Energy Correspondent, London
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Jan 15, 2014

Commodity managers see demand growth ending pain after tough 2013

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.

Dec 19, 2013

Brent steady above $109 as market shrugs off Fed taper

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
draws.

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.

Dec 18, 2013

Cheap North Sea crude woos Med refiners bereft of Libyan oil

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
Libyan barrels.

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.

Dec 18, 2013

A Minute With-British folk singer Hardy on delving into the past

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”.

Nov 25, 2013

Betting on oil spreads: from money spinner to widow maker

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.

Nov 15, 2013

Newcomers step up as oil majors ditch old North Sea fields

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.

Nov 8, 2013

Investors shun commodity ETPs in October as dollar strengthens

LONDON (Reuters) – Investors pulled $2.76 billion from commodity exchange-traded products (ETPs) in October, diverting money into equities as a recovering U.S. economy boosted the dollar and created headwinds for commodity performance.

Broad commodity ETPs lost $561 million in October, according to global data from BlackRock, whilst equity ETPs attracted $35.9 billion, with strong contributions to U.S. equities, developed markets and emerging markets.

Nov 8, 2013

Banks, traders morph roles in commodity market rivalry

LONDON, Nov 8 (Reuters) – A decades-old rivalry between
banks and trading houses in commodities markets is taking new
forms, as banks adjust to tighter regulations and merchant
traders mount increasingly sophisticated challenges.

Banks have long been the dominant players in hedging – when
commodities producers and consumers buy derivatives to help
offset potential sharp price swings.

Nov 6, 2013

NYMEX traders allege big firms manipulated Brent oil prices

LONDON (Reuters) – Four NYMEX traders have alleged that the North Sea Brent crude oil market has been manipulated by oil majors and trading houses since at least 2002, in a class action they brought in the wake of a wide ranging European Commission inquiry.

Royal Dutch Shell, BP, Statoil, Morgan Stanley, Trafigura Beheer, Trafigura, Phibro Trading and Vitol are named as defendants in the lawsuit filed in a Manhattan court in October.

Oct 30, 2013

Oil by 2020 to fall to $80 in real terms -Reuters poll

LONDON, Oct 30 (Reuters) – Global oil consumers are likely
to feel the benefit of much cheaper fuel by 2020 thanks to the
U.S.-led shale boom, a Reuters survey found.

According to the median estimate of the poll, Brent crude
will average $95 a barrel over the course of 2020, a drop of $20
from the estimate in a similar survey a year ago, even though
spot oil prices have changed little since then.

    • 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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