Previous 10 | Next 10 |
Again, inflation has surprised to the upside. The Consumer Price Index was up 1.3% month-over-month and 9.1% year-over-year in June. Fears of a recession contributed to the decline in commodity prices from early June highs. In our view, this reaction is misguided. The future path ...
We've witnessed the steepest commodity outflows since 2014 over the last week. We see severe constraints to oil production over the next year. We expect oil prices to remain elevated for the foreseeable future. Oil prices have pulled back from recent highs as dem...
With dollar indexes reaching 20-year highs, the strength of the dollar adds important context to the recent weakness in oil prices. The ten-year inverse correlation between oil and the Bloomberg Dollar Spot Index (BBDXY) is -0.19. Apart from dollar strength, significant selling an...
This research highlight summarizes the key impact papers and provides an overview the market signposts in Q2. Mainland China will continue to tighten its efficiency control over the energy-intensive industries as part of the key efforts to achieve carbon pledges. An unprecedented ...
Two opposing forces appear to be dominating the market currently, with investors polarized between recession fears and bargain hunting following this year’s large equity selloff. Investors priced in most central bank tightening and seem more confident with the inflation outlook...
We think the oil/energy price spike from Putin’s war may be plateauing. When oil prices rise, the bonds that are issued by these energy companies get a windfall since their revenue coverage is higher and therefore the coverage of the bonds improves. We are underweight the f...
The OPEC Monthly Oil Market Report for July 2022 was published recently. OPEC output was revised lower in April 2022 by 6 kb/d and May 2022 output was revised down by 26 kb/d compared to last month’s MOMR. World liquids supply increased to 99.8 Mb/d in June 2022, 9.6 Mb/d h...
The energy market is a tug-of-war between fundamentals in the energy industry which is pretty tight. The energy sector has been driving a lot of performance in the S&P/TSX Index since the recovery from the Covid-19 pandemic. In the short term, I do expect the integrated compan...
As prices rise, consumers are put under extreme pressure to keep their normal standard of living. As inflationary pressures continue, consumers make necessary sacrifices to manage their budgets – often going into debt in the process. Eventually, this cycle breaks, and infla...
Despite the biggest decline ever in the SPR, total US oil inventories (outside of the government’s emergency SPR) have barely budged off their lows. When we look at the 10-year seasonal pattern for total US oil inventories, we are well below the 10-year extreme low and, seasona...
News, Short Squeeze, Breakout and More Instantly...
UBS AG London Branch ZC SP ETRACS REDEEM 22/02/2046 USD 25 - Ser B Company Name:
OILX Stock Symbol:
NYSE Market:
UBS Investment Bank today announced that it will redeem all of the outstanding securities of the series set forth in the following table (the "Securities"): * The table above provides the hyperlink to the relevant prospectus supplement for the Securities. Capitalized terms used but not de...