04 December 2023 energy update
The delayed OPEC+ meeting took place last Thursday. Investec Head of Commodities Callum Macpherson discusses what was discussed.
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27 November 2023 energy update
The weekend OPEC+ has been postponed. Investec Head of Commodities Callum Macpherson explains why this has happened.
20 November 2023 energy update
Last week saw further falls in oil and Brent reached a low of 76.60 $/b. Against this backdrop of weak prices, OPEC+ are meeting on this coming weekend. Investec Head of Commodities Callum Macpherson discusses how might they react to recent developments.
13 November 2023 energy update
The selloff in oil markets accelerated last week and Brent touched 79.20 $/b. Head of Commodities Callum Macpherson looks at the outlook.
07 November 2023 energy update
Oil prices have softened again as the market seems to be increasingly confident that the war in Gaza will not disrupt supplies. Investec Head of Commodities Callum Macpherson looks at the dynamics at play.
30 October 2023 energy update
In spite of the developments in Gaza, oil prices have not been moving much. Head of Commodities Callum Macpherson explains why.
17 October 2023 energy update
It is just over a week since the conflict in the Middle East, Head of Commodities Callum Macpherson takes stock of what energy markets have been doing since then.
09 October 2023 energy update
Brent set a low of under 84 $/b last week, rallied sharply this morning after the events that unfolded in Israel over the weekend. Head of Commodities Callum Macpherson discusses latest Brent moves.
02 October 2023 energy update
Brent set another new high over 97 $/b last week, but it is much lower today, Investec Head of Commodities Callum Macpherson discusses what has been behind these moves.
25 September 2023 energy update
There was a new high in Brent - close to 96 $/b last week, but also lows close to 92 $/b. Is this a sign the rally is running out of steam? Investec Head of Commodities Callum Macpherson explains.
18 September 2023 energy update
Brent rallied close to 95 $/b last week and the International Energy Agency warned about the impact of Saudi cuts on price volatility, Investec Head of Commodities Callum Macpherson discusses the latest International Energy Agency’s report.
11 September 2023 energy update
Investec Head of Commodities Callum Macpherson discusses oil rallied strongly last week after Saudi Arabia announced an extension to its cuts.
04 September 2023 energy update
Brent reached its highest level since January this year, at the end of last week. Investec Head of Commodities Callum Macpherson explains what was driving that move.
21 August 2023 energy update
Brent is lower again this week, after reaching a high of 88 a couple of weeks ago. Investec Head of Commodities Callum Macpherson explains.
14 August 2023 energy update
Investec Head of Commodities Callum Macpherson explains what’s behind the large increase in gas prices last week in Europe.
07 August 2023 energy update
Brent reached a high of over 86 $/b last week after Saudi Arabia announced that its additional voluntary cuts had been extended. Investec Head of Commodities Callum Macpherson explains why the country has done this and how significant is the move.
31 July 2023 energy update
Investec Head of Commodities Callum Macpherson examines the fundamental and macro drivers behind Brent breaking the $85 a barrel mark last week.
24 July 2023 energy update
It is unclear whether Saudi Arabia might extend its additional voluntary cut for another month. We discuss the sensitivity of the market to that decision
17 July 2023 energy update
Investec Head of Commodities Callum Macpherson unpacks the factors that pushed the global benchmark for Brent crude over the $80 mark last week, and looks at the prospects for the week ahead.
26 June 2023 energy update
There have been extraordinary events over the weekend in Russia, but this seems not to have had any impact on oil prices. Investec Head of Commodities Callum Macpherson explains.
03 July 2023 energy update
When Saudi Arabia announced its additional one million barrel per day cut at the start of June, to apply to July it said it would only be for one month, the question is whether that cut will be extended into August. Investec Head of Commodities Callum Macpherson discusses market reaction.
19 June 2023 energy update
Investec Head of Commodities Callum Macpherson discusses the International Energy Agency’s published reports on the short-term and long-term outlook for the oil market.
12 June 2023 energy update
The market is still worried about demand. Investec Head of Commodities Callum Macpherson discusses the market dynamics.
05 June 2023 energy update
The OPEC+ has come to a complex agreement during their meeting on Sunday. Head of Commodities Callum Macpherson gives details of the decisions made.
30 May 2023 energy update
The next OPEC+ meeting will be held on Sunday. Investec Head of Commodities Callum Macpherson discusses what might come out of that meeting.
22 May 2023 energy update
Investec Head of Commodities Callum Macpherson discusses the International Energy Agency’s latest monthly report on the oil market.
15 May 2023 energy update
There has been some positive supply side news, but Brent is below 75 again. Investec Head of Commodities Callum Macpherson discusses these dynamics.
09 May 2023 energy update
Brent reached a low of 71 last week, but has now rallied back over 76$/b, Head of Commodities Callum Macpherson explains the shift.
02 May 2023 energy update
Brent has been trading under 80 $/b in recent days as the oil market continues to worry about the economic outlook. Head of Commodities Callum Macpherson discusses these dynamics.
24 April 2023 energy update
Brent fell back towards 80 $/b at the end of last week. Head of Commodities Callum Macpherson explains how this has happened in spite of the production cuts that have been announced.
17 April 2023 energy update
The International Energy Agency’s monthly report was published at the end of last week. Head of Commodities Callum Macpherson discusses what the IEA had to say about the state of the oil market.
11 April 2023 energy update
A week on now from the announcement of cuts to output from the Saudi’s and others, Investec Head of Commodities Callum Macpherson discusses oil market’s reaction.
03 April 2023 energy update
Investec Head of Commodities Callum Macpherson explains OPEC's decision to cut output and what it means for the markets.
27 March 2023 energy update
Brent was very soft at the start of last week, but then rebounded - Investec Head of Commodities Callum Macpherson looks at what has brought this about.
20 March 2023 energy update
After weeks of being fairly range bound, Brent dropped to its lowest level since December 2021 last week and is lower again this morning. Investec Head of Commodities Callum Macpherson discusses these moves.
13 March 2023 energy update
Investec Head of Commodities Callum Macpherson analyses the latest fall in oil prices.
06 March 2023 energy update
In this episode, Investec Head of Commodities Callum Macpherson discusses China's growth target and is the UAE leaving OPEC?
27 February 2023 energy update
Investec Head of Commodities Callum Macpherson looks at some of the key topics that will be up for discussion at the International Energy Week in London this week.
20 February 2023 energy update
In its monthly report, the International Energy Agency has significantly increased its demand forecast for 2023, by 300kb/d. Investec Head of Commodities Callum Macpherson looks at what this means for the energy market.
13 February 2023 energy update
Brent rose at the end of last week after Russia announced a supply cut. Investec Head of Commodities Callum Macpherson discusses the significance of this development.
06 February 2023 energy update
The G7 has now agreed on a price cap on Russian refined products. Investec Head of Commodities Callum Macpherson lets us know how these caps will work and how they will impact the markets.
30 January 2023 energy update
Investec Head of Commodities Callum Macpherson shares his insights on the fluctuation in oil prices last week and the upcoming EU embargoes on Russian refined products.
19 January 2023 energy update
Investec Head of Commodities Callum Macpherson looks at what 2023 holds in store for energy markets.
16 January 2023 energy update
Investec Head of Commodities Callum Macpherson examines the impact of the strengthening Brent price.
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