Energy Focus Is the sun setting on the oil market? Slowing economic growth and rapidly rising fuel efficiency, partly due to a surge in the number of electric vehicles, mean that growth in demand for oil will slow and eventually peak over the next... 28th June 2018 · 1 min read
Africa Economics Update CEMAC: Recovery will not be sustained After a painful adjustment, growth in the Central African franc zone will pick up in 2018 and 2019. The region’s longer-term outlook, however, is poor. Indeed, tensions between Cameroon and its more... 28th June 2018 · 1 min read
Middle East & North Africa Economics Weekly Bahrain gets Gulf support, new gas discovery in Egypt? The announcement on Wednesday that Bahrain is in talks with the other Gulf countries over financial support reinforces our view that, despite recent worries in the markets, its dollar peg won’t be... 28th June 2018 · 1 min read
Energy Data Response US Weekly Petroleum Status Report Inventories of crude oil slumped last week due to a jump in exports and higher demand from refineries. The narrowing of the Brent-WTI spread this week may put a dampener on exports, but outages in... 27th June 2018 · 1 min read
Middle East & North Africa Economics Update Gulf: the economic impact of the revised OPEC deal Revisions to OPEC’s oil output agreement will lead to a rise in supplies from the Gulf over the coming months, providing a direct boost to economic growth. Higher production will, however, depress oil... 25th June 2018 · 1 min read
OPEC Watch OPEC agrees to boost output We expect OPEC and Russia to increase production by about 1m barrels per day over the rest of the year, which should ensure ample supply and help to pull prices down. 25th June 2018 · 1 min read
Commodities Weekly OPEC: Will they, won’t they? Most commodity prices fell sharply this week on concerns that the rise in trade tensions between the US and China could spiral into a full-blown trade war. There were particularly sharp drops in the... 22nd June 2018 · 1 min read
Middle East & North Africa Economics Weekly Egypt subsidy cuts, Saudi upgrade, OPEC meeting Hikes to fuel prices announced by the Egyptian government over the past week mean that the central bank will refrain lowering interest rates at its upcoming meeting. Meanwhile, growing tensions within... 21st June 2018 · 1 min read
Energy Data Response US Weekly Petroleum Status Report Inventories of crude oil fell last week due to a jump in exports and higher demand from refineries. However, if China acts on its threat to reduce its purchases of US crude, it will be difficult to... 20th June 2018 · 1 min read
Middle East & North Africa Economics Update What would a rise in OPEC output mean for Saudi? The OPEC meeting scheduled to start on Friday will probably result in a compromise to increase oil output and this could provide a boost to Saudi GDP growth of around 1%-pt. Frictions within the group... 20th June 2018 · 1 min read
Commodities Watch How will China’s tariffs affect commodity markets? In the last week, there has been a renewed escalation in trade tensions between the US and China. The US has announced that it is pressing ahead with tariffs and China has responded in kind. In... 20th June 2018 · 1 min read
Middle East & North Africa Economics Update Saudi: will an MSCI upgrade drive the Tadawul higher? MSCI’s upcoming decision on whether to include Saudi Arabia in its benchmark emerging market equity indices has been billed as a game changer for the Kingdom’s stock market, but past experience... 19th June 2018 · 1 min read
Energy Update Will tariffs dampen oil demand? The retaliatory tariffs which China has threatened to impose on oil imports from the US would not in themselves change the balance of supply and demand in global oil markets. But if China chooses to... 18th June 2018 · 1 min read
Middle East & North Africa Chart Pack UAE the latest to loosen fiscal policy The past month has brought further signs that governments across the Gulf are responding to higher oil prices by ramping up spending. Both Abu Dhabi and Dubai, the two largest emirates that make up... 15th June 2018 · 1 min read
Energy Update Oil and coal prices to fall, but gas to remain strong We think that differing outlooks for demand will cause the prices of energy commodities to diverge over the rest of this year, despite their recent close correlation. 14th June 2018 · 1 min read
Energy Data Response US Weekly Petroleum Status Report Inventories of crude oil fell last week due to lower net imports and higher demand from refineries. However, US oil production posted another jump. Output is growing at a much faster rate than demand... 13th June 2018 · 1 min read
