March 17, 2020/OilPrice.com – The EIA projects that Brent will average $43 per barrel in 2020, down from $64 per barrel in 2019. That figure, from today’s standpoint, looks wildly optimistic. – That translates to inventory builds of 1 mb/d on average this year. Again, that number belies the […]
OPINION/EDITORIAL
February 2020 CPI: Devaluation Fears Introduce Fresh Risks to Inflation
March 17, 2020/Cordros Report In line with our expectation, headline inflation rose by 7bps to 12.20% y/y (Cordros’ est.: 12.30% y/y) in February. We attribute the uptick to the unfavourable base from the corresponding period of last year. We recall that lower energy prices, especially in H1-19, had driven focal […]
Global volatility at 10-year high
March 16, 2020/Coronation Report The VIX Index, a US index of volatility, stands at its highest level since the global financial crash of 2008. Volatility is not the same thing as risk, but volatility can cause risk if global investors head towards safe assets (e.g. US bonds) and do not […]
