The news this week that the IMF lifted its global growth projections was largely placed at the feet of China’s Covid Zero pivot. The IMF raised its 2023 growth forecast…
There are a few reasons cited for oil markets to gain over the medium term. Russia’s oil ban from the EU comes into place on February 5 and China’s recent…
Oil markets have reasons for higher prices in principle. China’s re-opening should stimulate demand, OPEC is expected to keep production levels unchanged, hopes of a dovish Fed, and the EU…
Long energy and short tech may have been the trade of 2022, particularly for investors exposed to US equity markets, but also for the commodity traders, who enjoyed massive rallies…
The first thing to realise about yearly looks ahead is that they can prove to be spectacularly wrong. So, when looking ahead always be aware that these outlooks can change…
The longer term picture for oil looks strong. Many analysts point to a larger lack of investment in oil research and development which means the supply ultimately is not there…
US oil has some mixed drivers right now. The OPEC+ production cuts had been providing some support for oil alongside a weaker USD. Furthermore, the announcement of a 16-point property…
The OPEC+ meeting has decided to reduce oil output by 2mln barrels per day. The UAE was supportive of oil output cuts, despite US pressure, but the ‘actual’ size of…
Canada is one of the largest oil producers in the world with substantial oil reserves contained within its oil sands. According to the Oil and Gas Journal, Canada has around…
Global growth worries were stoked once again this week as commodities bore the brunt of heavy selling pressure and the USD surged higher. Stagflationary, inflationary, and recession fears continue to…