Oil
OPEC 3.0 Developing In Fits And Starts…
Highlights Recommended Allocation
Quarterly Portfolio Outlook: Playing The Optionality…
Yesterday, BCA Research's Commodity & Energy Strategy service concluded that oil prices could first fall further and then take off higher. Without a concerted effort by OPEC 2.0 – the coalition led by KSA and Russia – and the US shales to rein in…
Highlights The odds of an emergency meeting of OPEC 2.0 to get supply under control are growing, based on the repeated overtures from Russian officials providing the Kingdom of Saudi Arabia (KSA) an opening to resume talks on their production-management…
Dear Client, I will be discussing the economic and financial implications of the pandemic with my colleague Caroline Miller this Friday, March 27 at 8:00 AM EDT (12:00 PM GMT, 1:00 PM CET, 8:00 PM HKT). I hope you will be able to join us for this webcast…
Profound Uncertainty Elevates Oil Volatility…
Highlights The pandemic has a negative impact on households and has not peaked in the US. But a depression is likely to be averted. Our market-based geopolitical risk indicators point toward a period of rising political turbulence across the world. We…
Highlights Rapidly changing news flows are forcing oil markets to recalibrate supply-demand fundamentals continuously. This will keep volatility at or close to recent record highs (Chart of the Week). The demand shock from COVID-19 accounts for ~ 65% of…
Yesterday, BCA Research's Commodity & Energy Strategy service surveyed the oil demand destruction attributable to COVID-19. Oil prices have fallen 60% YTD after being struck by simultaneous exogenous demand and supply shocks. We capture the effect of…
Highlights The global economy is in the midst of a painful recession. Monetary and fiscal authorities are responding forcefully to the crisis, but the lengths of the lockouts and quarantines remain a major source of downside risk to the economy.…