Persian (Gulf)
Highlights Dear Client, In this analysis, my colleague Bob Ryan of the BCA Commodity & Energy Strategy argues that there is more upside to oil prices. First, Russia and OPEC will continue to coordinate their production for at least the rest of the year…
Highlights The end game for the Kingdom of Saudi Arabia (KSA), Russia and their respective allies is fairly obvious: Remove enough production from the market to draw down storage and make the oil-supply curve, once again, more inelastic. This would allow…
Highlights Crude-oil fundamentals stand out among commodities because of the active efforts by critical producers to rein in supply since the end of last year. This can be seen in even-higher compliance with the production accord - a supply shock in many…
Highlights Weekly swings in U.S. inventories notwithstanding, we believe global storage is on track to draw ~ 10% by early- to mid-3Q17, which will have achieved the goal of the OPEC - Russia production Agreement negotiated late last year. This will not…
Dear Client, I am visiting clients in Saudi Arabia, Abu Dhabi, and India this week, and as such there will be no regular Weekly Report. Instead, we are sending you a Special Report written by my colleague Marko Papic, Senior Vice President, BCA's…
Highlights Multipolarity will peak in 2017 - geopolitical risks are spiking; Globalization is giving way to zero-sum mercantilism; U.S.-China relations are the chief risk to global stability; Turkey is the most likely state to get in a shooting war;…
Highlights Dear Client, This week's BCA's Commodity & Energy Strategy contains our 2017 Outlook for Energy markets. After surprising the markets with a production cut last week, OPEC and Russia likely will do so again with a successful implementation…
Highlights Trump's foreign policy proposals will exacerbate geopolitical risks. Sino-American relations are the chief risk - they will determine global stability. A Russian reset will benefit Europe, especially outside the Russian periphery. Trump…
Feature Happy Thanksgiving to all our U.S. clients. We wish you the best the holiday has to offer, as you share blessings with friends and family. In this holiday-shortened week, we are publishing a joint report with our colleagues at BCA's Energy Sector…
Highlights Tighter global oil markets resulting from the production cut we expect to be announced November 30 at OPEC's Vienna meeting, along with fiscal stimulus from the incoming Trump administration in the U.S., will continue to stoke inflation…