Trump holds the key for commodities
In a summer when investors have been caught off guard by everything from emerging market woes and the dollar’s tailwind to a brewing trade war, commodity markets have once again…
Analys
Analyser på råvaror från ledande banker och analysföretag. Både längre analysbrev och kortare tradingidéer.
Dr. copper has been ringing the alarm bells since early June
Price action – EM debt concerns, copper sell-off and rising US crude stocks Brent crude yesterday rebounded 1.8% to an intraday high of $73.92/bl as the Turkish concerns eased a…
A tight July counters OPEC+ efforts to calm the market
Brent crude fell back 1.1% yesterday to $74.73/bl while it intraday was down as much as 2.4% to $73.74/bl following the forceful message from Russia and Saudi Arabia on Saturday…
Iran – Hard to swallow a double insult
Brent crude fell back 0.3% to $75.08/bl ydy after a strong rebound on Mon but is again up 0.8% this morning to $75.7/bl. It is taking little notice of the escalating trade war…
Brent crude in non-USD as expensive as in 2011 to 2014
In order to reach a consensus and keep the OPEC+ group united the latest proposal on the table for the upcoming meeting of OPEC+ on Friday and Saturday in Vienna is a modest…
Opec byter fot
Två gånger per år träffas Opec och beslutar hur mycket olja var och ett av de 14 medlemsländerna får producera. Det blir alltmer tydligt att organisationen vid nästa möte…
More oil from the cutters but little net increase from OPEC+
If we sum up the latest news we have the following: 1) Deliberate cutters will increase production in 2H18 and 2019 2) OPEC+ will stay together as a group and they will try to…
More oil from OPEC+ is the base case
Saudi Arabia and Russia have already started to lift production and are arguing for an increase in production at the upcoming OPEC+ meeting next week. Unofficial sources have said…
Full Permian oil pipelines is bullish for Brent
The current oil market is both strong and weak. It is weak in terms of rising inventories and floating storage over the past two weeks with Dated Brent crude spot trading at a…
Total pushed Brent above $80/bl
Total’s message on Wednesday that it will pull out of the Iranian South Pars project unless it gets a project waiver for US Iranian sanctions rolled on in the market yesterday…