Energy Update What are the prospects for Latin American oil? Declining output of crude in Latin America is one factor supporting our view that the global oil market will return to balance on a more sustainable basis by the end of 2016. That said, we think it is... 27th May 2016 · 1 min read
Africa Economics Update Nigeria: Analysing President Buhari’s first year The fall in global oil prices made an economic slowdown in Nigeria inevitable. But the country’s current crisis is largely self-inflicted. Government policy has made a bad situation much worse. 27th May 2016 · 1 min read
Global Economics Update Five quick points on Brent at $50 The recovery in oil prices should be a net positive for the global economy but is not without its downsides, including the support it might provide to the hawks at the Fed. 26th May 2016 · 1 min read
Energy Data Response US Weekly Petroleum Status Report A slight easing of refinery demand was overshadowed by a sizable drop in net oil imports which weighed on the level of US crude inventories last week. 25th May 2016 · 1 min read
India Chart Pack PM Modi's first two years end on a high note Two years on from his inauguration, Prime Minister Narendra Modi has arguably just enjoyed his most successful month in office. For a start, PM Modi's BJP secured two important legislative victories... 25th May 2016 · 1 min read
Commodities Weekly Fed jitters take some of the steam out of the rally Commodity prices fell back in the past week after the release of the minutes from the April FOMC signalled that US interest rates could yet rise as soon as next month. The markets are still only... 20th May 2016 · 1 min read
Energy Chart Pack Supply disruptions fuel oil price rally Oil prices have continued to rally over the last month, especially the US benchmark WTI, which has been boosted by the disruptions to supply in Canada. Indeed, these outages have more than offset the... 20th May 2016 · 1 min read
Energy Watch What to expect from next month’s OPEC meeting The next meeting of the Organisation of the Petroleum Exporting Countries (OPEC), on 2nd June, is unlikely to be as interesting as the previous one in December, when the group decided to effectively... 19th May 2016 · 1 min read
Energy Data Response US Weekly Petroleum Status Report A further increase in demand for oil from refineries and Canadian supply constraints were insufficient to reduce the level of crude inventories last week. 18th May 2016 · 1 min read
US Data Response Consumer Prices (Apr.) & Ind. Prod (Apr.) The 0.4% m/m increase in consumer prices was the biggest gain since February 2013 and reflects primarily a strong rebound in energy prices. More generally, the rebound in commodity prices we’ve seen... 17th May 2016 · 1 min read
Commodities Update Investors remain broadly positive Commodity price indices have risen in the last month, encouraged by the rally in oil prices. Although we are positive on the medium-term outlook for industrial commodity prices, we would caution that... 17th May 2016 · 1 min read
Commodities Update Three reasons to be wary of the latest surge in oil prices The continued recovery in the price of crude oil has lifted Brent close to $50 per barrel, prompting a wave of positive headlines and upward revisions to analysts’ forecasts. However, for now we are... 16th May 2016 · 1 min read
Africa Economics Update Nigeria: Oil disruptions add to economic woes The sharp fall in Nigeria’s oil production could, if sustained, shave more than 1%-pt off GDP growth this year. Lower oil output will also add to the country’s fiscal and current account problems. 16th May 2016 · 1 min read
OPEC Watch Latest OPEC Report offers no surprises Although OPEC production rose last month, the increase was contained by numerous supply disruptions. This suggests that, once the outages have been resolved, output will grow more strongly, as... 13th May 2016 · 1 min read
Commodities Weekly Oil up on supply outages, metals down on demand fears The stronger US dollar and renewed concerns about the robustness of the credit-led recovery in China’s economy weighed on metals prices this week. However, oil benefited from the disruptions to supply... 13th May 2016 · 1 min read
Commodities Watch Commodities Watch - WASDE more bearish than bullish for agriculturals In this new monthly publication, we intend to focus on key developments in agricultural commodities as well as draw on the more in-depth analysis from our Energy and Metals services. This month, we... 13th May 2016 · 1 min read
