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OIL

Investors skip oil rally

Short-covering, rather than a shifting view on the market's fundamentals, is helping oil prices.

MARKETS, COMMODITIES - 01.08.2017

OPEC passes on need for deeper cuts

OPEC and its partners concluded their monitoring meeting in St Petersburg yesterday without affirming a need for deeper production cuts.

ECONOMICS, MARKETS - 25.07.2017

OPEC production increases in June

The latest data from OPEC showed another monthly increase in production in June thanks largely to Nigeria and Libya, neither of whom are participating in the current production cuts.

GLOBAL MACRO, ECONOMICS - 13.07.2017

GCC Quarterly: 2017 growth forecasts downgraded

OPEC's decision to extend oil production cuts through to end-March 2018 has led us to revise down our expectations for oil sector growth – and thus real GDP growth – across the GCC.

ECONOMICS, GCC MACRO - 12.07.2017

TRENDING ARTICLES

Investors skip oil rally
01.08.2017

GCC Quarterly: 2017 growth forecasts downgraded
12.07.2017

OPEC passes on need for deeper cuts
25.07.2017

Higher MENA oil output will weigh on prices in 2018
12.07.2017

OPEC production increases in June
13.07.2017

Higher MENA oil output will weigh on prices in 2018

We have revised lower our expectations for oil prices for the remainder of 2017 and into 2018.

MARKETS, COMMODITIES - 12.07.2017

Down and back again?

We expect oil prices will test lower before they move higher but that a sustained period at low levels is unlikely.

MARKETS, COMMODITIES - 22.06.2017

Oil prices may bring regional sentiment back down to earth again

BoE Chief Economist Haldane added to the recent uncertainty about the outlook for UK interest rates

ECONOMICS, GLOBAL MACRO - 22.06.2017

The UAE's economy grew 3.0% in 2016

Real growth in the UAE in 2016 was exactly in line with our forecast at 3%, and slowed from 2015.

ECONOMICS, GCC MACRO - 19.06.2017

Economic implications of Qatar border closure for UAE and Dubai

Assuming that the standoff continues for some time we have looked at the potential impact on the UAE and on Dubai economies, focusing on a number of key channels.

ECONOMICS, GCC MACRO - 07.06.2017

MUST READ

Investors skip oil rally
01.08.2017

GCC Quarterly: 2017 growth forecasts downgraded
12.07.2017

OPEC passes on need for deeper cuts
25.07.2017

Higher MENA oil output will weigh on prices in 2018
12.07.2017

OPEC production increases in June
13.07.2017

OPEC extends deal for nine months

Scale of cuts is unlikely to lead to substantial draw in inventories

MARKETS, COMMODITIES - 28.05.2017

All eyes will be on Vienna today where OPEC starts its formal meeting

Existing home sale in the US fell to 5.57 million vs expectations of 5.65 million and lower than 5.71 million in the previous month mainly as a result of lower availability of inventory.

ECONOMICS, GLOBAL MACRO - 25.05.2017

OPEC's decision will set the tone for the rest of the year

The market could move into deficit by H2 2017 if OPEC maintains existing cuts but inventories are unlikely to narrow as much as needed

MARKETS, COMMODITIES - 22.05.2017

Saudi budget deficit shrinks

Saudi Arabia's budget deficit shrank by more than 70% y-y in Q1 2017 to -SAR 26.2bn (-USD 7bn), as oil revenues more than doubled compared with Q1 2016.

ECONOMICS, MARKETS - 15.05.2017

Oil curve sends worrying signals

One of the main triumphs of OPEC's production cut, flipping the forward curve, looks to be in danger of unravelling

MARKETS, COMMODITIES - 07.05.2017

OPEC's cuts, three months in

OPEC has managed to put a floor under the market but production cuts have yet to spark a rally

MARKETS, OIL - 25.04.2017

OPEC strongly complies with cut in March

Oil prices snapped their run of gains overnight thanks to a moderately bearish tone from the EIA's weekly data and upward revisions to OPEC's estimates of non-OPEC supply.

ECONOMICS, FX - 13.04.2017

Kuwait supports OPEC oil production cut extension

Kuwait stated its intention to support the extension of the OPEC oil production cut agreement that ends in June citing that it will accelerate the rebalancing of the global oil market.

ECONOMICS, OIL - 14.03.2017

Oil longs take a breather

New short positions came into the market which has so far barely budged in 2017.

MARKETS, COMMODITIES - 07.03.2017

WTI longs hit another record level

Investors keep piling into long positions despite a lack of movement in prices

MARKETS, COMMODITIES - 27.02.2017

Fed still uncertain about fiscal policy

The minutes of the last FOMC meeting left the door open for a rate hike in March, but this still seems unlikely given the uncertainty over US fiscal policy.

ECONOMICS, GLOBAL MACRO - 23.02.2017

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