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
Emerging Markets Economics Update What’s behind the EM export slowdown? The recent slowdown in EM export volume growth has been driven by weaker demand from the euro-zone, as well as a number of idiosyncratic supply-side factors, notably a plunge in oil and agricultural... 6th August 2018 · 1 min read
Energy Data Response US Weekly Petroleum Status Report Inventories of crude oil jumped last week due to a rebound in net imports. Admittedly, overall production slipped back a little, but this was due to a temporary disruption. Meanwhile, gasoline demand... 1st August 2018 · 1 min read
Commodities Chart Pack Prices wobble on demand concerns Commodity prices dropped in the first half of July, despite a slight depreciation of the US dollar. Concerns about trade tensions were the main reason behind the falls. Lower trade volumes would lead... 1st August 2018 · 1 min read
Energy Outlook Headwinds building for oil and coal prices Energy prices have generally risen over the past few months, despite an appreciating dollar. Strong demand and, in the case of oil, fears about disruptions to supply have boosted prices. However, we... 31st July 2018 · 1 min read
Commodities Outlook Trade woes to continue to weigh on prices Concerns about a possible downturn in demand are expected to remain a factor weighing on most commodity prices in the coming months. There are now clear signs that China’s economy has entered a softer... 30th July 2018 · 1 min read
US Economics Update Mining boost to economic growth no flash in the pan Unlike the pre-tariff spike in soybean exports, the near-100% annualised surge in mining structures investment in the second quarter, which accounted for 0.4% points of the 4.1% annualised gain in... 30th July 2018 · 1 min read
