Commodities Chart Pack

Commodities Chart Pack (Sep. 2024)

OPEC+ to face stick or twist moment at next meeting The recent slide in oil prices, to a 14-month low of $73pb at the time of writing, makes the looming OPEC+ decision on whether to unwind its...

5th September 2024 · 1 min read

Commodities Update

Cracks in oil demand to put OPEC+ to the test

The latest drop in oil prices, coupled with our expectation for global demand to remain weak, will make it practically impossible for OPEC+ to increase output while keeping Brent crude prices above...

4th September 2024 · 4 mins read

Commodities Weekly

Normal gold service resumes; OPEC+’s conundrum

While the stonking rally in gold prices earlier this year was at odds with traditional market drivers, the latest leg up in gold prices – which saw the nominal price reach yet another fresh record...

30th August 2024 · 4 mins read

Middle East & North Africa Economics Weekly

Libya’s crisis, Egypt’s central bank meeting

The oil market was rocked by two political shocks in the past week: an exchange of missiles between Israel and Hezbollah and a crisis in Libya, which led to cuts to its oil output. At the margin, the...

29th August 2024 · 6 mins read

Africa Economics Update

Nigeria: a bumpy recovery ahead

The pick-up in Nigerian GDP growth seen in Q2 will probably be followed by a renewed slowdown this quarter. But we think the backdrop of rising oil production, falling inflation and possible interest...

28th August 2024 · 3 mins read

Middle East & North Africa Chart Pack

Middle East and North Africa Chart Pack (Aug. '24)

Our latest Middle East and North Africa Chart Pack has been updated to reflect the latest data and developments in the region. Growth in the Gulf economies is likely to pick up in the coming quarters...

28th August 2024 · 1 min read

Commodities Weekly

Lack of ceasefire deal poses risks; gold at record

The apparent stall in the ceasefire talks between Israel and Hamas limited the fall in oil prices this week. While we think a deal wouldn’t be a game-changer for oil prices, a further breakdown in...

23rd August 2024 · 4 mins read

Africa Chart Pack

Africa Chart Pack (Aug '24)

GDP growth looks set for a modest pick up over the coming quarters as inflation falls back in most SSA economies and monetary easing cycles broaden out. The external environment will remain...

23rd August 2024 · 0 mins read

Africa Economics Weekly

Market turmoil and Africa, Uganda and Kenya rate cuts

Idiosyncratic factors seemed to play a bigger role than the recent global financial market turmoil in driving African markets this week. But while the fall in oil prices may be overdone, African...

9th August 2024 · 7 mins read

Commodities Weekly

EU natural gas prices chart their own course

It was no surprise to see the global commodity price index fall and rise alongside the contortions in equity markets this week. But commodity prices have not all been in the same boat; whereas some...

9th August 2024 · 4 mins read

Middle East & North Africa Economics Weekly

The global market turmoil and the impact on MENA

Financial markets in the Middle East weren’t spared from the global sell-off earlier in the week. There could be a macro impact on the Gulf economies through the fall in oil prices, either via lower...

8th August 2024 · 7 mins read

Commodities Chart Pack

Commodities Chart Pack (Aug. 2024)

Commodities have not been immune to the recent turmoil in financial markets, with the prices of most industrial metals, agricultural, and energy commodities extending their downward trends over the...

7th August 2024 · 1 min read

Middle East & North Africa Economics Update

UAE’s to remain the Gulf’s star economy

The UAE’s economy has been the strongest performer in the Gulf over the past year or so and a robust non-oil sector should help the UAE retain its crown as the fastest growing economy in the region.

6th August 2024 · 4 mins read

Commodities Update

Sell-off in oil markets has gone too far

The sharp fall in oil prices over the past week shows that fears of a US recession have so far outweighed concerns about conflict in the Middle East. But we think that oil prices have fallen too far...

6th August 2024 · 3 mins read

Commodities Weekly

Oil prices rise on Middle East conflict, cut down by US

The oil market's fairly muted reaction to events in the Middle East this week only temporarily reversed the recent downward trend in oil prices. On the face of it, however, the risk of a spike in oil...

2nd August 2024 · 4 mins read