Warren Patterson's Comment & Analysis
A complete archive of Warren Patterson's articles, including current analysis & comment - Page 4
Since the US targeted Iranian nuclear facilities over the weekend, supply risks for energy markets have increased significantly amid uncertainty about how Iran will retaliate
Moving Closer Towards...
Oil prices rallied more than 7% this morning after Israeli airstrikes against Iran. This has elevated geopolitical uncertainty significantly and requires the oil market to price in a larger risk...
The Energy Information Administration expects US crude oil production to fall next year. Meanwhile, the European Commission is proposing a ban on refined product imports made from Russian crude...
Energy – US Drilling Activity Slows
The oil market strengthened over the last week thanks to a variety of global events, with the ICE Brent Aug-25 contract settling almost 5.9% higher. Canadian...
Central banks continued to buy gold in April, but at a slower pace given that prices are near record highs.
Metals – Central Bank Gold Buying Slows in April
Central banks added a net 12 tonnes of...
The oil market surged higher yesterday, with ICE Brent hitting US$65.76/bbl at one stage, as USD weakness, rising geopolitical risks and possibly a supply hike from OPEC+ that fell short of...
Oil prices are firmer this morning despite OPEC+ agreeing to another large supply hike
Energy – OPEC+ Supply Increase In Line With Our Expectations
OPEC+ agreed to another large supply hike over the...
Oil prices are firmer this morning after a US court blocked President Trump’s “Liberation Day” tariffs
Energy – Sentiment Improves for Now
Oil markets strengthened yesterday as sanction risks against...
Oil prices are trading stronger this morning after President Trump extended the deadline for tariffs on the EU. Meanwhile, attention is turning to supply as OPEC+ prepares to meet
OPEC+ Supply
The...
Oil prices came under pressure yesterday, and in early morning trading today, amid increasing noise around OPEC+ production policy for July
Energy – OPEC+ Output Policy
The oil market is under...