Head of Commodity Strategy
Summary: Crude oil still looking for support as weak economic data weighs
The crude oil market has spent the past couple of weeks deflating and eventually removing the risk premium that followed the September 14 attack in Saudi Arabia on the Abqaiq oil-processing facility, the world’s biggest, and the Khurais oilfield. This after the immediate risk of retaliation and escalation faded and the Saudis managed to recover its production much sooner than expected.
Two weeks of almost constant selling has seen both Brent and WTI crude oil return to the lower end of the range that has prevailed since June. The latest OPEC production survey carried out by Bloomberg showed the significant impact on Saudi production last month. The Kingdoms production slumped by 1.47 million barrels per day to 8.36 million thereby accounting for the bulk of OPEC's over all 1.59 million barrels/day reduction to 28.32 million, the biggest monthly drop since 2002 according to Bloomberg.
A new fragmented world order can render some of today's infrastructure obselete, but it also calls for massive new investments across the globe, which requires a new set of strategic and tactical investment strategies.
Steen Jakobsen,
Chief Investment Officer
As globalisation turns to fragmentation, China seems set on playing a role in the global economy, while simultaneously working towards proofing its own economic situation from external shocks and crises.
Redmond Wong,
Market Strategist
The recent bank runs and ensuing challenges are reminicent of something we've seen before. Will it end like the S&L crises of 1986 and 1995?
Chris Dembik,
Head of Macroeconomic Research
Equity markets need to recalibrate to another - fragmented - global world. What's your view on equities in this market - are they going up or down?
Peter Garnry,
Head of Equity Strategy
With every development comes new opportunites, some of which could be in India. Have you considered the country as a part of your diversification strategy?
Charu Chanana,
Market Strategist
A collar is an option strategy that allows some protection while maintaining some upside potential. What investment would you like to use a collar strategy for?
Hans Oudshoorn,
Trainer Academy
There are arguments to be made for many commodities to have upside. Which are you paying the most attention to this quarter?
Ole S. Hansen,
Head of Commodity Strategy
In a very challenging macro environment, which currencies do you think will come out on top?
John J. Hardy,
Head of FX Strategy
