Energy Update A Democrat could spark higher oil prices We think that, at least initially, the energy proposals of a Democratic President would support oil prices by curbing supply more than demand. 28th February 2020 · 3 mins read
Energy Data Response US Weekly Petroleum Status Report US crude stocks rose last week. That said, exports could drop soon if coronavirus-related port disruption spreads across Asia, which would put upward pressure on stocks. 26th February 2020 · 2 mins read
Commodities Weekly Markets to remain concerned about China’s demand Industrial commodity prices trod water this week as investors struggled to assess the extent of the economic fallout from COVID-19. That said, the lingering sense of uncertainty put wind in the sails... 21st February 2020 · 7 mins read
Commodities Weekly Sense of calm may not last The prices of most industrial commodity prices rose this week on hopes that the coronavirus is near to its peak and that economic activity in Asia will start to pick up soon. The announcement of... 14th February 2020 · 7 mins read
Energy Data Response US Weekly Petroleum Status Report US crude stocks increased again last week owing almost entirely to a surge in net imports. However, despite this bearish report, oil prices are still up 3% today in part on the back of optimism that... 12th February 2020 · 2 mins read
Commodities Update The oil market to flip into a deficit after Q1 The economic disruption caused by the coronavirus means that we now expect the oil market to be in a surplus in Q1 2020, as opposed to the deficit that we had previously envisioned. However, providing... 11th February 2020 · 3 mins read
Commodities Weekly Virus to remain the main driver of prices Having plunged a week earlier, commodity prices stabilised a little towards the end of this week. That said, until we have a clearer steer on the scale and duration of the coronavirus, it is difficult... 7th February 2020 · 7 mins read
Energy Watch Middle East oil supply shocks and the risk premium In this Energy Watch, we look at how geopolitical tensions in the Middle East have historically affected the risk premium in the oil price and what could happen to this premium in the future. We... 7th February 2020 · 8 mins read
Energy Chart Pack Coronavirus to keep prices low in Q1 Energy prices slumped in January owing to concerns about the hit to demand from the coronavirus outbreak. The evolution of the epidemic over the coming weeks will determine how lasting its impact will... 5th February 2020 · 6 mins read
Commodities Chart Pack Virus fears to drive prices for some time yet Commodity prices, and energy prices in particular, have been hard hit by the outbreak of coronavirus in China and the prospect of lower global commodities demand. There is still too much uncertainty... 4th February 2020 · 7 mins read
Commodities Weekly Coronavirus continues to plague commodities Commodity prices lost ground last week, as the rapid spread of the Wuhan coronavirus has dented China’s near-term growth prospects. Indeed, both oil and base metals prices have fallen 10% from their... 31st January 2020 · 7 mins read
Energy Outlook Oil to outperform Provided that the coronavirus is contained, a gradual pick-up in global economic growth at a time of constrained supply should set the scene for higher oil prices in 2020. In contrast, we expect the... 30th January 2020 · 17 mins read
Commodities Outlook Cautiously optimistic A gradual rebound in global economic growth and, in many cases, constrained supply mean that we are broadly positive on the outlook for most commodity prices in 2020-21. One exception is the price of... 27th January 2020 · 25 mins read
Commodities Weekly Coronavirus highlights fragility of price recovery Fears that the outbreak of a new coronavirus in China could dent demand hit industrial commodity prices hard this week, erasing almost all year-to-date gains. We don’t pretend to be experts on public... 24th January 2020 · 7 mins read
Metals Focus What ‘Japanification’ means for steel Weakness in economic growth and unfavourable demographics mean that we expect most of the developed world, and China, to experience ‘Japanification’. One of the commodities most affected would be... 24th January 2020 · 13 mins read
Commodities Weekly Wait and see … The lukewarm market reaction to the signing of the Phase One trade deal between the US and China lends weight to our view that an agreement had already been priced by commodities markets. For our part... 17th January 2020 · 7 mins read
