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July 29, 2024

Global | Oil price balance and expectations for 2024

This year has witnessed the convergence of several sources of uncertainty within the financial and commodity markets. These factors have caused high volatility in the price of oil, which has fluctuated, in the year to date, between 75.7 and 91.8 dollars per barrel of Brent.

May 6, 2024

Global | From short-term chaos to long-term uncertainty

Commodity prices are front and center in global economic discussions. The last two months have seen the cost of oil rise by around 10%, alongside significant volatility. This has a lot to do with the short-term chaos.

February 26, 2024

Global | Oil price, possible tailwinds

The oil market remains at the center of the global spotlight. This has been the case for some months now due to the outbreak of the war between Israel and Hamas, a confrontation reminiscent of the most difficult moments of the oil market in the 1970s.

January 15, 2024

Global | Oil: An erratic 2023 is behind us, while an uncertain 2024 gets underway

In 2023, the price of Brent crude averaged USD 82.5, falling from over USD 100 in 2022, driven by the war between Russia and Ukraine, although its trend over the past year has been somewhat erratic and dominated by a wide array of events.

July 24, 2023

Global | Oil: the pulse between demand and supply

Having passed the halfway point of the year, it is important to reflect on the behavior of the oil market, and to take note of the lessons learned for the second half of 2023.

March 6, 2023

Global | Oil in 2023: tight market and prices still high

We will see a very tight market throughout 2023, despite what is likely to be a significant economic slowdown due to various shocks, following the trend seen in recent years.

December 12, 2022

Global | Commodities took center stage in a unique year

A year ago, few managed to glimpse what 2022 was to be like geopolitically and socially, let alone economically. In this complex environment, one of the key asset classes was commodities.

October 17, 2022

Global | Commodities, at the whim of supply and demand

At the height of the storm, we are seeing the world slowing down as inflation remains high, partly due to high commodity prices... a relentless bidding war between supply and demand from which neither will benefit.

April 4, 2022

Spain | The impact of fuel subsidies

With rising energy prices, which are driving up inflation and dragging down economic activity, policymakers are facing some difficult dilemmas. This is the case with fuel subsidies in Spain and similar measures in other European countries.

February 7, 2022

Global | Oil: a necessary burden, for now

Oil prices have been subject to high volatility over the past half century due to political factors and, more recently, due to its appetite as a financial asset. The last few months have been no exception.