Energy Correspondent, London
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May 24, 2013

Tighter oil market will boost unloved energy stocks-Investec

LONDON, May 24 (Reuters) – A tighter oil market in the
second half of 2013 will boost some energy stocks, which have
trailed the rest of the equity market though the rally, said
Charles Whall, co-manager of Investec’s $1 billion-plus energy
fund.

Although investors have flocked to equity markets since the
start of 2013, they have shunned energy stocks. Only basic
materials equities have put in a worse performance.

May 22, 2013

Manipulation probe draws attention to oil firms’ trading desks

LONDON, May 22 (Reuters) – Europe’s energy price
manipulation probe has turned regulatory attention to secretive
trading units at oil companies with huge turnover and
millionaire staff with risk appetite higher than at Wall
Street’s biggest banks.

Regulators have scrutinised banks, trading houses and
commodities markets more closely following the Libor benchmark
rigging scandal but trading desks at oil majors have largely
escaped attention.

May 15, 2013

North Sea oil output expected to fall by 10 pct in June

LONDON, May 15 (Reuters) – North Sea oil output is set to
fall by just over 10 percent in June from May largely due to
maintenance in the Ekofisk region, which is expected to support
Norway’s light, sweet grades.

Output from 12 crude streams tracked by Reuters will average
1.734 million barrels per day (bpd) in June, based on the latest
information from loading schedules and trading sources, down
from the 1.932 million bpd in May.

Apr 29, 2013

Slower world growth gives commodity investors cold feet

LONDON/NEW YORK, April 29 (Reuters) – Investors are staying
away from commodities, fearing that the worst is yet to come
after prices plunged in April on signs of slower world economic
growth.

Wealth managers have been pulling money from commodities
since the start of the year, culminating in a major sell off in
April when investors dumped gold, copper and oil.

Apr 25, 2013

Oil steady above $101 as rally runs out of steam

LONDON, April 25 (Reuters) – Brent crude oil prices held
above $101 a barrel on Thursday, although scepticism set in that
Wednesday’s rally would be sustained as traders focused on the
weak outlook for global demand and rising supply.

Recent disappointing data from Europe and top oil consumers
the United States and China have stoked worries about global
demand for oil, dragging down prices by more than 5 percent
since the start of April and fuelling speculation about supply
cuts.

Apr 19, 2013

Tough first quarter for commodity funds-Lipper

LONDON, April 19 (Reuters) – Commodity funds took a beating
in the first quarter, with the average actively managed fund in
the Lipper Global Commodity sector down 1.83 percent, as market
volatility provided no clear direction.

A cross-commodity sell-off in mid-April led by safe-haven
gold has since compounded the pain. Gold plunged about 13
percent over last Friday and Monday – its worst two-day fall in
30 years.

Apr 19, 2013

Oil rises toward $100, but demand fears cap gains

LONDON, April 19 (Reuters) – Oil prices climbed towards $100
a barrel on Friday, recovering some ground after a steep six-day
fall, although worries about lower global demand and oversupply
kept a lid on the rebound.

Analysts said the market seemed to be stabilising after a
week of heavy liquidation, in which prices tumbled from over
$106 along with a rout in gold and industrial metals.

Apr 9, 2013

Heavy outflows from commodity ETPs as equities appeal – BlackRock

LONDON (Reuters) – Investors in commodity exchange traded products (ETPs) unwound their holdings to jump on the equity market rally in March, resulting in total redemptions of $3.2 billion globally, according to BlackRock data.

Gold suffered an investor exodus for a third consecutive month, bringing first-quarter ETP outflows to $9.2 billion, but white metals – silver, platinum and palladium – escaped the sell-off, BlackRock, the world’s largest asset manager, said.

Apr 4, 2013

UK oil revival beckons as new technology, investors halt decline

LONDON, April 4 (Reuters) – New operators and better
technology are set to reverse a decline in Britain’s North Sea
oil and gas output over the next few years, and could help the
country’s economy return to health.

Although output is expected to decline another 3-6 percent
this year, it will rebound by almost a third by 2017 as some 50
oil and gas fields start production on the United Kingdom’s
Continental Shelf, industry body figures show.

Mar 12, 2013

China keen to fix Britain’s broken benchmark oilfield

LONDON, March 12 (Reuters) – China’s state oil company is
prioritising a fix for Britain’s biggest oilfield, the
accident-prone Buzzard, which plays a part in setting global oil
prices.

CNOOC has taken a controlling stake in the North Sea field
central to the price of benchmark Brent crude and which, every
time it shuts, can raise costs for some of China’s oil imports.

    • 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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