Commodities Weekly

Commodities Weekly: Trump talks Ukraine peace, EU gas slides; metals tariffs

The possibility of the EU increasing pipeline supplies of Russian natural gas following Trump’s announcement of peace talks with Putin has contributed to a sharp fall in EU gas prices. Whether or not...

14th February 2025 · 4 mins read

Middle East & North Africa Economics Update

Saudi’s economy set for a modest acceleration

Saudi Arabia’s economic growth will accelerate this year as the Kingdom starts to unwind oil production cuts from April. But while the Kingdom’s non-oil sector started the year on a strong footing...

11th February 2025 · 3 mins read

Commodities Chart Pack

Commodities Chart Pack (February 2025)

Trump’s curveballs have limited sway in oil markets With oil prices back to where they were at the start of the year, the oil market has offered a collective shrug to the geopolitical curveballs...

10th February 2025 · 1 min read

Commodities Weekly

Commodities Weekly: Frothy coffee?; EU gas woe; "Max pressure", little impact

While the steady upward grind in EU natural gas prices has been less spectacular than the recent hockey stick-shaped surge in the price of arabica coffee beans, the doubling in EU gas prices since...

7th February 2025 · 4 mins read

Middle East & North Africa Economics Weekly

MENA Weekly: Trump muddles the US’s relations with MENA

President Trump’s comments on Gaza risk straining relations with the Gulf and will work against his aim of expanding the Abraham Accords to include a normalisation of Saudi-Israel relations. Meanwhile...

6th February 2025 · 7 mins read

Climate Economics Update

Solar take-up in Saudi will be felt in global oil markets

The renewable rollout in Saudi Arabia is set to accelerate on the back of cheap solar panel imports from China. Given that Saudi Arabia is one of a few countries that directly burns crude oil for...

5th February 2025 · 3 mins read

Commodities Update

Tracking the knock-on effects of US tariffs on oil

The fact that the US is highly dependent on crude oil imports from Canada and Mexico has (so far at least) not precluded oil from the threat of President Trump’s tariffs. Against this backdrop, our...

4th February 2025 · 4 mins read

Africa Economics Weekly

Africa Weekly: SA’s SOE “tough love”, Nigeria fuel imports, USAID

South African SOEs have had a hard week, with demands for a bailout of Transnet being rebuffed and Eskom getting a smaller electricity price hike than it asked for. But perhaps the more important...

31st January 2025 · 5 mins read

Middle East & North Africa Economics Weekly

MENA Weekly: OPEC+ and Trump, Egypt’s debt issuance

President Trump’s call for OPEC+ to “bring down the cost of oil” is unlikely to change the outcome of group’s meeting on Monday; it is likely to stick to plans to gradually raise oil output from April...

30th January 2025 · 7 mins read

Africa Chart Pack

Africa Chart Pack (Jan. 2025)

Falling inflation and looser monetary policy will help GDP growth to accelerate across Sub-Saharan Africa this year. A shift towards trade protectionism in the US will hurt certain sectors in some...

30th January 2025 · 0 mins read

Event

EM Drop-in: The Russia-Ukraine war – The macro and market implications of an end to fighting

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Donald Trump said on the campaign trail that he’d stop the Russia-Ukraine war in a day, and nearly three years after Russian troops crossed Ukraine’s border, an end to fightin

Africa Economics Weekly

Africa Weekly: Nigeria oil and BRICS, Mozambique LNG delay

Nigeria recently became the BRICS group's latest "partner" member, adding to the evidence that the government is trying to straddle the geopolitical divide between US- and China-led blocs. But that...

24th January 2025 · 6 mins read

Commodities Weekly

Commodities Weekly: Trump starts with a bang; EU gas higher for longer?

President Trump hit the ground running by declaring a National Energy Emergency and outlining his desire for lower oil prices. Whilst Trump has put the focus on ramping up oil supply to bring oil...

24th January 2025 · 4 mins read

Commodities Rapid Response

Trump leaves door open for Saudi to flood the market

The news from Davos that President Trump will “ask Saudi Arabia and Opec to bring down the cost of oil” is certainly in keeping with his desire for lower gasoline prices and his clear intention to use...

23rd January 2025 · 2 mins read

Middle East & North Africa Economics Weekly

MENA Weekly: Saudi-US relations already warming under Trump

Relations between Saudi Arabia and the US already appear to be on a stronger footing during Donald Trump’s first few days in office, adding to signs that it’s drift towards China is over. The Kingdom...

23rd January 2025 · 8 mins read