Canada Data Response GDP (Q2 2016) The 1.6% annualised decline in second-quarter GDP was worse than the 1.0% decline anticipated by the Bank of Canada in its July Monetary Policy Report. But Statistics Canada estimates that decline was... 31st August 2016 · 1 min read
Energy Chart Pack Speculation fuels oil price rally The possibility of a new deal between OPEC and some major non-OPEC oil producers to limit supply in September has seen the oil price surge by about 20% this month. However, prices have already started... 31st August 2016 · 1 min read
Europe Data Response Norwegian GDP (Q2) The hit to Norway’s GDP growth from lower oil prices appears to be fading. Nevertheless, with growth still fairly slow and inflation set to fall sharply, we still expect the Norges Bank to loosen... 31st August 2016 · 1 min read
Commodities Weekly Focus shifts to US payrolls Hawkish comments by some Fed officials and a slight strengthening of the US dollar ahead of Janet Yellen’s speech at Jackson Hole on Friday weighed on the prices of most commodities over the past week... 26th August 2016 · 1 min read
Energy Watch What does the rest of the year hold in store for oil prices? Oil prices are now back at around $50 per barrel (for Brent) but they have been volatile over the last few months. Speculation about a deal to freeze output, high stocks and outages in production have... 25th August 2016 · 1 min read
Energy Data Response US Weekly Petroleum Status Report (24th Aug. 16) US crude oil and gasoline inventories rose last week, despite demand remaining relatively strong and production falling. 24th August 2016 · 1 min read
Commodities Weekly Weaker dollar supports commodity prices With a few exceptions, commodity prices have trended higher over the past week. A weaker dollar on the back of the July FOMC minutes showing that Fed officials were divided over the timing of the next... 19th August 2016 · 1 min read
Energy Update Oil price rally based on shaky foundations The recent rally in oil prices has been primarily driven by speculation about a possible deal between OPEC and major non-OPEC producers to freeze production. As a result, we think that prices will... 19th August 2016 · 1 min read
China Chart Pack G20 blues lie ahead Residents of the Yangtze River Delta (YRD) can look forward to unusually clear skies as restrictions on industry to limit pollution ahead of next month’s G20 summit come into effect. According to... 17th August 2016 · 1 min read
Energy Data Response US Weekly Petroleum Status Report (17th Aug. 16) US inventories of crude oil fell last week, driven by strong demand and lower net imports. But increased drilling activity appears to be feeding through into output. 17th August 2016 · 1 min read
Commodities Weekly Oil jumps on output freeze speculation Despite a slightly weaker dollar, the prices of most industrial metals ended the week lower on the back of mixed data out of China. While industrial activity looks to be holding up reasonably well –... 12th August 2016 · 1 min read
Energy Data Response US Weekly Petroleum Status Report (10th Aug. 16) Crude stocks rose again last week, despite drops in production and net oil imports. However, gasoline and distillate fuel stocks eased back. 10th August 2016 · 1 min read
OPEC Watch OPEC production reaches another new record OPEC production reached a new record in July with the Gulf members showing no signs of wanting to limit output. What’s more, the group revised down their estimate of how much non-OPEC output should... 10th August 2016 · 1 min read
Africa Economics Update Angola: Gradual recovery after a painful adjustment Economic growth in Angola is grinding to a halt as the economy adjusts to lower oil prices. Growth will recover in 2017 and 2018, but more gradually than most expect. 9th August 2016 · 1 min read
Energy Update Talks of oil production freeze too little too late We are sceptical that renewed talks of a production freeze by OPEC and other large producers will lead to an actual deal. Even if there is an agreement this time round, we doubt that freezing output... 8th August 2016 · 1 min read
Energy Data Response US Weekly Petroleum Status Report (3rd Aug. 16) Crude oil stocks rose last week, despite production falling and demand from refineries increasing. On the other hand, gasoline stocks fell sharply. 3rd August 2016 · 1 min read
