Hamad Hussain

Hamad joined Capital Economics in July 2023 as a Climate and Commodities Economist, having previously spent a year on placement at the company as part of his undergraduate degree. He holds a degree in Economics from the University of Surrey.

Climate Economics Monthly

Carbon tax gets docked; renewable outlook dims

The delay to implementing a global carbon tax on shipping emissions – that was described by President Trump as a “scam tax” – is another example of policymakers backsliding on climate ambitions and it...

30th October 2025 5 mins read

Commodities Update

Blowing the full-time whistle on the gold rally

The latest leg of the gold rally looks like a market bubble that is in its final stages. So unlike some analysts, we are revising our forecasts lower and now expect prices to fall to $3,500 per ounce...

27th October 2025 3 mins read

Climate Economics Update

China’s green exports still strong despite trade tensions

China’s green technology exports accelerated in year-on-year terms in September and were close to record high levels. Despite the risks to exports from new rare earth controls and tariffs, the former...

20th October 2025 2 mins read

Commodities Weekly

Oil glut is set to come onshore; precious metals still rallying

The rapid build-up in oil stocks on water suggests that the full impact of previous OPEC+ output increases is yet to be felt and an oil glut may materialise in the coming months. Given that OPEC+ will...

17th October 2025 4 mins read

Climate Economics Focus

The macroeconomic implications of CBAM in the EU

Ahead of the phase-in of the EU’s Carbon Border Adjustment Mechanism (CBAM) from the start of 2026, and the associated phase-out of free carbon permits for EU producers, this Focus assesses the...

15th October 2025 19 mins read

Event

Drop-In: The EU’s looming carbon border tax – what it means for growth, trade and competitiveness

16th October 2025, 3:00PM BST

The EU’s Carbon Border Adjustment Mechanism (CBAM) is coming. Set to begin in 2026, it will require EU importers to pay for the carbon emitted in the production of goods they bring into the bloc –...

Commodities Chart Pack

Commodities Chart Pack (Oct. 2025)

OPEC+ undershoots, copper goes for gold OPEC+’s decision to raise its output quota by 137,000 bpd in November confounded reports of a larger rise in the run-up to the decision and provided short-lived...

8th October 2025 1 min read

Commodities Update

Gold hits $4,000: where to from here?

Given that “FOMO” appears to be creeping into the gold market, it has become even harder to objectively value gold. In our view, gold prices seem likely to grind higher in nominal terms over the next...

8th October 2025 4 mins read

Commodities Outlook

Gold prices to buck the downbeat trend

The most acute geopolitical and tariff-related distortion in commodity markets has eased, leaving fundamentals more firmly in the driver’s seat going forward. While the Russia-Ukraine war still...

24th September 2025 23 mins read

Climate Economics Update

More Chinese-made green tech is heading to the EU

China’s exports of the New Three are still growing at a strong pace as an increase in shipments to the EU is helping to absorb the hit from US tariffs on trade volumes. While there are signs of...

22nd September 2025 2 mins read

Commodities Weekly

Fed rate cuts won’t be a major influence on commodity prices

From a commodity market perspective, the fact that the US Fed is now cutting rates again would usually, all else equal, be expected to boost prices. However, weak market fundamentals and the extent of...

19th September 2025 4 mins read

Commodities Update

Oil market to feel the weight of rising inventories

Low OECD commercial oil inventories have so far provided OPEC+ some cover to raise output, but we suspect that a softening in global demand and increases in OPEC+ supply will lead to commercial oil...

16th September 2025 5 mins read

Event

Commodities Drop-In: Gold at record highs, oil under pressure, OPEC in question

17th September 2025, 3:00PM BST

Gold prices continue to set record highs, oil remains under downward pressure, and OPEC+ is facing renewed questions about its long-term cohesion. Against this backdrop, our Commodities team hosted…

Commodities Update

OPEC+ desire to pump will lead to oil prices falling

OPEC+ seems to be cautiously optimistic on the strength of the oil market as it remains committed to unwinding voluntary output cuts. However, we suspect it will become increasingly clear that the oil...

8th September 2025 4 mins read

Commodities Chart Pack

Commodities Chart Pack (Sep. 2025)

Gold continues to shine, all eyes on OPEC+ There have been several factors supporting gold prices to a record high above $3,500 per ounce, including greater expectations of Fed rate cuts and investor...

4th September 2025 1 min read

Climate Economics Monthly

Climate Monthly: Tackling overcapacity; plastic pact bottled; beef-flation

Overcapacity in China’s solar industry is set to remain a significant concern for policymakers and leading firms – in both China and the West – as the latest plans to address excess production...

27th August 2025 5 mins read