Energy Correspondent, London
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Aug 22, 2014

Brent weakens below $103 on rising supply, strong dollar

LONDON, Aug 22 (Reuters) – Brent crude oil futures drifted
lower on Friday, further below $103 a barrel, as a strong dollar
and plentiful supplies continued to pressure prices.

October Brent crude was down 16 cents to $102.47 a
barrel by 0829 GMT. U.S. crude was down 34 cents at
$93.62 a barrel.

Aug 20, 2014

Oil traders storing crude for profit as contango takes hold

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.

Aug 19, 2014

Liberia fights Ebola in capital, W. Africa toll tops 1,200

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.

Aug 8, 2014

Broad commodity ETPs attract strong inflows in July: BlackRock

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.

Aug 7, 2014

Scottish singer Eddi Reader revisits her roots at folk festival

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.

Jul 30, 2014

Elusive Van Morrison headlines 50th Cambridge Folk Festival

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.

Jul 24, 2014

Brent oil dips below $108, market well-supplied

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
data.

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.

Jul 9, 2014

Oil at 1-month low below $109 as Libya supply returns

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.

Jul 3, 2014

Brent dips below $111, Libya says oil crisis is over

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.

Jul 1, 2014

New infrastructure players to help UK North Sea in twilight years

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.

    • 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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