CE Spotlight Securing raw materials in a fractured world China’s dominance in the supply of some key materials needed for the green transition means that US-aligned governments will continue efforts to secure supplies from “friendly” sources, which could... 6th October 2022 · 14 mins read
Commodities Weekly OPEC+ looks set to agree a cut to output quotas The US dollar completed a round trip this week, continuing its relentless rise against most currencies early in the week, but then started to fall back from Wednesday afternoon and is now a touch... 30th September 2022 · 6 mins read
Commodities Weekly Demand fears trump supply fears, for now Most commodity prices plunged this week on the back of monetary tightening by many major central banks, including the Fed, and an appreciation of the US dollar. There is still considerable uncertainty... 23rd September 2022 · 6 mins read
Metals Data Response Global Steel Production (Aug.) A pick-up in supply from China boosted global steel production in August. However, with economic activity starting to slow and high energy costs across the world, the outlook is for steel production... 22nd September 2022 · 2 mins read
Energy Data Response US Weekly Petroleum Status Report US commercial stocks rose for the third successive week in part due to a bounce back in imports, but also subdued domestic demand. The backdrop of rising interest rates and still-high prices suggest... 21st September 2022 · 2 mins read
Commodities Weekly Fed tightening presents a difficult backdrop for prices Most commodity prices have struggled to make gains since the US August CPI data were published on Tuesday. The unexpectedly strong reading prompted a rise in Treasury yields and US dollar appreciation... 16th September 2022 · 6 mins read
Commodities Chart Pack Constrained supply to limit the falls in energy prices Energy prices have been falling recently as concerns about weaker demand took centre-stage, but we expect constrained supply to put a floor under prices in the coming months. By contrast, we expect... 14th September 2022 · 14 mins read
Energy Data Response US Weekly Petroleum Status Report US commercial stocks rose, despite a fall in net imports and a rise in refinery activity. Although export demand remains strong, domestic demand is weak, probably reflecting falling real incomes. 14th September 2022 · 2 mins read
Commodities Weekly Energy supply concerns take a back seat… for now Energy markets took centre stage this week as demand concerns outweighed supply concerns, dragging prices down. Even the decision by OPEC+ on Monday to cut oil output quotas for October by 100,000 bpd... 9th September 2022 · 6 mins read
Commodities Update China’s trade data show persistently weak oil demand Commodity import volumes generally held up well in August, with the exception of crude oil imports. As long as China continues with pandemic-related lockdowns, oil demand is likely to remain weak. 7th September 2022 · 2 mins read
Energy Rapid Response OPEC+ symbolic cut will have no impact on supply 5th September 2022 · 1 min read
Commodities Rapid Response OPEC+ symbolic cut will have no impact on supply 5th September 2022 · 1 min read
Commodities Weekly Supply concerns take a back seat, for now Growing fears about demand hit all commodity groups hard this week as China tightened restrictions in response to renewed virus outbreaks. Energy prices took a big leg down from their highs reached... 2nd September 2022 · 6 mins read
Commodities Weekly Natural gas and coal prices to stay higher for longer We’ve raised our near-term natural gas and coal price forecasts across the board this week to account for the recent slump in Russian natural gas exports to Europe, the likelihood that those exports... 26th August 2022 · 6 mins read
Energy Data Response US Weekly Petroleum Status Report US commercial crude stocks fell again this week, despite a chunky release from the strategic reserve. Elsewhere, there was a large weekly decline in implied product demand. It appears that the fall in... 24th August 2022 · 2 mins read
