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Date: 17 December 2009
Author: Simrin Sandhu
Region: Middle East & North Africa
Categories: Fixed Income
...market risk on sale of by-products. • We initiate coverage of Dolphin Energy Limited with a stable credit outlook
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Date: 6 September 2010
Author: Dan Smith, Helen Henton, Priya Balchandani
Region: Global Overview
Categories: Commodities
ICE Brent – Pullbacks continue to find buyers with a rally above USD 78.50/bbl favoured
• WTI crude – Dips are finding buyers with trendline support at USD 71.65/bbl expected to hold
• ICE Gasoil – Favouring pressure to probe USD 700/t over the coming weeks as support holds
• Gasoil/Brent spread – We expect a push above USD 12.50/bbl to leave USD 14/bbl open
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Date: 31 August 2010
Author: Dan Smith
Region: Global Overview, Americas
Categories: Commodities
• ICE Brent – Dips found buyers ahead of USD 71.30/bbl, with further gains expected
• WTI crude – After a sharp bounce last week, the market is expected to target USD 83.00/bbl
• ICE gasoil – USD 605.25/t support held; look for gains above 700/t to follow
• Gasoil/Brent spread – Consolidative trading is still expected to be followed by a turn higher
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Date: 23 August 2010
Author: Dan Smith
Region: Global Overview
Categories: Commodities
• ICE Brent – Dips continue to extend, but USD 71.30/bbl is expected to hold
• WTI crude – Pullbacks should hold above USD 71.30/bbl, with a bounce to follow
• ICE gasoil – USD 605.25/t support is expected to hold for a bounce above 700/t
• Gasoil/Brent spread – Consolidative trading is expected to be followed by a turn higher
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Date: 16 August 2010
Author: Dan Smith
Region: Global Overview
Categories: Commodities
• ICE Brent – Dips have extended, but a turn above USD 82.94/bbl should follow
• WTI crude – Pullbacks should find support at USD 71.20/bbl for a bounce to follow
• ICE gasoil – USD 605.25/t support is likely to hold for a bounce above 700/t to follow
• Gasoil/Brent spread – Consolidative trading should be followed by a turn higher
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Date: 9 August 2010
Author: Helen Henton
Region: Global Overview
Categories: Commodities
• ICE Brent – Favouring buying dips, with a rally to USD 88/bbl and higher expected further out
• WTI NYMEX – Gains broke above resistance; USD 87.15/bbl targeted
• ICE Gasoil – We expect gains to breach USD 700/t, for USD 750.50/t next
• Gasoil/Brent spread – Consolidative trading is likely to be followed by a turn higher
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Date: 2 August 2010
Author: Dan Smith
Region: Global Overview
Categories: Commodities
• ICE Brent – Gains above USD 79.86/bbl are expected to build over the coming sessions
• WTI crude – Dips remain limited; look for the market to push above USD 80.50/bbl over time
• ICE gasoil – We still favour gains through USD 700/t and then towards USD 750.50/t
• Gasoil/Brent spread – We still favour a rally above USD 12.50/bbl and higher
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Date: 26 July 2010
Author: Dan Smith
Region: Global Overview
Categories: Commodities
• ICE Brent – Pullbacks have been limited and we expect gains above USD 79.86/bbl
• WTI crude – USD 74.25/bbl is holding on the pullbacks; look for a break above USD 79.38/bbl
• ICE gasoil – Market should break above USD 700/t and then target USD 750.50/t
• Gasoil/Brent spread – We still favour a rally to USD 14/bbl and higher
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Date: 19 July 2010
Author: Dan Smith
Region: Global Overview
Categories: Commodities
• ICE Brent – Pullbacks should be limited to USD 71/bbl before USD 79.86/bbl gives way
• WTI crude – Support at USD 74.25/bbl should hold, which will target USD 79.38/bbl
• ICE gasoil – Dips remain limited, with a rally above USD 700/t expected
• Gasoil/Brent spread – Tumble was short-lived; we expect a rally to USD 14/bbl and higher
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Date: 12 July 2010
Author: Dan Smith
Region: Global Overview
Categories: Commodities
• ICE Brent – USD 75.40/bbl target was met and the market is now targeting USD 79.86/bbl
• WTI crude – Met the USD 75/bbl target, with further gains expected above USD 79.38/bbl
• ICE gasoil – Turn lower held USD 605.25/t support, with further gains to USD 700/t favoured
• Gasoil/Brent spread – Rally above USD 12.50/bbl favoured for USD 15/bbl further out