Commodities Watch Are biofuels doomed? Biofuels have become an important source of demand for many agriculturals over the past decade. In this Commodities Watch, we argue that concerns about the environment and the diversion of food... 2nd February 2018 · 1 min read
Commodities Chart Pack Dollar weakness bolsters commodities Commodity prices trended higher in January, with all the major sub-sectors of the S&P GSCI recording gains. Energy led the way, rising by 4.5% m/m. Dollar weakness was the main driver of the rally in... 1st February 2018 · 1 min read
Energy Data Response US Weekly Petroleum Status Report A slump in demand for oil from refineries and another increase in production combined to boost US crude inventories last week for the first time since mid-November. At least part of the recent surge... 31st January 2018 · 1 min read
Energy Update How much of the rise in oil prices is due to the dollar? We think that about half of the surge in oil prices since the start of December can be attributed to the slump in the US dollar. However, a stronger dollar should put some downward pressure on oil... 31st January 2018 · 1 min read
Asia Economics Update What do high oil prices mean for Asia? The recent jump in oil prices does not alter the outlook for Asia’s economies. But if prices were to rise significantly further, we would be most concerned about the impact on India and Sri Lanka. 29th January 2018 · 1 min read
Commodities Weekly It is all about the dollar Most commodity prices rose this week on the back of further broad-based falls in the US dollar. At the same time, the euro strengthened as ECB President Mario Draghi struck a fairly positive note at... 26th January 2018 · 1 min read
Energy Data Response US Weekly Petroleum Status Report The fall in crude stocks last week was overshadowed by rising US output, lower refinery runs and ballooning gasoline inventories. Indeed, US oil production is now within touching distance of 10m bpd... 24th January 2018 · 1 min read
Commodities Weekly Commodity price rally stalls The prices of many industrial commodities, including oil, fell this week despite the ongoing depreciation of the US dollar. The dollar was volatile, but ended the week lower. On Thursday, the... 19th January 2018 · 1 min read
Energy Data Response US Weekly Petroleum Status Report A larger-than-expected draw in crude stocks last week is somewhat at odds with the rebound in production and fall in refinery runs. But what is clear is that gasoline stocks have continued to build on... 18th January 2018 · 1 min read
OPEC Watch OPEC Monthly Oil Market Report (Jan.) Today’s report showed an unexpected rise in OPEC’s production in December, despite a dramatic decline in Venezuela’s output. At the same time, the group made a small upward revision to its... 18th January 2018 · 1 min read
US Economics Update Higher oil prices not yet a serious problem As a net oil importer, the recent rise in oil prices should eventually be a negative for the US economy, but the near-term impact may actually be positive. Mining investment is set to rebound in the... 17th January 2018 · 1 min read
Emerging Markets Economics Update Quick thoughts on the recent jump in oil prices The economic gains from the recent rise in oil prices are concentrated among a handful of EMs (mainly in the Gulf) but the losses are spread more widely. That being said, if oil holds onto its recent... 15th January 2018 · 1 min read
Global Economics Update Oil at $70pb is not a threat to the global economy We expect oil prices to fall back from their three-year high in the coming months due to increasing supply. But even if prices stayed around $70pb, they would not endanger the global economy. The... 12th January 2018 · 1 min read
Global Economics Update Oil at $70pb is not a threat to the global economy We expect oil prices to fall back from their three-year high in the coming months due to increasing supply. But even if prices stayed around $70pb, they would not endanger the global economy. The... 12th January 2018 · 1 min read
Energy Data Response US Weekly Petroleum Status Report US crude stocks continued to fall last week but product stocks have increased sharply since November as demand from refineries has not been matched by higher product consumption. This may pressure... 10th January 2018 · 1 min read
Energy Update Oil will struggle to hold on to its gains A combination of falling US stocks, mounting geopolitical risk and OPEC’s deal to extend its output cuts has pushed the price of oil higher in recent weeks. However, we think that rising non-OPEC... 5th January 2018 · 1 min read
