Energy Data Response US Weekly Petroleum Status Report Inventories of crude oil rose last week due to a jump in net imports and lower demand from refineries. Meanwhile, the Brent-WTI spread is likely to remain fairly narrow until stock levels at Cushing... 5th July 2018 · 1 min read
Energy Chart Pack Supply concerns outweigh trade wars fears Oil prices were volatile in June, falling in the first half of the month on fears of a trade war and slowing economic growth in China. But a drop in US inventories, a smaller-than-expected increase in... 4th July 2018 · 1 min read
Commodities Chart Pack Rising protectionism drags on commodity prices Overview – Most commodity prices fell in June, depressed by escalating trade tensions and a stronger US dollar. Energy prices were the main exception. 2nd July 2018 · 1 min read
Africa Economics Weekly S. Africa employment, Nigeria targets imports again This week’s South African employment figures were less positive than they appear at first glance. Elsewhere, official economic growth slowed in Ghana in Q1. New poverty estimates caused a storm in... 29th June 2018 · 1 min read
Energy Focus Is the sun setting on the oil market? Slowing economic growth and rapidly rising fuel efficiency, partly due to a surge in the number of electric vehicles, mean that growth in demand for oil will slow and eventually peak over the next... 28th June 2018 · 1 min read
Africa Economics Update CEMAC: Recovery will not be sustained After a painful adjustment, growth in the Central African franc zone will pick up in 2018 and 2019. The region’s longer-term outlook, however, is poor. Indeed, tensions between Cameroon and its more... 28th June 2018 · 1 min read
Middle East & North Africa Economics Weekly Bahrain gets Gulf support, new gas discovery in Egypt? The announcement on Wednesday that Bahrain is in talks with the other Gulf countries over financial support reinforces our view that, despite recent worries in the markets, its dollar peg won’t be... 28th June 2018 · 1 min read
Energy Data Response US Weekly Petroleum Status Report Inventories of crude oil slumped last week due to a jump in exports and higher demand from refineries. The narrowing of the Brent-WTI spread this week may put a dampener on exports, but outages in... 27th June 2018 · 1 min read
Middle East & North Africa Economics Update Gulf: the economic impact of the revised OPEC deal Revisions to OPEC’s oil output agreement will lead to a rise in supplies from the Gulf over the coming months, providing a direct boost to economic growth. Higher production will, however, depress oil... 25th June 2018 · 1 min read
OPEC Watch OPEC agrees to boost output We expect OPEC and Russia to increase production by about 1m barrels per day over the rest of the year, which should ensure ample supply and help to pull prices down. 25th June 2018 · 1 min read
Commodities Weekly OPEC: Will they, won’t they? Most commodity prices fell sharply this week on concerns that the rise in trade tensions between the US and China could spiral into a full-blown trade war. There were particularly sharp drops in the... 22nd June 2018 · 1 min read
Middle East & North Africa Economics Weekly Egypt subsidy cuts, Saudi upgrade, OPEC meeting Hikes to fuel prices announced by the Egyptian government over the past week mean that the central bank will refrain lowering interest rates at its upcoming meeting. Meanwhile, growing tensions within... 21st June 2018 · 1 min read
Energy Data Response US Weekly Petroleum Status Report Inventories of crude oil fell last week due to a jump in exports and higher demand from refineries. However, if China acts on its threat to reduce its purchases of US crude, it will be difficult to... 20th June 2018 · 1 min read
Middle East & North Africa Economics Update What would a rise in OPEC output mean for Saudi? The OPEC meeting scheduled to start on Friday will probably result in a compromise to increase oil output and this could provide a boost to Saudi GDP growth of around 1%-pt. Frictions within the group... 20th June 2018 · 1 min read
Commodities Watch How will China’s tariffs affect commodity markets? In the last week, there has been a renewed escalation in trade tensions between the US and China. The US has announced that it is pressing ahead with tariffs and China has responded in kind. In... 20th June 2018 · 1 min read
Middle East & North Africa Economics Update Saudi: will an MSCI upgrade drive the Tadawul higher? MSCI’s upcoming decision on whether to include Saudi Arabia in its benchmark emerging market equity indices has been billed as a game changer for the Kingdom’s stock market, but past experience... 19th June 2018 · 1 min read
