Energy Data Response US Weekly Petroleum Status Report US crude oil stocks rose last week, driven by a drop in refinery inputs. What’s more, despite lower refinery production, there was another large jump in gasoline stocks. However, demand for oil... 21st January 2016 · 1 min read
Global Markets Update Japanese equities ripe for a rebound In the light of the recent turmoil we are revising our forecasts for Japan’s currency and equity prices. Nonetheless, we continue to expect a combination of better news from China, a partial recovery... 21st January 2016 · 1 min read
Europe Commercial Property Update Will falling oil and equity prices undermine European property? Fears about China, as well as plunging oil and equity prices, have dominated the start of 2016. However, we believe that concerns over China are overstated and that oil prices will begin to recover... 21st January 2016 · 1 min read
Middle East & North Africa Economics Update Would the Gulf benefit from currency devaluation? The latest drop in oil prices has intensified speculation that the Gulf economies might abandon their dollar pegs but there remain good reasons to think that this would achieve little in terms of... 21st January 2016 · 1 min read
Energy Update Could Saudi Arabia spring a surprise output cut? Saudi Arabia has been willing and able to weather an extended period of low oil prices in order to squeeze out higher cost producers in the US, while perhaps also gaining some satisfaction from the... 20th January 2016 · 1 min read
Commodities Update Commodities caught in global markets' turmoil A downturn in China’s equity market since the start of the year and concerns about the country’s economic growth prospects reignited turmoil in global markets and dragged commodity indices lower. In... 20th January 2016 · 1 min read
Energy Update Could Saudi Arabia spring a surprise output cut? Saudi Arabia has been willing and able to weather an extended period of low oil prices in order to squeeze out higher cost producers in the US, while perhaps also gaining some satisfaction from the... 20th January 2016 · 1 min read
US Data Response Consumer Prices (Dec.) Consumer prices fell by 0.1% m/m in December, principally thanks to a 4.0% m/m decline in gasoline prices and, with crude oil prices now below $30 a barrel, we can expect even bigger falls in the... 20th January 2016 · 1 min read
OPEC Watch OPEC production dips in December OPEC production slipped in December, led by Saudi Arabia and Nigeria, but the group’s output is still near record highs. Even though demand is set to grow by over 1m bpd this year and non-OPEC supply... 18th January 2016 · 1 min read
Energy Update Lifting of Iran sanctions not a game-changer for oil Confirmation that Western sanctions linked to Iran’s nuclear programme are to be lifted might be expected to add to the downward pressure on oil prices, but there are three main reasons why the impact... 18th January 2016 · 1 min read
Africa Economics Update Nigeria: Policy response pushes economy towards crisis Low oil prices are battering Nigeria’s export-dependent economy. But it’s the government’s market-distorting response that risks pushing the country into a Venezuela-style crisis. 18th January 2016 · 1 min read
Middle East & North Africa Economics Update Iran sanctions relief: assessing the impact Sanctions relief should support a revival of Iran’s economy and a short period in which it enjoys growth of as much as 6-8%. But there is unlikely to be much impact on the rest of the region, either... 18th January 2016 · 1 min read
Commodities Weekly Oil price slide increases chances of a V-shaped rebound After another poor start, the prices of industrial commodities ended the week on the up. The main positives were hints of additional monetary policy support from the ECB and the absence of any more... 15th January 2016 · 1 min read
Energy Update How low can oil prices go? Brent’s renewed slide below $30 per barrel today has led to another wave of speculation about how much further oil prices could fall. For some time our view has been that the near-term risks are... 15th January 2016 · 1 min read
UK Economics Update Deflation Watch: Lower oil prices won’t reverse inflation’s return December’s consumer prices figures should confirm that the UK’s brief period of deflation is over, by showing the second consecutive month of positive CPI inflation. What’s more, the recent further... 15th January 2016 · 1 min read
Africa Economics Update Nigeria: Fuel subsidy issue still unresolved Reports of the end of Nigeria’s costly fuel subsidy scheme are greatly exaggerated. We expect that fuel distributors will require another costly bailout in 2016, which will add to Nigeria’s wide... 15th January 2016 · 1 min read
