We dig into the USD-denominated Emerging Market Sovereign Index to see which credit tiers and countries offer value relative to US Credit.
According to BCA Research's Commodity & Energy Strategy service, Qatar will be the winner as it takes advantage of the global energy transition towards renewables and the world fragments under economic and…
Qatar’s strategy to raise LNG output 84% by 2030 is a bold bet DM demand for energy security – and EM demand for affordable electricity to support economic and population growth – will remain a higher priority than eliminating fossil…
The attacks on Red Sea commercial tankers by Iran’s Yemeni proxies, the Houthi movement, are an inflation risk inasmuch as they lengthen voyage times for any shipping forced to avoid the Bab el-Mandeb Strait. The risk of an expansion…
Gulf Cooperation Council (GCC) oil producers stand the most to gain following the failed coup against the administration of Russian President Vladimir Putin. The biggest beneficiaries will be the Kingdom of Saudi Arabia (KSA…
China’s economic and diplomatic interests in the GCC region will expand, as will its military presence. Whether or not this stabilizes the region is yet to be determined, particularly if tensions in the South China Sea and other…
Listen to a short summary of this report. Executive Summary Higher Real Yields Have Weighed On Equity Valuations I had the pleasure of visiting clients in Saudi Arabia, Bahrain, and Abu Dhabi last week.…
Highlights The US Climate Prediction Center gives ~ 70% odds another La Niña will form in the August – October interval and will continue through winter 2021-22. This will be a second-year La Niña if it forms, and…
The Qatar-Saudi Arabia rapprochement is positive for the medium-term outlook for Arab Gulf economies and stocks. Qatar managed to survive the air land and sea blockade by rerouting flights through Iran (with a $100 million/year…
Highlights This week, Commodity & Energy Strategy is publishing a joint report with our colleagues at BCA's Energy Sector Strategy. Driven by the leadership of the Kingdom of Saudi Arabia (KSA) and Russia, OPEC 2.0 formalized…