Highlights US natural gas prices will remain well supported over the April-October injection season, as the global economic expansion gains traction, particularly in Europe, which also is refilling depleted storage levels. China's…
Colombian assets are reeling after President Ivan Duque withdrew a tax reform proposal on Sunday following deadly street protests and political opposition. Finance Minister Alberto Carrasquilla, who designed the bill, resigned on…
Highlights Biden’s first 100 days are characterized by a liberal spend-and-tax agenda unseen since the 1960s. It is not a “bait and switch,” however. Voters do not care about deficits and debt. At least not for now.…
Highlights Rising CO2 emissions on the back of stronger global energy growth this year will keep energy markets focused on expanding ESG risks in the buildout of renewable generation via metals mining (Chart of the Week). …
In the second half of the year, global growth will be bifurcated. On one hand, monetary and fiscal stimulus in the US, and to a lesser extent Europe, will remain ultra-accommodative and will support their economic recoveries. On…
Highlights Higher copper prices will follow in the wake of China's surge in steel demand, which lifted Shanghai steel futures to an all-time high just under 5,200 RMB/MT earlier this month, as building and infrastructure projects…
The Mexican economy was hit by a perfect storm in the last few years. But the stars are now beginning to align. The country’s growth headwinds – sluggish productivity, lack of investment, tight fiscal and monetary…
Highlights The prevalence of oligopolies and monopolies in a number of industries as well as lack of investment in hard and soft infrastructure have been the underlying cause of sluggish productivity growth in Mexico. This has weighed…
Highlights Stronger global growth in the wake of continued and expected fiscal and monetary stimulus, and progress against COVID-19 are boosting oil demand assumptions by the major data suppliers for this year. We lifted our…
Highlights Continued upgrades to global economic growth – most recently by the IMF this week –will support higher natgas prices. In our estimation, gas for delivery at Henry Hub, LA, in the coming withdrawal season (…