LONDON, Aug 20 (Reuters) – Oil traders have begun fixing
tankers to take North Sea, West African and Arab crudes to South
Africa for storage, hoping for a repeat of the multi-million
dollar bonanza they reaped in 2008-2009.
Shipping fixtures show that in late July and August, BP
, Mercuria, Total and Chevron all booked
suezmaxes to deliver crude to South Africa, with traders saying
that a good number of these barrels will go into storage.
MONROVIA/GENEVA (Reuters) – Liberia battled on Tuesday to halt the spread of the Ebola disease in its crowded, run-down oceanside capital Monrovia, recording the most new deaths as fatalities from the world’s worst outbreak of the deadly virus rose above 1,200.
The epidemic of the hemorrhagic disease, which can kill up to 90 percent of those it infects, is ravaging the three small West African states of Liberia, Sierra Leone and Guinea, and also has a toehold in Nigeria, Africa’s biggest economy.
LONDON (Reuters) – Diversified commodity exchange-traded products (ETPs) attracted strong inflows in July as a pick-up in economic growth in China and the United States encouraged investors to return to the unloved asset class.
Investors injected $936 million into broad-basket commodity ETPs last month – the biggest inflow for this segment in three years, data from asset manager BlackRock showed.
CAMBRIDGE England (Reuters) – “This is my Aunty Molly’s coat,” Scottish singer-songwriter Eddi Reader, resplendent in a vintage gold-colored jacket, told the crowd at the Cambridge Folk Festival. “She was 97 when she died. I like having her on stage with me.”
Reader, who played two sets at the folk festival’s 50th anniversary last weekend, charmed festival-goers as much with her wit as her diverse repertoire.
CAMBRIDGE (Reuters) – When Cambridge City Council decided to hold a music festival in the historic English university town back in 1964, few expected it to be going strong 50 years later.
But this year the Cambridge Folk Festival is celebrating its golden anniversary in style with headliner Van Morrison – who had to be courted for years before he agreed to attend – as well as Roseanne Cash and Sinead O’Connor.
LONDON, July 24 (Reuters) – Brent crude dipped below $108 a
barrel on Thursday as unseasonably weak demand from European
refiners and plentiful supplies offset strong Chinese factory
Brent for September delivery was down 31 cents at
$107.72 a barrel by 0909 GMT, after closing 70 cents higher on
Wednesday. U.S. crude was down 33 cents at $102.79 a
barrel, after gaining 73 cents in the previous session.
LONDON, July 9 (Reuters) – Brent crude oil traded at a
one-month low under $109 a barrel on Wednesday after a Libyan
oilfield restarted and supply worries faded, prompting traders
to reduce long positions.
Libya has restarted the 340,000-barrel-per-day (bpd) El
Sharara oilfield after protesters ended a four-month strike.
This could double Libya’s current crude output.
LONDON, July 3 (Reuters) – Brent crude futures dipped below
$111 a barrel on Thursday as supply fears began to ease after
Libya declared an end to an oil crisis that has slashed exports
from the OPEC member.
Libya’s government said it had reached a deal with a rebel
leader controlling oil ports to hand over the last two terminals
and end a blockade, potentially making an extra 500,000 barrels
per day (bpd) of crude available for export.
LONDON, July 1 (Reuters) – The ageing oil and gas network of
the UK North Sea is seeing a welcome rise in interest from
infrastructure specialists and pension funds, giving oil majors
a chance to offload unwanted assets and ultimately improve
recovery from mature fields.
Britain’s North Sea infrastructure has developed in an ad
hoc fashion over the years, and still tends to be owned and
operated by the original producers.
LONDON, June 27 (Reuters) – Energy firms need to start
delegating properly to the companies they employ as contractors
and have confidence in them if they are serious about their
cost-cutting mantra, Kristian Siem, chairman offshore oil
services firm Subsea 7 said.
Big oil companies, such as Shell and BP, are
cutting spending this year to save cash for dividends, in
response to shareholder demands for bigger returns after years
of rapid spending growth and cost inflation.