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 1738767600 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 Focus What to make of Trump’s National Energy Emergency? The declaration of a National Energy Emergency underlines President Trump’s aspiration to extend the US’s dominance in global energy markets, and his willingness to use the US’s clout as leverage will... 23rd January 2025 · 17 mins read
Commodities Weekly Commodities Weekly: Commodities caught in the geopolitical crossfire As the ramp-up in US sanctions against Russia's energy sector has demonstrated, commodities are increasingly being caught in the crossfire of broader geopolitical machinations and tariff policy. The... 17th January 2025 · 4 mins read
Commodities Weekly Cyclical oil market drivers in the ascendancy, for now The recent rise in oil prices – to a three-month high just shy of $80pb – can be partly attributed to the apparent pick-up in activity in China at the end of 2024, which is likely to continue to... 10th January 2025 · 4 mins read
Commodities Update Assessing the risks to energy prices While upside risks to energy prices have garnered plenty of attention in recent months, there are several downside risks that are worth noting. Although we would characterise the downside risks –... 9th January 2025 · 4 mins read
Commodities Chart Pack Commodities Chart Pack (Jan. 2025) The improvement in activity growth in China has been one reason for more bullish sentiment in the oil market around the turn of the year. However, the stimulus-fuelled cyclical upturn in China’s... 8th January 2025 · 0 mins read
Event Drop-In: 2025 Commodities Outlook – Weak fundamentals vs geopolitical risk 1736953200 Brace for a tumultuous year in commodities markets as pressure from supply-demand dynamics is balanced by an increasingly volatile geopolitical picture.
Commodities Update Russia-Ukraine gas transit stop is not a game changer The termination of European imports of pipeline natural gas from Russia via Ukraine will only increase the EU’s dependence on imports of LNG and ensure that energy prices there remain much higher than... 2nd January 2025 · 4 mins read
Commodities Weekly Trump’s social media outburst won’t worry the EU President-elect Trump’s social media outburst warning the EU to buy more US oil and gas won’t cause sleepless nights in Brussels. After all, whereas EU officials might have balked had they been... 20th December 2024 · 4 mins read
Commodities Outlook Weak market fundamentals; geopolitics the wildcard Most energy and industrial metals prices will fall in 2025 as structural headwinds to demand build and supply rises. Geopolitical developments remain a key uncertainty and it is easy to think of... 13th December 2024 · 23 mins read
Commodities Focus Europe waiting for LNG to flow The price of natural gas in Europe was thrust into the spotlight during Europe’s energy crisis and remains a key political and industrial pressure point. In short, we expect natural gas prices in the... 10th December 2024 · 12 mins read
Commodities Chart Pack Commodities Chart Pack (Dec. 24) While Trump's plans to implement tariffs on Canada and Mexico and to raise energy production by 3mn barrels of oil equivalent per day have grabbed headlines, we're doubtful that either will have a... 10th December 2024 · 0 mins read
