Energy Data Response US Weekly Petroleum Status Report Today’s data provide the best evidence yet that US oil stocks are at least levelling out and maybe about to start to trend lower. What’s more, the data also showed a further increase in demand and... 6th May 2015 · 1 min read
Europe Chart Pack Euro-zone outperformance will be short-lived The euro-zone economy looks likely to have outgrown both those of the US and UK in the first quarter of the year, for the first time since Q1 2011. But the outperformance looks set to be short-lived... 6th May 2015 · 1 min read
Commodities Chart Pack Industrial commodities lead the pack Some weakness in the US dollar and hope for a delay to the first US interest rate hike helped to support commodity prices in April. Meanwhile, although Chinese economic data showed persistent weakness... 1st May 2015 · 1 min read
Energy Update Non-OPEC & non-US oil production holding up, for now Oil production outside the US and OPEC has been barely affected by the dramatic slump in prices over the last year. However, the effects of lower oil prices are likely to make themselves felt... 30th April 2015 · 1 min read
Energy Data Response US Weekly Petroleum Status Report Today’s data provide more evidence that the growth in US oil stocks is starting to slow, although it will still be some time before stocks actually fall. 29th April 2015 · 1 min read
Commodities Outlook Turning the corner The (largely positive) views set out in our first quarterly of 2015 have mostly been proved right. We continue to believe that this will be a year of recovery for commodity prices as a whole... 28th April 2015 · 1 min read
Energy Update US rig count continues to drop Another large fall in the US active rig count last week has disappointed those who had hoped it was stabilising. But they probably won’t have to wait too much longer to see a floor. 28th April 2015 · 1 min read
Global Central Bank Watch Has the threat of deflation passed already? Signs that price pressures have picked up a bit during the past month or two have prompted some to suggest that the threat of deflation has vanished almost as suddenly as it appeared. We disagree. In... 27th April 2015 · 1 min read
Commodities Weekly Relative calm unlikely to last In a relatively quiet week, oil prices consolidated their recent gains as the consensus swung round to our view that the lows recorded in Q1 would prove to be the turning point. However, powerful... 24th April 2015 · 1 min read
Energy Watch Return of Iranian oil unlikely to budge Saudi Arabia The recent deal between Iran and the West means that it is now very likely that substantial volumes of oil from Iran will return to the market. (We do note that although a final deal is not guaranteed... 23rd April 2015 · 1 min read
Middle East & North Africa Chart Pack Region’s politics take another twist The conflict in Yemen and an outline nuclear agreement between Iran and the West has thrust the region’s politics back into the spotlight. Although it looks like problems in Yemen are likely to drag... 23rd April 2015 · 1 min read
Energy Data Response US Weekly Petroleum Status Report Today’s data provide more evidence that US oil production is beginning to decline in response to lower prices rather than weather-related blips. 22nd April 2015 · 1 min read
Emerging Europe Economics Update The EC’s case against Gazprom – the key points The European Commission today charged Gazprom with abusing its dominant position in Eastern Europe’s gas market. In this Update, we answer five key questions about the decision and the implications... 22nd April 2015 · 1 min read
Latin America Economics Update Reasons to remain upbeat on Mexico Despite a recession in the mining sector and an impending fiscal squeeze, we remain upbeat about Mexico. A gradual improvement in the labour market and a likely recovery in the US, after a weak start... 21st April 2015 · 1 min read
Energy Update Oil prices still face many headwinds The rebound in the last few weeks has lifted oil prices above our current end-2015 projections for Brent and WTI, but we are in no rush to change them. Some major headwinds both on the supply and... 20th April 2015 · 1 min read
Commodities Weekly Recovery in oil prices gathers pace Oil prices rose sharply in the past week, supported by further evidence that US production and crude stocks are close to peaking – if they have not done so already. The recent stability of the US... 17th April 2015 · 1 min read
