Commodities Update Futures Market Monitor (Apr. 2023) The surprise OPEC+ decision to cut oil production sent oil futures curves into steeper backwardation. This doesn’t necessarily mean that market participants see prices falling from here, but rather... 5th April 2023 · 4 mins read
Energy Update OPEC+ shakes up and tightens the oil market The surprise decision by OPEC+ to cut production has meant we have revised up our oil price forecasts for end-2023 and end-2024. This does not materially change our outlook for inflation in advanced... 5th April 2023 · 3 mins read
Capital Daily We doubt higher oil prices will stop Treasury yields falling further Although the decision by OPEC+ members to cut oil production might push up oil prices further, we don’t think that will stop US Treasury yields falling further over the rest of the year. 3rd April 2023 · 6 mins read
Energy Rapid Response OPEC output cuts point to a large market deficit in Q4 Yesterday, OPEC+ members announced voluntary cuts to production from May until the end of the year. In total, the cuts amount to 1.16m bpd or about 1.1% of global supply, with Saudi Arabia accounting... 3rd April 2023 · 2 mins read
Event Drop-In: OPEC’s surprise cut – Economics, markets, geopolitics 1680530400 In the wake of the surprise move by OPEC+ to cut oil production, we held a special online briefing about the decision’s economic and market implications – as well as what this signals about global
Commodities Outlook The energy crisis is over, but prices to stay elevated We expect most commodity prices to drift lower in the near term as advanced economies enter mild recessions and financial market risk aversion persists. A stronger US dollar will also weigh on prices... 31st March 2023 · 41 mins read
Commodities Weekly Advanced economies to dictate prices With the latest shudders in financial markets seemingly contained, most commodity prices ground steadily upward over the week. Oil prices did receive a boost from supply disruptions in Iraqi Kurdistan... 31st March 2023 · 6 mins read
Energy Data Response US Weekly Petroleum Status Report Commercial crude stocks fell sharply this week as imports fell to a two-year low and refinery activity increased. Meanwhile, product demand continued to expand. As higher interest rates translate into... 29th March 2023 · 2 mins read
Middle East & North Africa Chart Pack Is the door closing for fiscal loosening in the Gulf? One of the main channels through which the Gulf countries are exposed to worries about the health of the global banking system in through energy markets, with the price of Brent crude falling by 13%... 24th March 2023 · 11 mins read
Commodities Weekly Not out of the woods yet Just as it seemed as though stability had been restored in financial markets, a renewed bout of selling of bank stocks took place in Europe this morning. And there are a number of smaller US banks... 24th March 2023 · 6 mins read
Energy Update Clean tech race to hit EU coal and gas demand The EU’s Net-Zero Industry Act announced last week aims to keep the manufacture of clean technologies within the EU and shows that global fracturing will take place within blocs as well as between... 24th March 2023 · 4 mins read
Energy Update Henry Hub prices to be rising by end-2023 US natural gas prices have plummeted recently amid subdued demand and elevated stocks. However, demand is expected to revive this year and next, which will put upward pressure on prices. 22nd March 2023 · 2 mins read
Energy Data Response US Weekly Petroleum Status Report Commercial crude stocks rose slightly this week, although product stocks fell as domestic demand and exports both picked up. But all eyes are on the Fed’s monetary policy meeting later today. 22nd March 2023 · 2 mins read
Commodities Weekly Prices battered, financial conditions to be in focus Commodity markets were not spared the effects of widespread turmoil in the global banking system. Most prices ended the week lower as investors fled risky assets. The gold and silver prices bucked... 17th March 2023 · 6 mins read
Commodities Update Commodities and the spillovers from financial markets While commodity prices have also been caught up in the chaos stemming from the banking sector turmoil, so far the impact hasn’t been too alarming as price falls for most commodities haven’t been... 17th March 2023 · 4 mins read
