Nordic & Swiss Economics Update Higher oil prices not a game changer for Norway We expect that higher oil prices will result in the Norges Bank raising interest rates twice this year and that the krone will outperform its Nordic peers. However, if we are proved correct in our... 24th April 2019 · 1 min read
Global Economics Update Higher oil price adds to headwinds for world economy While we still think that this year’s rise in oil prices will soon go into reverse, we have bumped up our end-year forecast. The now smaller drop in oil prices we’re expecting doesn’t change the... 24th April 2019 · 1 min read
Energy Data Response US Weekly Petroleum Status Report A surge in net imports and the recovery in domestic production led crude stocks higher last week. However, we expect stocks to start to be drawn down in the coming weeks as the refinery maintenance... 24th April 2019 · 1 min read
Global Economics Update Higher oil price adds to headwinds for world economy While we still think that this year’s rise in oil prices will soon go into reverse, we have bumped up our end-year forecast. The now smaller drop in oil prices we’re expecting doesn’t change the... 24th April 2019 · 1 min read
India Chart Pack Election crosses halfway stage India’s mammoth general election that began earlier this month is now past the halfway stage. Votes have been cast in 302 out of the country’s 543 constituencies, with four days earmarked for further... 24th April 2019 · 1 min read
Commodities Update A higher oil price forecast, but big picture unchanged We retain our long-held view that the price of oil will fall this year owing to weak global growth, further gains in US oil output and a rise in investor risk aversion. However, the scale of recent... 23rd April 2019 · 1 min read
Energy Data Response US Weekly Petroleum Status Report The collapse in US net imports drove crude oil stocks lower last week. We expect further slides in crude stocks as the maintenance season for refineries ends. 17th April 2019 · 1 min read
Commodities Outlook Short-term pain, long-term gain We think that the prices of most commodities will fall this year as global economic growth remains weak and investor risk aversion returns. While policy in China has become more accommodative, it is... 17th April 2019 · 1 min read
Commodities Weekly Waiting for the next big move It has been a relatively quiet week in most commodity markets, except for energy. Oil prices rose again, to over $70 per barrel for Brent, on news of military operations in Libya. However, we think at... 12th April 2019 · 1 min read
Canada Economics Weekly Oil price rebound to have only muted benefit The recent rebound in oil prices would normally be great news for the Canadian economy. But with regulatory concerns and capacity constraints likely to hold back investment in the energy sector and... 12th April 2019 · 1 min read
Energy Data Response US Weekly Petroleum Status Report The decline in net imports was one reason why US crude stocks surged again this week. However, we don’t think that this trend will continue as we expect the maintenance season for refineries to end... 10th April 2019 · 1 min read
OPEC Watch OPEC Monthly Oil Market Report (Apr.) As a group, OPEC is more than complying with its production quota, which helps to explain the recent rally in prices. That said, individual country compliance is quite poor with Saudi Arabia... 10th April 2019 · 1 min read
Energy Update What does oil at $70 mean for our price forecast? Most of the excess supply in the oil market has now disappeared as a result of the voluntary and involuntary output cuts, notably by OPEC member states. However, we expect higher prices to encourage... 9th April 2019 · 1 min read
Energy Data Response US Weekly Petroleum Status Report Jumps in net imports and US production meant that US crude stocks showed a stellar build this week. However, we expect that stocks will fall in the months ahead as refineries come back online. 3rd April 2019 · 1 min read
Latin America Economics Update Mexican oil production likely to fall further The best that Mexico’s state-owned oil company, Pemex, can hope for in the coming years is a slower pace of decline in crude production. Many of its shallow oil fields are maturing and the government... 2nd April 2019 · 1 min read
Energy Chart Pack Shaky fundamentals to derail oil price rally Oil prices saw their strongest quarterly gain in almost ten years in Q1 2019. However, we expect that this recent upturn will begin to subside and that the fundamentals of elevated US supply and... 2nd April 2019 · 1 min read
