Energy Update Will US oil exports really help rebalance the market? The collapse in US net oil imports over the last few weeks has helped to draw down crude inventories in the country. This has raised hopes that market rebalancing is accelerating and has been one... 9th October 2017 · 1 min read
Commodities Weekly A busy week ahead … It was a relatively quiet week on the news front, at least until the US labour data on Friday. The 33,000 drop in non-farm payrolls came as a surprise, even though markets had expected hurricane... 6th October 2017 · 1 min read
Energy Update Should the oil market worry about sanctions on Iran? If President Trump refuses to waive the sanctions on Iran’s oil exports then we would expect oil prices to rise. However, it is not clear that Congress would vote to re-impose sanctions on the country... 6th October 2017 · 1 min read
Middle East & North Africa Economic Outlook Turning the corner Growth across the Middle East and North Africa has slowed further this year, but it should recover in 2018 and 2019. In the Gulf, the drag on GDP growth from this year’s oil production cuts will fade... 5th October 2017 · 1 min read
Energy Data Response US Weekly Petroleum Status Report A surge in exports to the highest level on record last week helped to draw down crude stocks. We expect exports to remain high while the Brent-WTI spread is wide which should help to reduce stocks... 4th October 2017 · 1 min read
Energy Chart Pack Have oil and coal prices peaked? The rallies in the prices of coal and oil look like they may have run out of steam in the last week. The prices of both had been boosted by stronger demand and supply disruptions. However, global... 4th October 2017 · 1 min read
Commodities Chart Pack Rally in oil starting to burn out Oil prices surged in September, which in turn boosted the prices of agriculturals. In contrast, concerns about demand and dollar appreciation weighed on metals prices. Looking ahead, the price of oil... 2nd October 2017 · 1 min read
Middle East & North Africa Economics Update Saudi downturn deepens, blockade hits Qatar’s economy Official GDP data show that the contraction in Saudi Arabia’s economy worsened in Q2 and our GDP Tracker suggests that downturn deepened further at the start of Q3. We expect a recovery to get... 2nd October 2017 · 1 min read
Commodities Weekly Ample supply weighs on agriculturals There were some sharp moves in metals prices this week, as investors took positions ahead of the weeklong holiday in China. Meanwhile, oil prices edged higher on speculation that OPEC will extend its... 29th September 2017 · 1 min read
Energy Watch Is the surge in oil prices sustainable? The last three months have seen a turnaround in the oil market as investor sentiment turned positive and prices jumped. This Energy Watch will briefly take stock of what has been driving prices up... 29th September 2017 · 1 min read
Middle East & North Africa Chart Pack Saudi Arabia returns to the international bond market Saudi Arabia returned to the international bond market this month in order to plug its twin budget and current account shortfalls. A total of $12.5bn of dollar debt was issued, split into three... 28th September 2017 · 1 min read
Energy Update Oil demand rises as global economy strengthens Global oil demand was given a boost in the second quarter of this year largely due to a stronger global economy. The latest data point to a bright outlook for oil demand over the next year as the... 28th September 2017 · 1 min read
Emerging Europe Economics Focus A primer on Russia’s new fiscal rule In this Focus, we answer five key questions on Russia’s recently-approved fiscal rule, and explain what it means for the government’s deficit, debt and oil funds. 28th September 2017 · 1 min read
Energy Data Response US Weekly Petroleum Status Report A surge in exports and demand from refineries last week helped to draw down crude stocks. We expect these trends to continue which should help to narrow the Brent-WTI spread over the next few weeks. 27th September 2017 · 1 min read
Middle East & North Africa Economics Update Gulf markets get no boost from higher oil prices Financial markets in the Gulf economies have performed poorly in the past few weeks despite the sharp rise in oil prices. Equity markets have actually fallen back and, in some countries, dollar bond... 27th September 2017 · 1 min read
Frontier Markets Wrap Oil price jump fails to lift markets in oil exporters The jump in oil prices, from $51pb at the start of September to around $59pb at the time of writing, should provide a fillip to the large frontier oil economies, such as Saudi Arabia, Nigeria and... 26th September 2017 · 1 min read
