Energy Chart Pack

Energy Chart Pack (Jun. 2024)

Our Energy Chart Pack has been updated with the latest data and our analysis of recent developments. The agreement by OPEC+ to rollover voluntary production cuts into Q3 will keep global oil supply...

5th June 2024 · 1 min read

Energy Update

OPEC+ to turn on the taps, oil prices to fall in 2025

At long last, OPEC+ outlined a plan on Sunday for when and how members would unwind the large production curbs currently in place. We assume that this plan is followed through and that output...

4th June 2024 · 3 mins read

Middle East & North Africa Economics Update

OPEC+ decision to keep a lid on Gulf economies’ growth

The decision by OPEC+ to keep oil production lower over the rest of this year means that oil sectors in the Gulf will grow more slowly than we had previously anticipated and we have revised down our...

3rd June 2024 · 3 mins read

Commodities Weekly

Reading the OPEC+ tea leaves: rollover is on the cards

The decision by OPEC+ to move its crunch meeting from in-person on Saturday in Vienna to online on Sunday, historically a sign of an uneventful meeting, suggests that members will rollover production...

31st May 2024 · 5 mins read

Middle East & North Africa Economics Weekly

OPEC+ set for crunch talks and Egypt’s fiscal reforms

This weekend’s OPEC+ meeting could be a stick or twist moment with markets increasingly believing the group will roll over its quotas and voluntary cuts again. If quotas are extended, that risks...

30th May 2024 · 6 mins read

Middle East & North Africa Chart Pack

Middle East and North Africa Chart Pack (May 2024)

Low oil output in the Gulf has constrained economic growth so far this year and the upcoming OPEC+ meeting will prove pivotal to the outlook over the rest of this year. Elsewhere in Middle East and...

29th May 2024 · 1 min read

Middle East & North Africa Economics Update

Saudi GDP growth will hinge on OPEC+ decision

After exiting recession in Q1, Saudi Arabia’s economy should continue to expand over the rest of this year on the back of strong private non-oil growth and higher oil output. But next month’s OPEC...

22nd May 2024 · 4 mins read

Middle East & North Africa Economics Update

Iran’s succession plans unlikely to fix economic woes

The death of Iran’s President Ebrahim Raisi yesterday creates greater uncertainty over the succession planning for the next Supreme Leader. But, taking a step back, the balance of political power...

20th May 2024 · 4 mins read

Energy Update

US shale boom approaching a peak

Having soared to a record high level under the Biden administration, we expect US shale oil output to peak this year before contracting in 2025, driven by a combination of further industry...

20th May 2024 · 4 mins read

Commodities Weekly

OPEC sticks to its bullish oil demand forecast

The second consecutive monthly reduction in the International Energy Agency’s (IEA) 2024 oil demand growth forecast this week further widened the wedge between the IEA’s and OPEC’s near-term outlooks...

17th May 2024 · 5 mins read

Commodities Update

Your latest commodities questions answered

We held an online Drop-In session last week to discuss geopolitical risk and the commodities price outlook. This Update answers several of the questions that we received.

10th May 2024 · 7 mins read

Commodities Weekly

OPEC+ to roll-over?; China commodity imports up

With less than a month to go until OPEC+ meets to decide upon its next policy move, rumours are heating up as to what its move will be. Last week, anonymous OPEC+ sources suggested that the 2.2...

10th May 2024 · 7 mins read

Middle East & North Africa Economics Weekly

UAE ups the ante with OPEC, review of April’s PMIs

The UAE has raised its oil production capacity even further in a sign that it wants to raise actual output. But with rumours growing that OPEC+ may extend its current low oil output quotas beyond June...

9th May 2024 · 7 mins read

Commodities Chart Pack

Commodities Overview Chart Pack (May 2024)

We think that oil prices have further to fall, as we expect OPEC+ to gradually increase output later this year. Prices have recently fallen as worries that the conflict in the Middle East could affect...

8th May 2024 · 1 min read

Energy Chart Pack

Energy Chart Pack (May 2024)

Our Energy Chart Pack has been updated with the latest data and our analysis of recent developments. The fall in oil prices since Iran and Israel’s back-and-forth attacks suggests that some of the...

7th May 2024 · 1 min read