Energy
Housekeeping…
OPEC 2.0 Remains Sensitive To EM Demand (Part 2…
OPEC 2.0 Remains Sensitive To EM Demand (Part 1…
Oil price volatility will remain elevated, as markets transition from a pronounced demand slowdown in 1H19, which is apparent in actual consumption data, to stronger growth. We expect global fiscal and monetary accommodation will arrest and reverse this…
Add Shiny Metal Exposure…
Highlights Portfolio Strategy Recession odds continue to tick higher, according to the NY Fed’s probability of recession model, at a time when global growth is waning, U.S. profit growth is contracting and the non-financial ex-tech corporate balance sheet…
U.S. Gulf Production (Part 2…
U.S. Gulf Production (Part 1…
Highlights So What? Saudi Arabia’s geopolitical risks and still-elevated domestic risks reinforce our cyclically constructive view on oil prices. Why? Saudi Arabia is still in a “danger zone” of internal political risk due to the structural…
Highlights The U.S. oil market has always been dynamic, but, over the past couple of years, profound changes have been occurring at increasingly rapid rates. In Part 1 of this two-part Special Report, we presented our forecasts for U.S. independent E&P…