Germany’s most important energy source is still oil which accounts for over a third of its primary energy use. Moreover, 98 percent of Germany’s consumption of oil depends on imports. Most of Germany’s oil…
Dear Client, Owing to BCA’s 40th Annual Investment Conference in New York City next week, we will not be publishing a report on Friday, September 27. We will return to our regular publishing schedule on Friday, October 4, when we…
Dear Client, BCA’s New York conference takes place next week on September 26-27, and I look forward to meeting some of you there. Because of the conference, our next report will come out on October 3. Dhaval Joshi Highlights…
The situation in Saudi Arabia is still unfolding following the weekend’s drone strikes that removed ~5.7 mm barrels per day from the global oil market. The price of Brent crude oil spiked yesterday, from $61 to $68, and…
Following drone attacks on critical oil infrastructure in the Kingdom of Saudi Arabia (KSA) over the weekend, which removed ~ 5.7mm b/d of output, the U.S. is likely to conduct a limited retaliatory strike. In addition, the U.S. will…
In the immediate aftermath of the drone attacks on Saudi Arabia's massive 7-million-barrel-per-day processing facility at Abqaiq and the Khurais oil fields, which produces close to 2mm b/d, markets will be hanging on every…
Commodity demand appears to be turning up, based on our assessment of global industrial activity. As demand picks up, we expect industrial commodity prices will move higher (Chart of the Week, top panel). For all practical purposes,…
As the summer holidays become a memory, central banks globally are mobilizing to fight mounting recession risks. More than 30 at last count are busily easing financial conditions to boost growth (Chart of the Week). Going into 4Q19, this…