Commodities Weekly Commodities still on the sidelines The prices of most industrial commodities traded in a narrow range this week in part owing to stronger-than-expected PMI data from the US and elsewhere. However, the bigger picture is that global... 22nd November 2019 · 7 mins read
India Chart Pack Services holding up better than industry Q3 GDP data due next week are likely to show a further slowdown in India’s economy, with the industrial sector the main source of weakness. However, some comfort can be taken from the fact that the... 22nd November 2019 · 9 mins read
Energy Data Response US Weekly Petroleum Status Report US commercial crude stocks rose, in large part due to a significant outflow from the strategic reserve. That said, we expect stocks to remain relatively high as the economy slows and demand falters. 20th November 2019 · 2 mins read
OPEC Watch OPEC Monthly Oil Market Report (Nov.) OPEC’s November Report, and recent comments by the organisation’s secretary general, suggest OPEC is becoming more optimistic about the prospects for demand for its crude in 2020. This may be an... 14th November 2019 · 3 mins read
Commodities Update The palm oil price rally has further to run Palm oil prices have soared recently in part because of unfavourable weather, which has clouded the outlook for supply. At the same time, we think that demand from the world’s top consumers is set to... 13th November 2019 · 3 mins read
Energy Update The palm oil price rally has further to run Palm oil prices have soared recently in part because of unfavourable weather, which has clouded the outlook for supply. At the same time, we think that demand from the world’s top consumers is set to... 13th November 2019 · 3 mins read
Energy Update Aramco IPO won’t have a big impact on the oil market We think that the forthcoming Saudi Aramco IPO is unlikely to have much of an impact on Saudi Arabia’s oil policy or on global oil prices either now, or in the future. Instead, Saudi output in the... 7th November 2019 · 2 mins read
Energy Data Response US Weekly Petroleum Status Report US commercial crude stocks rose on the back of higher net imports and a fall in inputs to refineries. We expect a slowdown in the US economy to lead to further builds in inventories in the coming... 6th November 2019 · 2 mins read
Energy Chart Pack Oil prices to tread water, for now Despite signs that the global economy continued to slow in October, only coal prices fell. While we expect global growth to remain subdued in the year ahead, we think that a recession will be avoided... 5th November 2019 · 5 mins read
Energy Focus Measuring the risk premium in the oil price The September attacks on oil facilities in Saudi Arabia re-ignited discussion of the “risk premium” in the oil price. Since the risk premium is not directly observable, we have created a methodology... 31st October 2019 · 13 mins read
Energy Data Response US Weekly Petroleum Status Report US commercial crude stocks surged last week owing to a jump in net imports. Over the coming months, we expect a slowdown in the US economy to lead to further builds in inventories. 30th October 2019 · 2 mins read
Energy Data Response US Weekly Petroleum Status Report US crude stocks fell last week on the back of strong demand for both distillates and gasoline. But with stocks still comfortably above the five-year average, and the US economy set to slow further... 23rd October 2019 · 2 mins read
India Chart Pack Government bond yields likely to rise Local bond yields have dropped over the past few months as the Reserve Bank has continued easing monetary policy, but we think they will start rising again before long. Fiscal policy has been loosened... 23rd October 2019 · 9 mins read
Energy Data Response US Weekly Petroleum Status Report US crude stocks surged last week in part because of a decline in refinery throughput. We expect further builds in stocks over the next few months as the US economy slows, which will curb gasoline... 17th October 2019 · 2 mins read
Energy Update Global crude demand to trough in early 2020 Subdued global economic activity will weigh on oil demand next year. That said, we expect GDP growth to gradually pick up over the course of the year, and new International Maritime Organization rules... 16th October 2019 · 4 mins read
Commodities Weekly Trade talk optimism could prove misguided With little in the way of major economic data releases this week, most commodity prices rose on the back of news that the US and China may agree a “mini deal” as part of ongoing trade talks. This... 11th October 2019 · 7 mins read
