Energy Update JODI Energy Demand Monitor (Dec. & Jan.) JODI data on global oil and natural gas consumption reveal that global energy demand remained in the doldrums around the turn of the year. We suspect a recovery in natural gas demand is more likely to... 6th April 2023 · 3 mins read
Commodities Outlook The energy crisis is over, but prices to stay elevated We expect most commodity prices to drift lower in the near term as advanced economies enter mild recessions and financial market risk aversion persists. A stronger US dollar will also weigh on prices... 31st March 2023 · 41 mins read
Energy Update Clean tech race to hit EU coal and gas demand The EU’s Net-Zero Industry Act announced last week aims to keep the manufacture of clean technologies within the EU and shows that global fracturing will take place within blocs as well as between... 24th March 2023 · 4 mins read
Energy Update Henry Hub prices to be rising by end-2023 US natural gas prices have plummeted recently amid subdued demand and elevated stocks. However, demand is expected to revive this year and next, which will put upward pressure on prices. 22nd March 2023 · 2 mins read
Energy Update JODI Energy Demand Monitor (Nov. & Dec.) JODI data on global oil and natural gas consumption show that global energy demand was weak in late 2022. China’s rapid reopening will likely boost demand for both. But plenty of downside risk remains... 8th March 2023 · 4 mins read
Industrial Metals Update Europe metals supply battered, but not entirely broken The sharp fall in European electricity prices sets the stage for a recovery in metals output across the region. As power prices are still historically high and unlikely to fall that much further... 22nd February 2023 · 4 mins read
Commodities Weekly All eyes on US data next week It was a fairly quiet week in commodities markets, although oil prices rose on concerns about earthquake-related disruption to exports from the Turkish port of Ceyhan and Russia’s announcement of a 0... 10th February 2023 · 6 mins read
Emerging Europe Economics Focus CEE’s energy crisis: looking beyond this winter The energy crisis in Central and Eastern Europe has lost some of its bite as natural gas prices have slumped and countries have made good progress in replacing Russian energy supplies. This has... 6th February 2023 · 25 mins read
Energy Update French nuclear won’t reduce EU gas demand Output from France’s beleaguered nuclear industry jumped last month, raising hopes that a recovery is underway. However, we think any increase in France’s nuclear output this year is likely to be... 17th January 2023 · 2 mins read
Commodities Weekly New year, same trends Most commodity prices declined this week, with energy prices falling especially sharply. Unseasonably mild weather in Europe and the US weighed on heating demand, prompting a plunge in gas prices. The... 6th January 2023 · 6 mins read
Energy Update A lower gas price forecast, but prices to stay high European natural gas prices have halved over the past month as usage stayed low and LNG imports hit record highs. Barring dramatically colder weather, EU gas storage looks set to be in a more... 6th January 2023 · 2 mins read
Europe Economics Update What lower gas prices mean for the euro-zone We have revised our European wholesale gas price forecast down and, as a result, now expect euro-zone inflation to fall more rapidly than we had previously anticipated. In turn, this means that real... 5th January 2023 · 3 mins read
Commodities Weekly All eyes will remain on China It was a fairly quiet week in commodity markets. The only notable move was a slump in natural gas prices. The EU eventually agreed its long-discussed natural gas price cap early in the week, but it... 23rd December 2022 · 6 mins read
Europe Economics Weekly Gas price ceiling, new year forecasts The ceiling on gas prices agreed in principle by the EU this week is unlikely to have any practical impact. The big picture is that gas prices look set to remain very high next year. The key release... 22nd December 2022 · 9 mins read
Event The World in 2023 - What to Expect in Financial and Commodity Markets 1673424000 Group Chief Economist Neil Shearing held this special 20-minute online briefing with Chief Markets Economist John Higgins and Chief Commodities Economist Caroline Bain on the outlook for financial