BCA Research’s Commodity & Energy Strategy service raised its Brent forecast to $93/bbl for this year and in 2023. The supply side remains exposed to exogenous political risks, chiefly: A failure on the part of…
Feature We are closing our overweight of the Energy sector, bringing the allocation back to neutral in the face of a great geopolitical uncertainty. We have outperformed the S&P 500 by 60% since we initiated the trade on the 22 of…
Executive Summary Euro Natgas Soars; LME Nickel Squeezed Russian Energy Minister Alexander Novak's threat to halt shipmentsof natgas on Nord Stream 1 to Europe lifted European gas prices 25% overnight, and will…
Executive Summary Will The War Stall The Expected Downturn In Inflation This Year? The Russia/Ukraine conflict is impacting financial markets across numerous channels – uncertainty, risk aversion, growth expectations…
The outsized moves in the price of Brent on Monday underscore the vulnerability of crude oil markets to extreme geopolitical uncertainty, especially amid tight supply-demand fundamentals. The price of a barrel of Brent hit an…
Executive Summary US Can Do Without Russia's Oil, EU, NATO … Not So Much The US will ban Russian oil imports shortly. This is not as big a deal markets had feared over the weekend, when news of a possible ban of…
Executive Summary Nuclear Worries Take Center Stage Vladimir Putin has now committed himself to orchestrating a regime change in Kyiv. Anything less would be seen as a defeat for him. Assuming he succeeds, and it is far…
According to BCA Research's Commodity & Energy Strategy service, global oil markets were tight before the invasion of Ukraine. Now, with the trade-flow shifts that we are already seeing, the team expects inventories will…