Commodities Chart Pack Oil bucks the negative trend Most commodity prices fell in August on the back of ongoing global trade tensions and worries over an economic slowdown in China. 3rd September 2018 · 1 min read
Commodities Weekly Supply concerns boost oil prices It was another good week for the price of oil as concerns about lower Iranian output as a result of US sanctions continued to lift prices. In contrast, a ratcheting up of the US rhetoric on... 31st August 2018 · 1 min read
Energy Update Are Chinese tariffs on US LNG a big deal? It looks increasingly likely that the Chinese government will levy a 25% tariff on imports of US liquefied natural gas (LNG). But we suspect that any tariff will have only a limited impact on prices... 31st August 2018 · 1 min read
Energy Watch Why have US drilling rigs plateaued? The relationship between the number of US drilling rigs and oil prices appears to have broken down recently as drilling rigs have failed to rise in line with oil prices. This Energy Watch will examine... 30th August 2018 · 1 min read
Energy Data Response US Weekly Petroleum Status Report Inventories of crude oil fell last week due to a drop in net imports, despite a slump in demand from refineries. Another slight decline in US production excluding Alaska is concerning, but we think... 29th August 2018 · 1 min read
Commodities Weekly Oil jumps on supply concerns The price of Brent rose by around 6% this week, reflecting concerns about the negative impact of US sanctions on Iran’s production. The mid-week trade talks between the US and China were inconclusive... 24th August 2018 · 1 min read
Energy Update Does the Aramco float matter for oil prices? Whether the Saudi Aramco float actually happens or not should make little difference to the oil market. After all, it is now clear that Saudi Arabia is no longer intent on artificially boosting prices... 23rd August 2018 · 1 min read
Energy Data Response US Weekly Petroleum Status Report Inventories of crude oil fell back last week as refinery demand remained strong and net imports dropped back. However, the rise in gasoline and product stocks does point to weaker consumer demand... 22nd August 2018 · 1 min read
Energy Update SPR could cushion loss of oil from Iran The sale of crude oil from the US Strategic Petroleum Reserve (SPR), announced yesterday, is not large enough to have a significant impact on global oil prices. That said, given the hefty size of the... 21st August 2018 · 1 min read
Middle East & North Africa Chart Pack Gulf boosted by higher oil output Oil production figures for July, the first that should capture the impact of revisions to the OPEC deal in June, support our view that growth in the Gulf will strengthen in the coming quarters. Oil... 20th August 2018 · 1 min read
Middle East & North Africa Economics Weekly Pressure on Egypt’s pound? Egyptian dollar bonds have performed particularly poorly this week, suggesting that the recent turmoil in EM financial markets exacerbated the slowdown in capital inflows to the country that was... 16th August 2018 · 1 min read
Energy Data Response US Weekly Petroleum Status Report Inventories of crude oil jumped last week due to a surge in net imports, despite record demand from refineries. Even though consumption is strong at the minute, we expect a slowdown in US economic... 15th August 2018 · 1 min read
OPEC Watch OPEC Monthly Oil Market Report (July) The latest data show that Saudi Arabia still has plenty of room to increase production if it needed to offset falls in Iran and Venezuela. As such, the group’s production should continue to rise, at... 13th August 2018 · 1 min read
Energy Data Response US Weekly Petroleum Status Report Inventories of crude oil slipped last week but there are signs that demand for products is faltering, reflected in the rise in gasoline stocks. Indeed, lower consumer demand in response to high... 8th August 2018 · 1 min read
Middle East & North Africa Economics Update Iran, sanctions and the implications for the rest of MENA The re-introduction of the first tranche of US sanctions on Iran, which came into force today, will result in a downturn in Iran’s economy but, as things stand, the economic impact on the rest of the... 7th August 2018 · 1 min read
Energy Chart Pack Trade tensions and growth fears weigh on oil prices Oil prices slumped in July as trade tensions rose, ports reopened in Libya and fears of a slowdown in global economic growth increased. However, the short end of the Brent futures curve moved into... 6th August 2018 · 1 min read
