Commodities Weekly Trade talks remain the key to investor sentiment There were few big moves in commodity prices this week despite some encouraging data out of China and the US, and a 25bp cut in the Fed Funds rate. Admittedly, the economic data were not uniformly... 1st November 2019 · 7 mins read
Commodities Chart Pack October’s optimism set to fade The apparent thaw in the US-China trade dispute gave a lift to the prices of most industrial commodities in October. However, we are sceptical that a lasting resolution to the trade conflict will be... 31st October 2019 · 7 mins read
Energy Data Response US Weekly Petroleum Status Report US commercial crude stocks surged last week owing to a jump in net imports. Over the coming months, we expect a slowdown in the US economy to lead to further builds in inventories. 30th October 2019 · 2 mins read
Energy Update Three possible scenarios involving Nordstream 2 Recent construction delays to Nordstream 2 mean that the Russia-EU gas pipeline is likely to miss its scheduled completion date of December 2019. While we suspect that surging supplies of LNG from the... 25th October 2019 · 3 mins read
Commodities Weekly All eyes on the Fed This week has been relatively quiet in commodity markets, but there could be some bigger moves in prices in the next seven days given that the Fed meets on Thursday and a raft of economic data is... 25th October 2019 · 7 mins read
Energy Outlook Light at the end of the tunnel Oil prices are likely to remain subdued in the near term as the global economy continues to slow and risk aversion prevails. And while natural gas and coal prices could rise in the coming months as... 23rd October 2019 · 17 mins read
Commodities Weekly Demand fears taking the reins once again Despite the much-vaunted “mini-deal” on US-China trade, most industrial commodity prices fell this week. Uninspiring activity data across major commodity consumers, notably for the US and China... 18th October 2019 · 7 mins read
Commodities Outlook Turning a corner in 2020 While there appears to be little to lift spirits in the near term, we think the macro-economic backdrop for commodity markets will turn more positive during 2020. We expect global economic growth to... 18th October 2019 · 25 mins read
Energy Update Global crude demand to trough in early 2020 Subdued global economic activity will weigh on oil demand next year. That said, we expect GDP growth to gradually pick up over the course of the year, and new International Maritime Organization rules... 16th October 2019 · 4 mins read
Commodities Weekly Trade talk optimism could prove misguided With little in the way of major economic data releases this week, most commodity prices rose on the back of news that the US and China may agree a “mini deal” as part of ongoing trade talks. This... 11th October 2019 · 7 mins read
Commodities Weekly Growth concerns to the fore Most industrial commodity prices fell this week as concerns about global economic growth intensified. A raft of weak economic data from the US and the euro-zone seems to suggest that the recent... 4th October 2019 · 7 mins read
Energy Chart Pack Seasonal factors to boost gas and coal prices in Q4 Energy prices diverged in September. There were strong gains in European gas and coal prices in part owing to strikes at France’s utilities at a time when seasonal demand is also picking up. Meanwhile... 3rd October 2019 · 6 mins read
Commodities Chart Pack Still too soon to turn positive Oil prices dipped in September despite the attacks on Saudi Aramco. In contrast, the prices of most other commodities increased owing to a rise in investor risk appetite. However, we expect US... 1st October 2019 · 7 mins read
Commodities Weekly Little on the horizon to lift investor sentiment As the fall-out from the attacks on Aramco began to fade, the spotlight swung firmly back to concerns about global economic activity this week with falls in the prices of most industrial commodities... 27th September 2019 · 7 mins read
Commodities Weekly Geopolitics back in focus There was a rude awakening for the oil market last weekend as a missile and drone attack on Saudi oil facilities, allegedly backed by Iran, removed around 50% of Saudi capacity. As the dust settled... 20th September 2019 · 7 mins read
Commodities Weekly Price gains lack fundamental support The apparent thaw in US-China trade relations gave most industrial commodity prices a lift, but we have seen these sort of ‘goodwill’ gestures before and doubt that the two sides are any closer to... 13th September 2019 · 7 mins read
