Commodities Update Will copper continue to underperform oil? We expect the recent under-performance of copper prices relative to oil to be reversed over the remainder of the year. Oil prices have been boosted by supply outages which should prove temporary... 13th May 2016 · 1 min read
Africa Economics Update Nigeria: FX comments, fuel price hikes offer hints of reform The vice president’s comments regarding a possible change to Nigeria’s currency regime suggest that policy elites may not be as opposed to a devaluation as many believe. Claims that Nigeria’s fuel... 12th May 2016 · 1 min read
Energy Update European gas prices will undershoot oil price recovery We are forecasting that the price of Brent Crude will reach $60 per barrel by the end of next year, but there are several reasons why we do not expect European natural gas prices to experience a... 12th May 2016 · 1 min read
Energy Data Response US Weekly Petroleum Status Report A sharp increase in demand for crude from refineries helped to reduce the amount of crude in storage last week. 11th May 2016 · 1 min read
Energy Update Oil production outages supporting prices, for now Disruptions to oil output around the world have put the brakes on the slide in oil prices since the beginning of this month. However, these production outages should only be temporary. When output is... 10th May 2016 · 1 min read
Energy Watch Oil price rally could be sowing seeds of its own destruction The recent rally in oil prices has been stronger than even we had anticipated. However, prices have already fallen back slightly from their recent peak and we would not be surprised to see some... 5th May 2016 · 1 min read
Energy Data Response US Weekly Petroleum Status Report US crude stocks rose again last week despite US oil production experiencing its largest weekly decline this year, and a rise in inputs to refineries. 4th May 2016 · 1 min read
Commodities Chart Pack It’s all about the dollar Commodity prices rose again in April on a combination of persistent weakness in the US dollar and investor optimism about a recovery in Chinese demand. While our long-held view has been that... 3rd May 2016 · 1 min read
Energy Chart Pack Oil leads the way up Oil prices continued to rally in April as sentiment improved further on the back of hopes that the oil market will rebalance later in the year. Indeed, better economic data out of China supported the... 29th April 2016 · 1 min read
Commodities Outlook Medium-term prospects remain bright The recent rebounds in many commodity prices have been stronger than even we had anticipated and may be premature. We would not therefore be surprised – or that worried – to see some temporary pull... 29th April 2016 · 1 min read
Energy Data Response US Weekly Petroleum Status Report US crude stocks rose again last week despite a slump in net-imports and another small decline in US oil production. 27th April 2016 · 1 min read
Emerging Europe Chart Pack Oil rally helps to lift pessimism over Russia Some of the gloom surrounding Russia’s economy seems to have lifted over the past month. The rise in oil prices has triggered a rally in local financial markets – the ruble is up by 12% against the... 25th April 2016 · 1 min read
Commodities Weekly Investor enthusiasm drives prices higher The prices of almost all commodities have risen this week, fuelled by the ongoing improvement in investor sentiment and renewed weakness in the US dollar. The rally in oil prices was perhaps somewhat... 22nd April 2016 · 1 min read
Energy Update Will Saudi Arabia flood the oil market again? Looking beyond the headlines from the failed deal in Doha over the weekend there are two interesting points which are worth considering. First, the suggestion that Saudi Arabia could turn on the taps... 21st April 2016 · 1 min read
Global Markets Update Rebound in oil prices is indeed a game-changer The recovery in oil prices has now taken Brent above our end-2016 forecast of $45 per barrel. We would not be surprised to see the rally pause for breath soon, but remain comfortable with our view... 21st April 2016 · 1 min read
Middle East & North Africa Economics Update Rebound in oil prices supports Gulf financial markets Financial markets across the Gulf have performed well over the past month, supported by the continued recovery in oil prices. Meanwhile, Egyptian markets have been buoyed by last month’s decision by... 21st April 2016 · 1 min read
