Canada Economics Weekly Energy production other shoe to drop Despite the rebound in oil prices this year, domestic energy producers don’t appear to believe in a sustainable recovery judging by the further decline in oil & gas drilling rig activity. Falling... 10th June 2016 · 1 min read
Energy Update Nigerian oil output disruptions are another wildcard for prices It is likely that further disruptions to Nigerian oil output over the next few weeks and months will continue to support oil prices, even as production from Canada returns. 9th June 2016 · 1 min read
Energy Data Response US Weekly Petroleum Status Report US crude oil inventories fell for the third week in a row last week thanks to lower net imports and stronger refinery demand. Notably, overall production rose on the week. 8th June 2016 · 1 min read
Energy Update Weather forecasts heat up US natural gas prices Forecasts of an abnormally hot summer should continue to see strong demand for electricity supporting US gas prices. But high production and stocks will limit the upside. 8th June 2016 · 1 min read
Energy Update Rally in coal prices likely to be smothered We think that despite the recent optimism that the worst may be over for coal prices, the ongoing structural decline in demand over the next few years will probably lead to a renewed fall in prices. 7th June 2016 · 1 min read
Europe Economics Update Rise in oil prices not all positive for Norway The recent rise in oil prices will provide some short-term support to the Norwegian economy, but the associated strengthening of the krone will hinder the economy’s rebalancing away from oil. We... 6th June 2016 · 1 min read
US Economics Update GDP growth will benefit from oil price rebound The recent rally in oil prices is a positive for the US economy insofar as it confirms that the drag from falling mining investment will fade by the second half of the year. And with households having... 6th June 2016 · 1 min read
Nordic & Swiss Economics Update Rise in oil prices not all positive for Norway The recent rise in oil prices will provide some short-term support to the Norwegian economy, but the associated strengthening of the krone will hinder the economy’s rebalancing away from oil. We... 6th June 2016 · 1 min read
Commodities Weekly When bad news is good news… Metals prices bounced on Friday, led by silver, gold and copper, as the downbeat US payrolls report quashed expectations of a summer rate hike by the Fed and dragged the dollar lower again. This... 3rd June 2016 · 1 min read
Energy Data Response US Weekly Petroleum Status Report US crude oil inventories slipped again last week as production continued to fall. Gasoline inventories were also dragged lower by strong demand. 2nd June 2016 · 1 min read
Emerging Europe Economic Outlook Regional growth to strengthen as Russia exits recession Growth in Emerging Europe is set to strengthen over the next few quarters, helped in part by the fact that the drag from Russia will ease as it exits recession. However, while the acute stage of... 2nd June 2016 · 1 min read
Middle East & North Africa Chart Pack Few surprises expected at OPEC meeting This week’s OPEC meeting in Vienna is likely to pass without any major surprises. Policymakers should be a little happier heading into the meeting than they were at the previous one in December –... 31st May 2016 · 1 min read
Africa Chart Pack Nigeria: Crisis escalates The situation in Nigeria has deteriorated significantly over the past month. The latest national accounts figures show that the economy contracted by 0.4% y/y in Q1, a much worse outcome than had been... 30th May 2016 · 1 min read
Middle East & North Africa Economics Update Gulf equity markets stumble, despite oil rally Equity markets across the Gulf have struggled over the past month, in spite of a further recovery in oil prices. At the same time, speculation has increased that Saudi Arabia will devalue the riyal... 30th May 2016 · 1 min read
Commodities Weekly Rising oil doesn’t necessarily lift all prices Oil prices have continued to recover, with Brent at least briefly topping $50, but this positivity was not replicated across the board. Indeed, the recovery in oil probably contributed to the weakness... 27th May 2016 · 1 min read
Canada Economics Weekly Q2 slowdown isn’t just about Alberta wildfires After a strong start to the year, the economy likely ended the first quarter badly and we now believe that it shrank significantly this quarter, partly because of significant disruptions to oil... 27th May 2016 · 1 min read
