Middle East & North Africa Chart Pack Saudi Arabia returns to the international bond market Saudi Arabia returned to the international bond market this month in order to plug its twin budget and current account shortfalls. A total of $12.5bn of dollar debt was issued, split into three... 28th September 2017 · 1 min read
Energy Update Oil demand rises as global economy strengthens Global oil demand was given a boost in the second quarter of this year largely due to a stronger global economy. The latest data point to a bright outlook for oil demand over the next year as the... 28th September 2017 · 1 min read
Emerging Europe Economics Focus A primer on Russia’s new fiscal rule In this Focus, we answer five key questions on Russia’s recently-approved fiscal rule, and explain what it means for the government’s deficit, debt and oil funds. 28th September 2017 · 1 min read
Energy Data Response US Weekly Petroleum Status Report A surge in exports and demand from refineries last week helped to draw down crude stocks. We expect these trends to continue which should help to narrow the Brent-WTI spread over the next few weeks. 27th September 2017 · 1 min read
Middle East & North Africa Economics Update Gulf markets get no boost from higher oil prices Financial markets in the Gulf economies have performed poorly in the past few weeks despite the sharp rise in oil prices. Equity markets have actually fallen back and, in some countries, dollar bond... 27th September 2017 · 1 min read
Frontier Markets Wrap Oil price jump fails to lift markets in oil exporters The jump in oil prices, from $51pb at the start of September to around $59pb at the time of writing, should provide a fillip to the large frontier oil economies, such as Saudi Arabia, Nigeria and... 26th September 2017 · 1 min read
Global Economics Update What to make of the recent jump in oil prices The latest rise in oil prices reflects concerns about Kurdish supply and hopes for another extension of OPEC’s output cuts, neither of which may have a lasting influence on prices. But the oil market... 26th September 2017 · 1 min read
Energy Data Response US Weekly Petroleum Status Report Last week’s increase in US crude stocks is mainly due to the lingering impact of Hurricane Harvey. Demand for petroleum products remains reasonably strong, which should help the market rebalance. 20th September 2017 · 1 min read
Commodities Update Will new Chinese crude contracts be a game-changer? A new, yuan-denominated crude futures contract should have no impact on oil prices. The development of more futures contracts makes sense given China’s high consumption of most major commodities and... 19th September 2017 · 1 min read
Energy Data Response US Weekly Petroleum Status Report As we expected crude oil production rebounded last week but many refineries remained shut, swelling crude stocks and pulling down gasoline inventories. Next week’s report should show a significant... 13th September 2017 · 1 min read
Energy Update OPEC open to extending output deal OPEC has recently been hinting that it may prolong its production cuts. However, some members are planning to increase output next year and compliance with the current agreement will probably have to... 13th September 2017 · 1 min read
OPEC Watch Lower OPEC production likely to be temporary OPEC production fell last month, but early indicators suggest that it is likely to rebound in September. Unless output falls significantly over the next six months, stocks will remain above their five... 12th September 2017 · 1 min read
Asia Chart Pack Will tougher sanctions on North Korea work? The United Nations has agreed a new set of sanctions on North Korea, which while falling short of what was originally demanded by the US, constitute the strongest sanctions ever imposed on the country... 12th September 2017 · 1 min read
Energy Data Response US Weekly Petroleum Status Report Refinery shutdowns due to Hurricane Harvey caused a surge in crude oil stocks but a slump in gasoline inventories last week. Stocks are likely to be exceptionally volatile over the next month. 7th September 2017 · 1 min read
Energy Data Response US Weekly Petroleum Status Report A sharp drop in imports and jump in demand from refineries helped to drain stocks last week. But the market’s focus remains on the impact of Hurricane Harvey. 30th August 2017 · 1 min read
Energy Update Brent-WTI spread likely to narrow Higher crude exports, falling stocks and the return of refineries shuttered by Hurricane Harvey should all help to boost WTI prices and narrow the Brent-WTI spread over the rest of the year. 29th August 2017 · 1 min read
