LONDON (Reuters) – Emerging markets turmoil drove investors away from commodity exchange traded products (ETPs) in January due to concerns about demand growth, but gold outflows slowed as its safe haven status was revived.
Some $1.7 billion was withdrawn from commodity ETPs in January global data from BlackRock, the world’s biggest asset manager, showed. ETPs, whose value is linked to moves in their underlying assets, offer an easy route into commodities and allow asset managers to make quick, tactical shifts.
LONDON, Jan 30 (Reuters) – The rout in emerging markets is starting to spill
into commodities, with coal prices tumbling as much as 10 percent this month as
utilities in developing economies slash orders.
Commodity price developments often go hand in hand with growth in emerging
economies, which consume more energy as their wealth rises.
LONDON, Jan 27 (Reuters) – Brent oil futures eased towards
$107 a barrel on Monday as investors dumped risky assets over
worries about weaker emerging market economies, but U.S. crude
held up due to a spell of cold weather.
The U.S. Federal Reserve is widely expected to cut its
bond-buying by another $10 billion at its regular two-day policy
meeting starting on Tuesday, with knock-on effects for emerging
market liquidity. Tighter credit conditions in
China are also raising fears of a slowdown.
LONDON, Jan 15 (Reuters) – Commodity fund managers face an
uphill struggle persuading investors to return to the unloved
sector after an abject year in which just two actively managed
funds in the 122-strong Lipper Global Commodity group made
Although a pick-up in economic growth is expected to boost
demand this year, some commodities will remain hobbled by
oversupply, making 2014 a crunch year for managers who need to
convince investors the asset class can deliver.
LONDON (Reuters) – Commodity fund managers are betting a pick-up in economic growth will lead to improved price performance in 2014 after a terrible year in which just two actively managed funds in the Lipper Global Commodity sector made money.
But even if demand improves, some commodities will remain hobbled by oversupply, making 2014 a crunch year for managers who need to convince investors the asset class can deliver sufficient returns.
LONDON, Dec 19 (Reuters) – Brent crude oil futures held
steady at over $109 a barrel on Thursday as the market shrugged
off a move by the U.S. Federal Reserve to reduce its monetary
stimulus programme, and remained focused on U.S. crude stock
Brent crude was down 17 cents to $109.46 a barrel by
0922 GMT, after ending $1.19 higher on Wednesday. U.S. oil
fell 3 cents to $97.77, after ending 58 cents up.
LONDON, Dec 18 (Reuters) – Mediterranean refiners have more
than doubled purchases of North Sea crude grades since November,
an unusual move that is expected to extend into 2014 with
British and Norwegian oil as the go-to substitute for absent
The bulk of Libya’s oil export terminals have been blocked
by protest groups since the end of July, meaning around 1
million barrels per day of light, sweet oil is missing from the
market, forcing refiners to look for crude elsewhere.
LONDON, Dec 18 (Reuters) – Fiddle player and songwriter
Bella Hardy has been in the vanguard of the British folk revival
of the last few years, with six albums under her belt and
numerous award nominations, including BBC Radio 2’s Folk Singer
of the Year.
Hardy has been hailed as a talent to watch since her 2007
debut album “Night Visiting”, and in 2012 she won BBC Radio 2’s
Folk Award for Best Original Song for “The Herring Girl”.
LONDON/NEW YORK, Nov 25 (Reuters) – One of the most popular
trading bets in oil markets, based on attempts to predict price
differences between European and U.S. oil benchmarks, is proving
to be one of the trickiest as funds suffer losses after sky-high
gains earlier this year.
For a generation, European and U.S. oil price benchmarks
rose and fell more or less in tandem, with U.S. WTI crude
usually worth a few dollars more than London’s Brent.
LONDON, Nov 15 (Reuters) – Ageing North Sea fields are being
abandoned by oil majors and increasingly rely on national oil
companies (NOC) from countries such as China and large service
providers to keep the oil – and tax revenues – flowing.
In the past, the company that owned the asset operated it,
but as output from mature fields has dwindled and oil majors
such as BP and Shell have sold out to smaller
producers, traditional models have become less economic.