Energy Chart Pack Natural gas demand to prove resilient Oil prices continued to fall last month on concerns about a slowing global economy and rising US-China protectionism, but we expect them to stabilise in the coming months given supply constraints. In... 6th September 2019 · 6 mins read
Energy Data Response US Weekly Petroleum Status Report The huge weekly drawdown in US crude stocks clearly soothed some of the near-term fears surrounding softer demand, as evidenced by today’s gain in prices. But our forecast for a slowdown in the US... 28th August 2019 · 2 mins read
Commodities Update Trade escalation and G7 do not change our oil view While the US-China trade war has escalated, we had already expected the two countries’ dispute to deepen. Meanwhile, although a thawing of US-Iran relations could mean a return to the market of... 27th August 2019 · 3 mins read
Energy Update Any UK petroleum reserve sell-off would be small beer A no deal Brexit later this year could mean that the UK government decides to substantially reduce its strategic reserves of petroleum products. But even after a reduction, the UK’s reserves should... 23rd August 2019 · 3 mins read
Energy Data Response US Weekly Petroleum Status Report While most of last week’s draw in US commercial crude stocks was down to a drop in net imports, the latest figures showed another strong week for both inputs to refineries and gasoline demand. But... 21st August 2019 · 2 mins read
Energy Update Brent-WTI price spread to remain low The dramatic narrowing of the spread between the prices of Brent and WTI oil in the last month, reflects a structural change in the market as logistical bottlenecks in the US are being resolved. As... 20th August 2019 · 2 mins read
Africa Economics Update Low oil prices mean focused pain & diffuse benefits The fall in oil prices this month will create both winners and losers in Africa. But the winners’ gains will be small and spread across dozens of countries, whereas pain will be concentrated in a few... 20th August 2019 · 3 mins read
OPEC Watch OPEC Monthly Oil Market Report (Aug.) While another cut in Saudi Arabian oil output pushed OPEC production further below its quota in July, we doubt that the Kingdom is on the cusp of taking larger action in order to support oil prices. 16th August 2019 · 3 mins read
Energy Data Response US Weekly Petroleum Status Report Lower demand from refineries is the primary reason for another unexpected rise in commercial crude stocks. This exaggerated today’s fall in prices, which had already been dragged down by weak economic... 14th August 2019 · 2 mins read
Energy Watch IMO 2020 demand boost will not spark oil price rally The International Maritime Organization (IMO) has set new standards for marine fuel, effective from the start of 2020. The rules have major implications for oil refineries and shipping companies, but... 8th August 2019 · 5 mins read
Energy Data Response US Weekly Petroleum Status Report While much of last week’s decline in commercial crude stocks is down to the EIA’s opaque adjustment factor, the latest stocks report nonetheless paints a fairly weak picture of US demand. Given our... 7th August 2019 · 2 mins read
Energy Chart Pack More to the weakness in energy prices than trade While President Trump’s latest tariff threat has added yet more fuel to the oil market’s fears about slowing global growth, the continued malaise in the prices of coal and natural gas reflects more... 2nd August 2019 · 6 mins read
Energy Data Response US Weekly Petroleum Status Report Another hefty drawdown in US commercial crude stocks last week might be taken as a bullish sign by oil markets. However, taking a closer look at the latest week’s figures, the picture painted of... 31st July 2019 · 2 mins read
Oil sector to drag down third-quarter GDP The latest oil production forecasts from the National Energy Board suggest that there are downside risks to our below-consensus forecast that GDP growth declined to 1.5% annualised in the third... 25th July 2019 · 3 mins read
Energy Data Response US Weekly Petroleum Status Report A fall in production in the Gulf of Mexico due to Hurricane Barry largely explains last week’s huge decline in US commercial crude stocks. However, although these output outages will only be temporary... 24th July 2019 · 2 mins read
Energy Data Response US Weekly Petroleum Status Report Last week’s draw in commercial crude stocks can largely be put down to a drop in production in the Gulf of Mexico linked to Hurricane Barry, rather than stronger demand for crude. While the picture is... 17th July 2019 · 2 mins read
