Energy Correspondent, London
Claire's Feed
Oct 27, 2011

Commod funds upbeat on China, but investor zeal wanes

LONDON, Oct 27 (Reuters) – Senior fund managers remain
optimistic about the prospects for Chinese commodity demand and
the outlook for crude oil, but investor fervour for commodities
is now more tempered compared with the zeal of recent years.

Doubts about the strength of China’s growth prospects have
led to weakened investor appetite for commodities over the last
quarter amid heightened price volatility, but market watchers
expect China to loosen its tight liquidity policy by year-end.

Oct 26, 2011

Axa IM targets junior oil and gold plays

LONDON (Reuters) – Small oil companies and gold miners offer some of the best upside given the rise in energy mergers and acquisitions activity and investor demand for gold bullion at a time of falling supply, said the manager of Axa IM’s new natural resources fund.

“We are slightly underweight energy but we are overweight small cap energy stocks as the companies making discoveries are takeover targets for the oil majors,” said Sebastien Lagarde, senior portfolio manager of the Axa Framlington Natural Resources Fund, which launched at end-September.

Oct 25, 2011

China’s oil thirst will squeeze market -funds

LONDON, Oct 25 (Reuters) – China’s thirst for oil will
squeeze prices higher and destroy demand in developed economies
if world oil supply growth does not exceed current trends, said
senior commodity fund managers who did not expect fast oil
output rises in Libya and Iraq.

“In the last 12 months China’s demand for diesel for power
generation has been one of the major drivers (of the market),”
Tony Hall, chief investment officer of the Duet Commodities
Fund, said at a conference in London on Tuesday.

Oct 20, 2011

Oil up at $109 on EU debt progress

LONDON, Oct 20 (Reuters) – Oil rose a dollar to around $109
a barrel on Thursday after European officials unveiled plans to
tackle the euro zone debt crisis through bond buying, whilst
tight supply continued to underpin.

Brent crude futures LCOc1 were up 82 cents to $109.21 a
barrel at 1012 GMT. They had hit an intraday high of $109.64
immediately after a document was issued explaining how the
European rescue fund will be able to buy bonds on the secondary
market.

Oct 20, 2011

Oil steady at $108 ahead of EU summit

LONDON (Reuters) – Oil prices held steady at around $108 on Thursday supported by tight supply although Europe’s failure to agree a plan to resolve the euro zone’s debt crisis continued to stalk the market.

French President Nicolas Sarkozy flew to Frankfurt to talk with German Chancellor Angela Merkel to try to break a deadlock ahead of a crucial EU summit this weekend.

Oct 7, 2011

Exclusive: Gold to stay strong, top performing funds say

LONDON (Reuters) – Gold will stay strong due to a lack of alternative havens for investors operating in a slowing global economy, top performing commodity fund managers told Reuters after taking a defensive approach and going into cash during September’s gold sell off.

“We consider the current weakness in gold as temporary and also the slump in commodity prices should come to an end soon,” said Kurt Hug, an investment adviser for the Antares Precious Metals Fund.

Oct 7, 2011

Gold to stay strong, top performing funds say

LONDON (Reuters) – Gold will stay strong due to a lack of alternative havens for investors operating in a slowing global economy, top performing commodity fund managers told Reuters after taking a defensive approach and going into cash during September’s gold sell off.

“We consider the current weakness in gold as temporary and also the slump in commodity prices should come to an end soon,” said Kurt Hug, an investment adviser for the Antares Precious Metals Fund.

Oct 7, 2011

Oil falls over $1 on profit-taking

LONDON, Oct 7 (Reuters) – Oil prices slipped more than $1 to
below $105 on Friday as some London traders took profits
following the sharp move up in Brent at the close of the
previous session after oil had been bolstered by central bank
money creation.

Brent crude futures LCOc1 were down $1.10 to $104.63 a
barrel at 0919 GMT, following Thursday’s strong performance,
where Brent closed $3 up.

Oct 6, 2011

China’s Sinopec builds oil products trading desk

LONDON, Oct 6 (Reuters) – Sinopec Corp has built
an oil products trading desk in London, said sources familiar
with the company, in the latest sign Chinese businesses are
looking to increase their control of the flow of fuel essential
to the country’s economic growth.

Unipec, the trading arm of top Asian refiner Sinopec which
is already active in the European crude oil market, has signed
six people to a newly established oil products trading desk, the
sources said.

Oct 6, 2011

Oil down after ECB holds rates

LONDON (Reuters) – Oil prices fell on Thursday after the European Central Bank left interest rates unchanged, disappointing some expectations for a small cut and outweighing mildly positive U.S. jobs data and a Bank of England vote for further money creation.

Brent crude futures for November were down 60 cents at $102.13 by 1328 GMT, after reaching an intraday low of $101.53, down over $1.

    • 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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