Energy Watch What do the next eighteen months hold in store for oil prices? Crude oil prices have slumped again recently, despite OPEC agreeing to extend its output cuts by nine months. This Energy Watch sets out our view on what will happen to supply and demand over the next... 12th June 2017 · 1 min read
Energy Data Response US Weekly Petroleum Status Report Stocks of both crude oil and gasoline unexpectedly rose last week, driven by a rebound in crude imports and a slump in demand. 7th June 2017 · 1 min read
Energy Chart Pack OPEC disappoints the oil market Oil prices fell at the end of last month as OPEC disappointed markets by simply rolling over its output cuts for another nine months, rather than deepening them as well. However, this should still be... 6th June 2017 · 1 min read
Energy Update Is the US leaving the Paris Agreement significant? The withdrawal of the US from the Paris Agreement on climate change will not alter our forecasts of US demand for energy commodities, since the agreement was non-binding and President Trump had no... 2nd June 2017 · 1 min read
Energy Data Response US Weekly Petroleum Status Report US crude stocks fell for the eighth consecutive week as demand from refineries increased and net imports fell. Gasoline stocks were also drawn down as consumption picked up. 1st June 2017 · 1 min read
Middle East & North Africa Chart Pack OPEC deal renewed, but Saudi nods towards “exit strategy” OPEC’s decision this month to roll over its oil output cuts displayed a rare sense of cohesion from the cartel, but there are signs that de-facto leader Saudi Arabia is seeking an eventual end to... 30th May 2017 · 1 min read
Middle East & North Africa Economics Update OPEC deal should allow Gulf to ease austerity further OPEC’s decision to rollover its oil output cuts didn’t come as a surprise, but the fact that calls for deeper cuts never even made it on to the table suggests that the Gulf economies are resistant to... 25th May 2017 · 1 min read
Energy Data Response US Weekly Petroleum Status Report Crude oil stocks declined by the second largest amount so far this year, in spite of an increase in net imports. Gasoline and distillate inventories also fell, as demand for petroleum products surged. 24th May 2017 · 1 min read
Energy Update What could Trump’s budget mean for energy commodities? Donald Trump’s budget proposal is unlikely to dramatically alter the energy and oil markets, even if Congress does not significantly temper them. 23rd May 2017 · 1 min read
Energy Watch What would longer OPEC production cuts mean for oil prices? OPEC will almost certainly extend its production cuts by another nine months at its meeting next week. This Energy Watch looks at the impact that longer cuts in production would have on the oil market... 18th May 2017 · 1 min read
Energy Data Response US Weekly Petroleum Status Report US crude oil stocks fell for the sixth consecutive week as demand from refineries picked up. Inventories of gasoline and diesel also fell, despite demand remaining weak. 17th May 2017 · 1 min read
Global Economics Update Quick thoughts on the OPEC extension Oil prices jumped today following the announcement by Saudi Arabia and Russia that they favour extending the current production cuts until March 2018. Although this is not a game-changer for the oil... 15th May 2017 · 1 min read
Energy Update Longer OPEC production cuts to boost oil prices An extension of OPEC’s output cuts until the end of March 2018 should be more than enough to bring stocks down to their five-year average and push prices up, even if US output continues to pick up and... 15th May 2017 · 1 min read
Energy Update How will the crisis in Venezuela affect oil production? Continued weakness in Venezuela’s oil output this year should help the market to rebalance. In fact, the potential for further reductions in production represents an upside risk to prices. 11th May 2017 · 1 min read
Middle East & North Africa Economics Update Gulf likely to push back against calls for deeper oil output cuts This month’s dip in oil prices means that it is almost certain OPEC will agree to an extension to its oil output cuts into the second half of this year. But we think Saudi Arabia and the other Gulf... 11th May 2017 · 1 min read
OPEC Watch OPEC output falls below target OPEC’s production was relatively flat in April, but the group significantly increased its forecast of non-OPEC output this year again. Whilst this should not prevent the group from rolling over its... 11th May 2017 · 1 min read
