Energy Data Response US Weekly Petroleum Status Report US crude oil stocks jumped last week, driven by a flood of imports, a small uptick in production and a decrease in demand from refineries. 2nd November 2016 · 1 min read
Commodities Weekly Commodities looking for direction It was a relatively quiet week in commodity markets but the price of oil took a tumble as investors swung round to our more sceptical view on OPEC’s ability to reach an agreement on curbing production... 28th October 2016 · 1 min read
Energy Watch Would an OPEC production cut make a difference? The prospect of the first OPEC production cut since 2009 has sent oil prices back above $50 per barrel, although they have slipped a bit recently as the potential deal shows signs of unravelling... 27th October 2016 · 1 min read
Energy Data Response US Weekly Petroleum Status Report (26th Oct. 16) US crude oil stocks fell last week as demand from refineries picked up. However, a rise in production and an uptick in imports meant the decline in stocks was only small. 26th October 2016 · 1 min read
Energy Update Renewed drive for energy efficiency to cap oil demand and prices The fall in oil prices over the last two years may explain why the efficiency of oil use is growing more slowly than before 2014, especially in non-OECD economies. However, government regulation and a... 26th October 2016 · 1 min read
India Chart Pack Core price pressures remain elevated Much of the focus both before and after the RBI’s decision to cut the repo rate by 25bp (to 6.25%) in early October has been on the sharp fall in headline inflation over the past couple of months. But... 25th October 2016 · 1 min read
Emerging Markets Trade Monitor EM exports recover as commodity prices stabilise South Africa’s manufacturing PMI fell dramatically last month. The sharp fall in the measure of future conditions suggests that hopes of a swift improvement in the country’s economic and political... 24th October 2016 · 1 min read
Commodities Weekly Commodities pause for breath Most commodity prices were little changed this week despite strong activity data from China. Indeed, the only industrial metals to record gains were tin and lead whose prices were buoyed by ongoing... 21st October 2016 · 1 min read
Energy Data Response US Weekly Petroleum Status Report Crude oil and gasoline stocks diverged last week with a large drop in net-imports dragging crude stocks down and a fall in demand helping gasoline inventories build. 19th October 2016 · 1 min read
Commodities Update Industrials looking vulnerable to a turn in sentiment Commodity prices have generally risen in the last month, despite a further appreciation of the US dollar. That said, the likelihood of a US interest rate hike before end-2016 weighed on precious... 19th October 2016 · 1 min read
Middle East & North Africa Economics Update Saudi Arabia to ease pace of austerity in 2017-18 Saudi Arabia’s upcoming international bond issuance and the recent OPEC agreement have put the spotlight back on to the country’s adjustment to low oil prices. One point that is often overlooked is... 18th October 2016 · 1 min read
Commodities Weekly US dollar appreciation constrains prices The prices of most industrial commodities fell this week, as the US dollar continued to appreciate. Doubts about whether OPEC’s plans for an output quota will lead to any meaningful cuts to supply... 14th October 2016 · 1 min read
Energy Data Response US Weekly Petroleum Status Report (13th Oct. 16) The negative impact on prices of a large rise in crude inventories was more than offset by sharp falls in stocks of gasoline and distillates as refinery utilisation dipped again. 13th October 2016 · 1 min read
OPEC Watch OPEC production ramps up as Nigeria and Libya return OPEC production rose in September as Libya and Nigeria ramped up exports. Saudi Arabia’s output did fall, but this is likely to be a seasonal effect rather than a policy shift. 12th October 2016 · 1 min read
Energy Update What might the US election mean for energy commodities? The initial uncertainty created by what would now be a shock win for Donald Trump in November’s US presidential election would surely be negative for the prices of industrial commodities, including... 12th October 2016 · 1 min read
Global Economics Update Fallout from higher oil prices (mostly) good news The recovery in oil prices is a mixed blessing for global growth. We estimate that the contribution of energy costs to annual CPI inflation in the advanced economies will flip from an average of minus... 11th October 2016 · 1 min read
