JODI Energy Demand Monitor

JODI Energy Demand Monitor

JODI data on global oil and natural gas consumption paint a nuanced picture of global energy demand. While oil demand growth slowed towards the end of last year, consumption of natural gas was...

29th January 2024 · 4 mins read

Commodities Weekly

LNG frozen out of Red Sea, but gas prices to fall further

Natural gas prices fell sharply this week, despite Qatar's decision to avoid sending LNG tankers through the Red Sea. We think the relative calm in the natural gas market reflects the fact that gas...

19th January 2024 · 4 mins read

Energy Update

Energy prices are not that high in real terms

Energy prices seem historically high at first glance. However, that is not strictly the case. After adjusting for inflation, oil and US natural gas prices are already at or below pre-pandemic levels...

19th January 2024 · 3 mins read

Commodities Weekly

Middle East tensions to keep a floor under oil prices

The Middle East continued to be the focus of commodity markets, although most prices ended the week either flat or lower. That said, the escalation of Houthi attacks on shipping and subsequent...

12th January 2024 · 4 mins read

Commodities

Commodities Overview Chart Pack (Jan. 2024)

Our Commodities Overview Chart Pack has been updated with the latest data and our analysis of recent developments. We think the big declines in energy prices are now behind us. Oil prices will remain...

5th January 2024 · 0 mins read

Energy Chart Pack

Energy Chart Pack (Jan. 2024)

Our Energy Chart Pack has been updated with the latest data and our analysis of recent developments. Energy prices will fall in 2024, although we think the big falls are now behind us. Supply has not...

4th January 2024 · 1 min read

Commodities Weekly

Commodities wrapped; shipping chaos; OPEC frictions

While the robusta price had the largest gain this week (~11%) due to ongoing drought and dry conditions in Vietnam and Brazil, the rebound in oil prices captured most of the attention, as this was...

22nd December 2023 · 5 mins read

Commodities Update

COP28 & long-run energy demand

The high profile announcements from COP28 around renewable capacity pledges and fossil fuel usage are ambitious, but strike us as either overly optimistic or vague. While we think renewable energy...

21st December 2023 · 4 mins read

Commodities Update

A perfect storm at sea

The attacks in the Red Sea are the third major disruption to maritime transport this year, alongside low water levels in the Panama Canal and collapse of the Black Sea Grain Deal. Much will depend on...

19th December 2023 · 4 mins read

Commodities Outlook

Metals to benefit in 2024 from green transition

We expect most commodity prices to rise in 2024 as major central banks loosen monetary policy and economic activity starts to pick up. Meanwhile, China’s policymakers have taken steps to support the...

15th December 2023 · 31 mins read

Energy Update

Flood of LNG supply will push EU gas prices down

Europe’s natural gas price will continue its downward trend in 2024-25 as more LNG supply enters the market. And while there may be some recovery in demand as prices fall, we think there has been a...

8th December 2023 · 3 mins read

Commodities Weekly

Another sour week for oil, precious metals to shine

Gold and silver prices soared this week on renewed optimism that the Fed had hiked to the peak of its monetary policy mountain. We expect prices to rise further when interest rates begin to be cut...

17th November 2023 · 5 mins read

Middle East & North Africa Economics Weekly

Saudi’s Civil Code, Saudi solar & nuclear, Egypt-Israel gas

Saudi Arabia’s new Civil Code should help to remove some of the uncertainty in commercial law and marks another step on the path to raising foreign investment. Meanwhile, a new raft of solar projects...

16th November 2023 · 7 mins read

Commodities Chart Pack

Commodities Overview Chart Pack (Nov. 2023)

Our Commodities Overview Chart Pack has been updated with the latest data and our analysis of recent developments. Energy and precious metal prices will remain volatile while there is a risk that the...

3rd November 2023 · 1 min read

Energy Chart Pack

Energy Chart Pack (Nov. 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. The Israel-Hamas...

3rd November 2023 · 1 min read