Energy Update Biden, Xi and energy market scenarios The US and China once again backed the G20 goal of tripling global renewable energy capacity this week (from 2020), a goal which would help to keep the path to net zero emissions by 2050 on track... 17th November 2023 · 3 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
Green Transition Chart Pack Green Transition Chart Pack (Oct. 2023) Our Green Transition Chart Pack has been updated with the latest data and our analysis of recent developments. 2023 is on track to be the warmest year on record, but somewhat ominously the headwinds... 19th October 2023 · 1 min read
Energy Market Faces Upside Risks if Israel Conflict Escalates While neither Israel nor the Palestinian territories are major oil producers, “a further escalation in fighting such as a Gaza ground war will risk drawing other regional actors into the conflict... 18th October 2023 · Wall Street Journal
Industrial Metals Update Cobalt prices to drift lower through 2024 Cobalt is likely to keep its position as a leading battery metal for years to come, but its high cost compared to alternative metals means that cobalt demand won’t grow as fast as overall battery... 13th October 2023 · 4 mins read
Commodities Update China's commodity demand remains rock solid China imported fewer key commodities in September than in August, but its underlying demand for commodities, especially fossil fuels, remains strong and is only likely to strengthen from here. 13th October 2023 · 2 mins read
European gas prices soar on global supply disruption fears “Gas prices have risen due to lower supply, but, arguably more importantly, risks to supply,” said Edward Gardner, a commodities economist at Capital Economics, in a note on Thursday. “Perhaps the... 13th October 2023 · Financial Times
Energy Update Middle East instability threatens regional LNG exports The conflict between Hamas and Israel will negatively affect Israel’s natural gas exports. However, the bigger concern for global natural gas prices is the risk of the conflict spreading. In view of... 12th October 2023 · 2 mins read
Energy Update Oil market implications of Hamas-Israel conflict First and foremost, the renewed fighting between Hamas and Israel since the weekend is a humanitarian tragedy. In this note, we discuss three specific risks to regional oil supply going forward. The... 9th October 2023 · 3 mins read
Commodities Weekly Few commodities spared from this week's sell-off It has been a week of declines for most commodity prices, as commodities were caught up in the more widespread selling of financial assets. Crude oil prices were among the hardest hit, whereas... 6th October 2023 · 4 mins read
Commodities Update China’s latest PMIs are positive for commodities The latest above-50 readings in China’s PMIs are consistent with our view that China’s demand for commodities will remain solid in the second half of this year, but not grow strongly. 2nd October 2023 · 2 mins read
Commodities Outlook Looser monetary policy to support prices in 2024 We expect most commodity prices to struggle over the rest of this year as developed economies flirt with recession, the US dollar remains strong and investor risk appetite moderates. That said, we... 26th September 2023 · 28 mins read
Metals Data Response Global Steel Production (Aug.) The slowdown in global steel production in August is consistent with our long-held view that slowing demand will weigh on production in the second half of this year. Weakening demand stems from... 25th September 2023 · 2 mins read
Commodities Weekly Russia fuel export ban will temporarily lift crude prices Most commodity prices fell this week as the Federal Reserve left the door open to another interest rate hike before the end of the year, and indicated that rates will remain higher for longer. Russia... 22nd September 2023 · 4 mins read
Precious Metals Update Gold price has further to fall by year-end Based on our view that US economic growth will prove resilient, despite the rise in interest rates, and that US inflation will ease, we expect the gold price to fall to $1,800 per ounce by year-end. 15th September 2023 · 2 mins read
Commodities Chart Pack Commodities Overview Chart Pack (Sep. 2023) Prices will remain buffeted by weak global economic growth and a strong dollar, at a time of mounting supply risks and some policy stimulus in China. These conflicting pressures suggest that prices... 8th September 2023 · 1 min read
