Commodities Update Your latest commodities questions answered We held an online Drop-In session last week to discuss geopolitical risk and the commodities price outlook. This Update answers several of the questions that we received. 10th May 2024 · 7 mins read
Commodities Weekly OPEC+ to roll-over?; China commodity imports up With less than a month to go until OPEC+ meets to decide upon its next policy move, rumours are heating up as to what its move will be. Last week, anonymous OPEC+ sources suggested that the 2.2... 10th May 2024 · 7 mins read
Middle East & North Africa Economics Weekly UAE ups the ante with OPEC, review of April’s PMIs The UAE has raised its oil production capacity even further in a sign that it wants to raise actual output. But with rumours growing that OPEC+ may extend its current low oil output quotas beyond June... 9th May 2024 · 7 mins read
Commodities Chart Pack Commodities Overview Chart Pack (May 2024) We think that oil prices have further to fall, as we expect OPEC+ to gradually increase output later this year. Prices have recently fallen as worries that the conflict in the Middle East could affect... 8th May 2024 · 1 min read
Energy Chart Pack Energy Chart Pack (May 2024) Our Energy Chart Pack has been updated with the latest data and our analysis of recent developments. The fall in oil prices since Iran and Israel’s back-and-forth attacks suggests that some of the... 7th May 2024 · 1 min read
Energy Update Mexico’s oil export cuts won’t damage global supply Longstanding turmoil in Mexico’s state-owned oil company, Pemex, alongside newly announced export cuts, raise questions about the outlook for Mexico’s oil output. But it will not be a large enough... 30th April 2024 · 4 mins read
Event Commodities Drop-In: Geopolitical risk and the commodities price outlook 1714658400 Geopolitical risk may be ever-present in global commodity markets, but it’s arguably been an even bigger driver over the past year or so.
Energy Update Japan’s LNG demand to sink; Korea’s to fall more slowly A resurgent nuclear power sector in Japan and a continuously growing one in South Korea coupled with an expansion in renewable power capacities will ensure both countries’ LNG demand will fall... 23rd April 2024 · 3 mins read
Commodities Weekly Rising risks to energy supply, but not time to overreact In a week that started with Iran’s drone and missile attack on Israel and which ended with Israel’s retaliatory strike on Iran, it is somewhat surprising that the price of Brent crude fell. After all... 19th April 2024 · 5 mins read
Green Transition Chart Pack Green Transition Chart Pack (Apr. 2024) Recent increases in natural gas prices in Europe have predictably been mirrored in the EU carbon price, which has risen from a 31-month low of €52 per tonne in February to €71 at the time of writing... 18th April 2024 · 1 min read
Commodities Focus Fed rate cuts won’t send commodity prices soaring The latest US CPI data may have dashed hopes of interest rate cuts as early as June, but looser monetary policy is still firmly on the cards late this year and over the course of next year. Lower... 16th April 2024 · 12 mins read
Latin America Economics Update Middle East tensions may support Venezuela’s oil sector Concerns about escalating tensions in the Middle East and the impact on global oil supplies increase the likelihood that the US will renew its sanctions waiver on Venezuela when the current one... 16th April 2024 · 4 mins read
Asset Allocation Update Oil prices and the stock market Many of the usual relationships between oil prices and equities haven’t held over recent months. This Update explores the reason for that, and what may lie in store for energy equities and the broader... 16th April 2024 · 5 mins read
UK Economics Update The risks to inflation posed by energy prices Our analysis shows that for CPI inflation to get stuck above 2.0% it would require oil prices and UK wholesale gas prices to rise to $110 per barrel and 150 pence per therm respectively. And for CPI... 15th April 2024 · 5 mins read
Middle East & North Africa Economics Update The Iran drone strike & the oil market implications There are clearly many ways in which tensions between Iran and Israel could escalate and push up oil prices following the Iranian drone strike at the weekend. But the risk that a conflict involving... 15th April 2024 · 4 mins read
