Energy Correspondent, London
Claire's Feed
Mar 29, 2012

Commodities shunned as investors take on more risk

LONDON (Reuters) – Commodities other than oil will fail to capture much of the renewed investment appetite for risky assets that has buoyed global markets this year until more clarity emerges about demand from top raw materials consumer China.

Investment has flowed into equities, emerging markets, high-yield debt and real estate markets in the New Year after improved U.S. economic data and an injection of cheap loans to European banks boosted sentiment, but most commodities markets got only a brief boost.

Mar 29, 2012

Analysis: Commodities shunned as investors take on more risk

LONDON (Reuters) – Commodities other than oil will fail to capture much of the renewed investment appetite for risky assets that has buoyed global markets this year until more clarity emerges about demand from top raw materials consumer China.

Investment has flowed into equities, emerging markets, high-yield debt and real estate markets in the New Year after improved U.S. economic data and an injection of cheap loans to European banks boosted sentiment, but most commodities markets got only a brief boost.

Mar 23, 2012

Brent up near $124, supply worries support

LONDON, March 23 (Reuters) – Oil rebounded towards $124 a
barrel on Friday after Thursday’s sell off as supply concerns
underpinned prices despite reassurances from the International
Energy Agency (IEA).

Brent crude was up 77 cents to $123.91 a barrel by
0907 GMT and U.S. crude futures were up 77 cents at
$106.12 a barrel.

Mar 13, 2012

Oil flat near $125 ahead of Fed meeting

LONDON (Reuters) – Crude oil traded sideways at around $125 a barrel on Tuesday after positive consumer spending data stoked a dollar rally and reduced the likelihood of further monetary stimulus from the central bank, which meets later in the day.

Brent crude was down 4 cents at $125.30 by 1346 GMT, giving up earlier gains after a 1.1 percent rise in U.S. retail sales for February reinforced the view the economy was on the right track. U.S. April crude fell 39 cents to $105.95.

Mar 13, 2012

Oil up near $126 ahead of Fed meet

LONDON, March 13 (Reuters) – Oil prices traded up near
$126 on Tuesday as investors awaited comments from the U.S.
central bank that may confirm an improving outlook for the U.S.
economy but could pour cold water on expectations for further
monetary stimulus.

Brent crude was up 51 cents to $125.85 by 0952 GMT,
after closing down on Monday for the first time in four
sessions. The April Brent contract expires on Thursday. U.S.
April crude was up 55 cents at $106.89.

Mar 7, 2012

Ashburton ups energy tilt to 48 percent in Europe fund

LONDON (Reuters) – Asset manager Ashburton has raised the energy exposure in its European equity fund to a record 48 percent, betting that the high oil price will benefit companies making big finds against a backdrop of declining production from existing oilfields.

Brent crude oil futures are currently trading at about $122 a barrel, rewarding exploration and production (E&P) companies making big discoveries and oil services companies that provide drilling rigs and vessels as day rates rise.

Feb 28, 2012

Oil down near $123 on demand concerns

LONDON (Reuters) – Oil prices slipped towards $123 a barrel on Tuesday as investors worried about high prices hurting demand, but supply concerns and the expectation of further liquidity injections from the ECB helped underpin prices at elevated levels.

Front-month Brent was down 99 cents to $123.18 a barrel by 1351 GMT, after settling more than $1 lower on Monday. U.S. crude was down 68 cents at $107.88 a barrel.

Feb 28, 2012

Oil slips below $124 on demand concerns

LONDON, Feb 28 (Reuters) – Oil prices slipped below
$124 a barrel on Tuesday as investors worried about high prices
hurting demand, but ongoing supply concerns and the expectation
of further liquidity injections from the ECB helped underpin
prices at elevated levels.

Front-month Brent was down 69 cents to $123.48 a
barrel by 0925 GMT, after settling more than $1 lower on Monday.
U.S. crude was down 10 cents at $108.46 a barrel.

Feb 22, 2012

Market eyes slow switch to new Brent NX contract

LONDON, Feb 22 (Reuters) – Crude oil market players
expect a slow but steady migration of open interest from the ICE
Brent contract to the exchange’s new NX contract in 2012
against the backdrop of a changing physical market.

The new NX contract is being introduced as part of a broader
change in the underlying physical crude oil market by price
assessment agency Platts, designed to make a larger number of
cargoes count in the process of setting Brent prices.

Feb 15, 2012

Coryton refinery gets lifeline from Petroplus founder

LONDON (Reuters) – Coryton refinery will continue to operate for at least three more months after Marcel Van Poecke, a co-founder of insolvent owner Petroplus, teamed up with Morgan Stanley and investor KKR to provide fresh crude supplies.

Coryton is the most coveted asset of the five refineries owned by Petroplus around Europe, traders and analysts say. It has been running at half capacity since banks stopped financing Petroplus in late December.

    • About Claire

      "At Reuters I am an energy correspondent covering the oil markets and investment trends in commodities. Prior to this I focused on the asset management industry. Before joining Reuters I edited Global Investor, a monthly magazine for the institutional investment industry, and Portfolio International, a magazine for the offshore funds industry."
      Joined Reuters:
      2006
      Languages:
      English
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