Browsing documents with the theme of Oil Prices
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Will politics, disruptions and the dollar continue to drive oil?
OPEC-Russia deal created a favorable backdrop … The price of Brent fell 16% in the first half of 2017 but rallied 40% through the second half. The continuation of the OPEC-Russia deal plus steadily rising demand, created a favorable backdrop but it was the combination of several other factors which created the price catalyst.
Macro-Advisory 2018 Political Outlook
Outlook for 2018. There is no reasonable basis to assume there will be any major changes in Russian politics in 2018. We think there is at best a 25% chance that Putin will use his new mandate to implement the major reforms that Russia needs to move to a better economic growth path. More likely he will choose stability because it is lower risk. Speculation will then move to what happens in 2024. Who will Putin choose to succeed him, will that choice be challenged, and what role will Putin have thereafter?
Macro-Advisory Macro Monthly: November 2017-The calm before the … what?
Economic advance continues. The economic recovery continues to strengthen and expand, albeit modestly. September GDP rose 2.4% YoY, bringing the growth for 9M17 to 1.8% YoY. The agriculture sector is a big driver, recording 8.5% growth in September (+4.7% YoY in 9M). There is also a stronger-than-expected recovery in retail sales.
Modest upgrades. Several agencies, such as the World Bank, IMF and Fitch, have modestly upgraded their forecasts for 2017-19. The Economy Ministry is the most bullish but still quite modest, with expected growth rising to 2.3% YoY in 2020.
Macro-Advisory Macro Monthly March 2017
Economic performance improves as US Congress considers codifying anti-Russian sanctions into law.
Macro-Advisory 2017 Economy Outlook: Preparing for the Next Phase
Policy will focus on the economy in 2017, with fewer distractions from geopolitics. However there will be no movement on sanctions.
No change in economic performance without change in economic policy
Kazakhstan: 3-D Printing a New Economy
Analysis of the Kazakh government’s reform plan
Russian Oil Sector Overview: Nothing so Crude
Analysis and forecasts of Russia’s oil industry
Oil Update October 2016
Are hopes for higher oil wishful thinking or the new reality?
Oil Update May 2016
Is the rally in oil and the ruble sustainable?