Energy Correspondent, London
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Jun 13, 2011

Oil to spike again before new recession: Robeco

LONDON (Reuters) – The world is heading for a fresh oil price spike before collapsing into a crisis, a prominent fund manager said on Monday, adding that China’s unquenchable thirst for natural resources could lead to rising tensions.

Peter Csoregh, senior portfolio manager of Robeco’s Natural Resource equities fund, said oil prices could hit previous peaks of $147 a barrel given that growing demand from developing markets such as China continues to outpace new sources of supply.

Jun 3, 2011

DSP’s Melchior Resources eyes Yukon gold miners

LONDON (Reuters) – A potential second gold rush in Canada’s Yukon territory could provide investors with some rewarding mining plays, says a manager for Dalton Strategic Partnership’s Melchior natural resources fund.

More firms are raising capital to expand summer drilling programs in the Yukon said Marc Sontrop, a portfolio manager for the $69 million fund, which is overweight precious metals.

May 31, 2011

Oil up over $1 at $116 as dollar weakens

LONDON, May 31 (Reuters) – Oil rose over $1 on Tuesday with
Brent crude above $116 a barrel as the dollar weakened on
improved prospects for a bailout for heavily indebted Greece,
but oil remained on track for an overall fall in May.

The euro rose to a three-week high against the dollar as the
European Union raced to draft a second bailout package to
release loans next month for Greece, and the Wall Street Journal
reported that Germany could make concessions on efforts to put
together a bailout. [ID:nL3E7GV07I]

May 24, 2011

Jet fuel falls as volcanic ash cloud fears revive

LONDON (Reuters) – Jet fuel traders are on alert for flight disruptions after an ash cloud from an Icelandic volcano reached air space over parts of Britain and Ireland on Tuesday, knocking the fuel’s prices lower.

The Grimsvotn volcano burst into life on Saturday, spewing out ash and steam and raising fears of a repeat of the travel chaos that followed last year’s Icelandic volcanic eruption.

May 18, 2011

Energy stocks still have upside if crude falls

LONDON (Reuters) – Shares of energy firms have lagged gains in oil prices and the broader stock market and so have room to rise even if Brent crude falls to $100 a barrel, said Will Riley, co-manager of the Guinness Global Energy Fund.

Brent oil futures have gyrated wildly over the last month, going as high as $126.91 in April before plunging to $105.15 in early May. The front month contract is now trading at about $110 a barrel.

May 13, 2011

IEA concerned by higher break-even price for OPEC

LONDON (Reuters) – The International Energy Agency (IEA) has voiced concern about oil exporting group OPEC holding current output levels steady, especially as some OPEC members seem to be keen to defend a higher break-even price.

“We are concerned about what seems to be a gradual racheting up of break-even prices for some members within the OPEC community,” said David Fyfe, head of the IEA’s Oil Industry and Market Division at a Platts oil conference in London on Friday.

May 13, 2011

End of QE to hit gold harder than oil -Goldman

LONDON, May 13 (Reuters) – The end of quantitative easing
(QE) will have a negative impact on gold, but demand for oil and
industrial metals should be supported if there is real economic
growth, said Jeff Currie of Goldman Sachs (GS.N: Quote, Profile, Research, Stock Buzz).

“Gold should directly reflect what has happened with QE, and
we should see a substantial pullback,” said Currie, who heads
commodity research at the investment bank.

May 13, 2011

Wild swings in oil prices likely to persist

LONDON (Reuters) – Wild swings in oil prices will continue for months to come, after volatility hit a two-year high this week, as trading is increasingly dominated by relative newcomers to the market.

Oil and other commodities markets have gone on a rollercoaster ride since May 5, reacting wildly to economic, currency and inventory data.

May 12, 2011

Analysis: Wild swings in oil prices likely to persist

LONDON (Reuters) – Wild swings in oil prices will continue for months to come, after volatility hit a two-year high this week, as trading is increasingly dominated by relative newcomers to the market.

Oil and other commodities markets have gone on a rollercoaster ride since May 5, reacting wildly to economic, currency and inventory data.

May 12, 2011

High oil prices slow world’s thirst – IEA

LONDON (Reuters) – High prices are holding back oil demand growth and threaten economic recovery in the West, the International Energy Agency said on Thursday, meaning lofty crude prices could continue to topple.

The energy advisor to industrialized nations trimmed its global oil demand growth estimates to 1.29 million barrels per day, or 1.5 percent, from 1.43 million bpd in its previous report.

    • 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."
      Hometown:
      London
      Joined Reuters:
      2006
      Languages:
      English
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