Commodities Weekly Oil also higher for longer There wasn’t a clear trend in commodity prices this week. Natural gas prices in the US and Europe were among the largest risers, though those increases appear to have been driven by dips in regional... 29th September 2023 · 4 mins read
Commodities Outlook Looser monetary policy to support prices in 2024 We expect most commodity prices to struggle over the rest of this year as developed economies flirt with recession, the US dollar remains strong and investor risk appetite moderates. That said, we... 26th September 2023 · 28 mins read
Africa Economics Weekly Nigeria’s subsidy and new MPC, South Africa fiscal fear The recent pick-up in oil prices will provide welcome hard currency income for Nigeria. But, with local fuel prices being kept stable, high oil prices and a weak naira also signal the return of the... 22nd September 2023 · 6 mins read
Commodities Weekly Russia fuel export ban will temporarily lift crude prices Most commodity prices fell this week as the Federal Reserve left the door open to another interest rate hike before the end of the year, and indicated that rates will remain higher for longer. Russia... 22nd September 2023 · 4 mins read
Capital Daily Oil likely to remain a sideshow for financial markets The recent rally in oil prices has had only a limited impact on bond and equity markets so far. And we doubt that this will change anytime soon, given our view that the rally will not last much longer... 19th September 2023 · 5 mins read
Global Economics Update Higher oil prices not a game-changer for inflation We are not convinced that the increase in oil prices has set the stage for a sustained rebound in inflation. Accordingly, there is little chance that developed market central banks will resume or... 19th September 2023 · 5 mins read
Commodities Weekly Commodity prices fire up across the board The mood was upbeat in commodity markets this week, with prices rising across all sectors. Oil stood out, with the price in the US cracking $90 per barrel for the first time this year. Higher oil... 15th September 2023 · 5 mins read
Energy Update Oil prices – what goes up won’t come down in 2024 While we think Saudi Arabia and Russia’s supply cuts, which have sent oil prices surging in recent weeks, will be rolled over into next year, fears of triple digit prices in 2024 are overblown. We... 14th September 2023 · 4 mins read
Event Drop-In: Oil prices and the threat to the global inflation outlook 1695128400 The recent surge in oil prices is fuelling concerns about an inflationary resurgence that could upset central bank monetary policy plans. But how worried should investors be?
Commodities Chart Pack Commodities Overview Chart Pack (Sep. 2023) Prices will remain buffeted by weak global economic growth and a strong dollar, at a time of mounting supply risks and some policy stimulus in China. These conflicting pressures suggest that prices... 8th September 2023 · 1 min read
Commodities Weekly Yawning deficit in the oil market to prop up prices It was a mixed week for commodity prices as they faced conflicting pressures in the form of the appreciation of the US dollar, mounting supply risks and signs of some resilience in China’s demand... 8th September 2023 · 5 mins read
Middle East & North Africa Economics Weekly Saudi oil output cut, another delay to Egypt’s IMF review? Saudi Arabia announced it will roll over its additional voluntary 1mn bpd oil output cut until the end of the year, which we think will push the economy into a sharp contraction over the second half... 7th September 2023 · 9 mins read
Commodities Update China’s surge in commodity imports likely to moderate China’s commodity import volumes rose strongly in August compared to July. Crude oil imports were probably supported by the ongoing recovery in the aviation sector, which we expect to continue in... 7th September 2023 · 2 mins read
Energy Chart Pack Energy Chart Pack (Sep. 2023) Our Energy Chart Pack has been updated with the latest data and our analysis of recent developments. Energy prices will remain historically high over the remainder of this year. OPEC+ output cuts... 6th September 2023 · 1 min read
Commodities Weekly Metal prices still struggling, despite China stimulus Most commodity prices rose this week after data showed that US labour market conditions are easing, lowering expectations for US interest rates and weakening the dollar. It is perhaps surprising that... 1st September 2023 · 4 mins read