OPEC Watch OPEC appears optimistic about oil market rebalancing Lower OPEC output and brighter prospects for demand mean that the group is likely to be relatively cheerful at its meeting at the end of the month. However, unless the group reduces its production... 13th November 2017 · 1 min read
Emerging Markets Economics Update What does the latest spike in oil prices mean for EMs? The jump in oil prices over the past couple of weeks doesn’t radically alter the outlook for EMs. However, if sustained, it could exacerbate concerns we already have about some parts of the emerging... 13th November 2017 · 1 min read
Commodities Weekly Political risks boost oil prices The price of oil jumped this week on rising tensions in the Middle East, which also lent some support to the gold price. In contrast, the prices of industrial metals fell, after strong gains a week... 10th November 2017 · 1 min read
UK Economics Weekly Higher oil prices not a major threat to the inflation outlook As a result of the rise in oil prices in recent weeks, CPI inflation will certainly be a bit higher than we had previously anticipated in the near term. This suggests that it won’t be long before the... 10th November 2017 · 1 min read
Global Markets Update How big a deal are oil prices for the MSCI EM Index? The recent increase in the price of oil has added further fuel to the rally in emerging market (EM) equities. Although we think that some of this support will unwind as oil prices slip back, we still... 10th November 2017 · 1 min read
Energy Update OPEC unlikely to reach stocks target Even if OPEC extends its output cuts until the end of next year, stocks are still likely to exceed their fiveyear average, which should put some downward pressure on oil prices next year. 9th November 2017 · 1 min read
Energy Data Response US Weekly Petroleum Status Report A sharp rise in US demand for products is in line with other indicators showing a pick-up in consumption recently. But record levels of oil production will delay the wider oil market rebalancing. 8th November 2017 · 1 min read
Energy Update Latest jump in oil prices looks unsustainable Oil prices jumped in recent days on the back of rising geopolitical tensions in the Middle East but, assuming that a direct conflict between Saudi Arabia and Iran is avoided, the fundamentals suggest... 7th November 2017 · 1 min read
Energy Chart Pack Oil market counting on extension to OPEC output cuts After looking like they may have run out of steam in September, the rallies in coal and oil prices returned with a vengeance last month. Indeed, speculation about supply restrictions – by OPEC for the... 2nd November 2017 · 1 min read
Energy Data Response US Weekly Petroleum Status Report The large drop in stocks of crude and gasoline last week would appear, at first glance, to be a further sign that the oil market is tightening. But much of the reduction in crude stocks was due to... 1st November 2017 · 1 min read
Commodities Chart Pack Commodities on a tear October was another strong month for the prices of industrial metals and oil as optimism about demand prevailed while prospects for supply deteriorated. We are more cautious, however. There are now... 1st November 2017 · 1 min read
Energy Update Price of Brent likely to slip back below $60 Growth in non-OPEC supply and lower geopolitical risks means that the price of Brent is unlikely to stay above $60 per barrel, even if OPEC extends its output cuts until the end of the year. 30th October 2017 · 1 min read
Middle East & North Africa Economics Update What does oil at $60pb mean for the Gulf? The rise in oil prices since the middle of the year could boost the Gulf’s oil export revenues by around $100bn, equal to 5% of regional GDP, on an annual basis. That would push current account... 30th October 2017 · 1 min read
Energy Data Response US Weekly Petroleum Status Report A rebound in production and a slight rise in net imports led to an increase in crude stocks last week. On the other hand, stocks of gasoline and distillates fell as demand picked up and net imports... 25th October 2017 · 1 min read
Middle East & North Africa Chart Pack Regional growth slows further The raft of GDP data released over the past month showed that growth across the Middle East & North Africa continued to slow in Q2. Our weighted-average measure of regional GDP expanded by 1.4% y/y in... 20th October 2017 · 1 min read
Energy Focus What can the oil market learn from coal’s demise? The dramatic rise in renewable power has led to a sharp reduction in demand for coal and, until recently at least, had pushed coal prices down by more than 50% since 2011. A rapid rise in alternative... 20th October 2017 · 1 min read
