The Strategist
Markets & Industries

Experts: Surplus oil in storages is almost exhausted - 04/19/2021

Economists at Citigroup and the International Energy Agency (IEA) note that the surplus of oil in storages, created during the pandemic and the decline in fuel demand, is now all but exhausted. This is reported by Bloomberg. "Commercial stocks in OECD countries have already returned to the average level of the past five years," said Citi commodity market analyst, “The excess stocks that remain...

Invesments in China's funds surpass $4B, other emerging markets are slumping - 04/19/2021

China's funds surpassed $4bn last week, hitting a six-month high. Investors are attracted by the country's rapid economic recovery. However, due to the worsening epidemiological situation in the world, other developing countries cannot boast of notable inflows. The latest Emerging Portfolio Fund Research (EPFR) data shows that international investors have started to increase their investments in...

Experts: Copper is the new oil - 04/16/2021

Copper may become the "new oil" in the future, experts at investment bank Goldman Sachs have concluded, CNBC reports. Analysts expect the value of the metal to rise as it implements "green" energy and against the backdrop of declining supplies. Goldman Sachs predicts that over the next year the average copper price may rise to $11,000 per tonne. At the auction on Thursday, April 15, a ton of...

IEA follows OPEC in improving global oil demand forecast - 04/15/2021

The International Energy Agency improved its oil demand forecast, pointing to declining storage capacity, gathering pace of vaccination and a "firmer footing" in the global economy. OPEC also raised its forecast earlier. The International Energy Agency (IEA) raised its forecast for global oil demand in 2021 by 230,000 bpd from March. It now expects demand to reach 96.7m bpd: an increase of 5.7m...

Gartner reports record PC market growth for the year - 04/14/2021

Desktop and notebook PC manufacturers shipped 69.9 million PCs in the first quarter of 2021, up 32.2% year-on-year, according to preliminary data from analyst agency Gartner. The company notes that the low early 2020 figures made the growth a record high in all time that the market has been monitored. The top three computer manufacturing companies are Lenovo (17.5 million, 25.1% of the global...

Fed chief expects US economy to rise in second half of 2021 - 04/13/2021

Head of the US Federal Reserve (Fed) Jerome Powell believes that the US economy is at a tipping point. In his view, growth in the second half of the year will be "very strong". "What we're seeing now in the economy looks like a tipping point... We feel we are in a place where the economy will start growing faster and jobs will be created faster... I would say that the growth we expect in the...

Cheniere assesses effect of CO2 charge on LNG projects - 04/12/2021

Cheniere, the largest producer of liquefied natural gas in the US, has for the first time estimated the potential impact on the global LNG industry if companies have to pay for greenhouse gas emissions. Cheniere published its assessment of LNG demand scenarios and the potential costs of the industry in the context of the climate change challenge. Cheniere is the largest LNG operator in the US and...

IMF: Pandemic spurs debts and deficits - 04/09/2021

In the course of fighting the pandemic and its aftermath, governments have approved budget support programmes worth a total of $16 trillion. As a result, budget deficits and national debt levels have grown to unprecedented levels, according to an International Monetary Fund (IMF) review. At the same time, according to the fund's estimates, the use of such stimulus measures allowed to reduce the...

Saudi Aramco sets to sell up to 49% of oil pipeline business to US and Chinese investors - 04/08/2021

Saudi Aramco, the Saudi state oil company, is in talks to sell up to 49% of its oil pipeline business to a consortium of US, Chinese and local investors. This was reported by The Wall Street Journal, citing sources familiar with the situation. According to them, the US investment companies Apollo Global Management and EIG Global Energy Partners, the Chinese Silk Road Fund and China Reform Fund...

Spending on online purchases grows by $900B during the pandemic - 04/07/2021

In the pandemic year 2020, shoppers around the world spent $900 billion more online than in the previous two years, Mastercard analysts said. Shoppers around the world spent $900 billion more on online purchases during the pandemic than the average of the previous two years. That's according to a Mastercard Economics Institute study based on a comparison of the number of online sales made in 2020...
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