Archive

Oman M2 money supply 4.46% y-o-y in May-23

- Oman's M2 money supply grew by 4.46% year-on-year in May 2023, the highest growth rate since December 2021.
- Total credit in Oman increased by 4.8% year-on-year in April 2023.

Oil: In Search of Stability

• Despite what was, by all accounts, a challenging discussion at the Opec+ table last weekend, Saudi Arabia appears to have engineered a pragmatic outcome consistent with its drive to stabilise the oil price.

By Alastair Newton

Oil: Sentiment or Substance?

• Opec+ and investors face a conundrum over the extent to which the oil price slide since the 3 April output cut reflects substance or an unsubstantiated shift in market sentiment.

By Alastair Newton

Oil: Target One Hundred?

• As is generally the case with surprises, markets have almost certainly overreacted to the latest Opec+ cuts in oil output, the timing of which probably owes more to Saudi/US tensions than it does to global economic prospects. Nevertheless, Riyadh may still be looking for USD100pb.

By Alastair Newton