LONDON, Feb 18 (Reuters) – Emily Barker’s yearning, elegiac
music will be familiar to viewers of BBC TV’s “Wallander” and
“The Shadow Line” as her songs “Nostalgia” and “Pause” were used
for the theme tunes.
Now the 33-year-old Australian singer-songwriter is
branching out into film scores, composing music for a Peter
Mullan-starring British road movie about a homeless man called
Hector, due for release later this year.
LONDON, Feb 14 (Reuters) – Britain is likely to have to
ditch its hands-off approach to the oil industry for a mix of
regulation, tax breaks and investment if it is to reap the
benefits of the billions of barrels of hard-to-extract oil
remaining under the North Sea.
Changing the way an industry has worked for decades will be
no easy feat. It could involve costly legal disputes over
existing contracts, and a long-term commitment from a government
focused on the short-term goal of cutting its deficit.
LONDON, Feb 12 (Reuters) – North Sea daily oil output
tracked by Reuters is set to fall by 7 percent in March from
February, but traders said this probably would not be enough to
balance the market as refiners head into seasonal maintenance.
Output from 12 of the main British and Norwegian crude
streams will average 1.902 million barrels per day (bpd) in
March, down from a revised 2.046 million bpd in February.
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Some $1.7 billion was withdrawn from commodity ETPs in January global data from BlackRock, the world’s biggest asset manager, showed.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.