Domino effect in the Chinese economy
Projections of global economic growth keep getting worse. In late July, the IMF adjusted its expectations vs. April (down by 0.4 p.p. to 3.2% and by 0.7 p.p. to 2.9% for 2022 and 2023, respectively).
Reporting season: oil and gas sector back with a vengeance
Global majors, whose financial results we analyze on a regular basis, are traditionally the ones to start the reporting season in the oil and gas sector.
Capping Russian crude: could it work?
Russian crude continues to sell cheaper than the North Sea benchmark, with a barrel of Urals offered at an average discount of $21 in July. Though its price is still $10 higher than last year, it isn’t higher when converted to rubles, but actually dropped 10% y-o-y in the first summer month.
India caught in a coal trap
While the energy crisis continues to wreak havoc on Western economies, it is also felt keenly in the East.
Gas woes: how much longer?
he growing gas shortage is a facet of the energy crisis that deserves special mention. While at the beginning it seemed that supply disruptions would only last for a couple of months, it’s now becoming clear that the lack of gas will remain a pressing issue in the coming winter and it’s unlikely to be resolved until 2024.