Middle East & North Africa Chart Pack Geopolitical fears rise, higher oil price offers some relief Mounting tensions surrounding the conflicts in Syria and Yemen have rattled financial markets in the MENA region, but the associated rally in oil prices should limit the economic fallout for the Gulf... 12th April 2018 · 1 min read
OPEC Watch OPEC Monthly Oil Market Report (Apr.) OPEC revised up its forecast of non-OPEC production in 2018 again and estimated that the market was in a surplus in the first quarter. Admittedly, the cartel still expects the market to be in deficit... 12th April 2018 · 1 min read
Energy Data Response US Weekly Petroleum Status Report Inventories of crude oil jumped last week as net imports rebounded and production rose again. The recent increase in prices is likely to encourage even more US production, which should weigh on prices... 11th April 2018 · 1 min read
Commodities Update Geopolitical tensions boost prices Commodity prices rebounded at the start of April on the back of concerns over US sanctions on Russia and escalating tensions in the Middle East, despite the dollar being flat. Indeed, only the... 11th April 2018 · 1 min read
Energy Update Oil prices vulnerable to a shift in investor sentiment Near-record non-commercial net-long futures positions in the oil market mean that prices could fall sharply if investor sentiment sours. 10th April 2018 · 1 min read
Commodities Weekly Protectionist rhetoric weighs on prices Trade tensions escalated this week, as the US and China engaged in tit-for-tat announcements on proposed tariffs. The prices of commodities which would be affected by the tariffs generally fell... 6th April 2018 · 1 min read
Energy Chart Pack Rising geopolitical tensions lift oil prices March was a mixed month for energy commodities. Oil prices jumped on the back of rising tensions in the Middle East and speculation that OPEC would extend its production cuts into 2019. However... 5th April 2018 · 1 min read
Energy Data Response US Weekly Petroleum Status Report Inventories of crude oil slumped last week as exports rebounded and refineries processed more crude. However, production set another weekly record. We still expect prices to fall this year as surging... 4th April 2018 · 1 min read
Commodities Chart Pack Oil rises, despite trade woes Commodity prices drifted down in March, despite a relatively stable US dollar. However, given the slump in developed market equities, commodity prices held up relatively well. This was largely due to... 3rd April 2018 · 1 min read
Commodities Watch Taking stock of the first quarter In this Commodities Watch, we review developments in the first quarter of this year and draw conclusions about what they mean for our price forecasts. 29th March 2018 · 1 min read
Energy Data Response US Weekly Petroleum Status Report Inventories of crude oil rose last week as imports rebounded and production grew again. Admittedly, demand from refineries and consumers is strong. But we still expect soaring output to lead to higher... 28th March 2018 · 1 min read
Energy Watch Is OPEC risking its own “taper tantrum”? Oil prices have surged recently, partly due to expectations that OPEC will extend its production cuts into next year. However, some members of the group are emphasising the need for an exit strategy... 28th March 2018 · 1 min read
Energy Update Jump in oil prices likely to be temporary Increasing tensions in the Middle East and expectations that OPEC will extend its output cuts have driven oil prices higher recently. However, even if President Trump reimposes sanctions on Iran... 26th March 2018 · 1 min read
Commodities Weekly Trump’s tariffs unsettle investors The US was the focus of markets this week. The Fed hiked its target rate by 25bp on Wednesday to 1.50%-1.75% but this had been widely anticipated and there was little reaction in commodity markets. In... 23rd March 2018 · 1 min read
Canada Economics Weekly Heavy oil price benchmark likely to rebound Prices of domestic heavy crude oil appear to be going sideways, despite rising world oil prices. This trend has persisted for a few months, but there are still good reasons to believe that these heavy... 23rd March 2018 · 1 min read
Energy Update Will the new Chinese crude contract matter for prices? In our view, the new yuan-denominated crude futures contract should have no long-term impact on oil prices, even if it becomes a major benchmark. At any rate, a history of extreme volatility in China... 23rd March 2018 · 1 min read
