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Brent: Multi-Month Basing Period Ahead

We reiterate our below consensus view that front-month Brent will trade in the USD40.0-65.0/bbl range over 2015. In line with our expectations, the February rally in oil has fizzled out and we expect...

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Sugar To Head Lower In Coming Weeks

ICE sugar prices will continue to decline over the coming weeks, owing mainly to ongoing depreciation of the Brazilian real. Sugar prices will be lower than previous years on a multi-quarter horizon.

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Power Of Siberia Immune To Crisis

Gazprom is making progress with its Power of Siberia gas pipeline to China. The project remains unaffected by spending restrictions due to its strategic importance to Russia, while the domestic...

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