Community Editor for European power, gas and coal
Henning's Feed
Mar 30, 2015

Oil prices dip as Iran, world powers seek nuclear deal

SINGAPORE, March 30 (Reuters) – Oil prices dipped in Asian
morning trading on Monday, adding to steep losses in the
previous session, as Iran and six world powers tried to reach a
deal that could add oil to the market if sanctions against
Tehran are lifted.

Iran and six world powers tried to break an impasse in
nuclear negotiations on Sunday ahead of a deadline to find a
prelminary deal by Tuesday, although diplomats warned the
attempt could still fall apart.

Mar 27, 2015

Oil prices fall more than $1 as supply threat eases

SINGAPORE (Reuters) – Oil prices fell more than $1 on Friday after sharp gains the session before, as worries of a disruption to crude supplies due to Saudi Arabia-led air strikes in Yemen eased.

Goldman Sachs said in note that the strikes in Yemen would have little effect on oil supplies as the country was only a small crude exporter and tankers could avoid passing its waters to reach their ports of destination.

Mar 27, 2015

Oil prices ease as market downplays supply threat from Yemen

SINGAPORE, March 27 (Reuters) – Oil prices fell over a
percentage point on Friday as traders estimated that the threat
of a disruption to world crude supplies from Saudi Arabia-led
air strikes in Yemen was low.

Goldman Sachs said in an overnight note that the strikes in
Yemen would have little effect on oil supplies as the country
was only a small crude exporter and tankers could avoid passing
its waters to reach their ports of destination.

Mar 27, 2015

Oil prices ease as market sees little threat of supply disruptions from Yemen

SINGAPORE, March 27 (Reuters) – Oil prices edged lower in
early trading in Asia on Friday as traders estimated that the
threat of a disruption to world crude supplies from Saudi
Arabia-led air strikes in Yemen was low.

Goldman Sachs said in an overnight note that the
strikes in Yemen would have little effect on oil supplies as the
country was only a small crude exporter and tankers could avoid
passing its waters to reach their ports of
destination.

Mar 26, 2015

Oil prices surge after Saudi air strikes in Yemen

TOKYO/SINGAPORE (Reuters) – Brent crude oil prices rose by more than a dollar in early Asian trading on Thursday after Saudi Arabia and its Gulf Arab allies began a military operation in Yemen, although Asian importers said they were not immediately worried about supply disruptions.

The strike against Houthi rebels who have driven the president from the country’s capital could stoke concerns about the security of oil shipments from the Middle East.

Mar 25, 2015

Oil prices dip as inventory build drags

SINGAPORE (Reuters) – Crude futures dipped slightly on Wednesday as ballooning U.S. storage volumes continued to pressure prices although relatively healthy demand figures from Europe supported prices.

Brent oil futures LCOc1 were trading at $55.09 a barrel at 0354 GMT, down two cents, while U.S. WTI crude CLc1 was at $47.40 a barrel, down 11 cents.

Mar 24, 2015

Oil drops as Saudi output nears record, China demand worries drag

SINGAPORE, March 24 (Reuters) – Oil prices dropped on
Tuesday after activity in China’s factory sector fell to an
11-month low and as Saudi Arabia said its production was close
to an all-time high.

The flash HSBC/Markit Purchasing Managers’ Index (PMI)
dipped to 49.2 in March, below the 50-point level that separates
growth in activity from a contraction on a monthly basis,
stoking worries over the strength of the world’s No.2 economy.
Economists polled by Reuters had forecast a reading of 50.6.

Mar 24, 2015

Oil prices drop as China factory activity falls to 11-month low

SINGAPORE (Reuters) – Oil prices edged lower in early Asian trade on Tuesday after activity in China’s factory sector fell to an 11-month low, stoking worries over the strength of the world’s No.2 economy.

The flash HSBC/Markit Purchasing Managers’ Index (PMI) dipped to 49.2 in March, below the 50-point level that separates growth in activity from a contraction on a monthly basis. Economists polled by Reuters had forecast a reading of 50.6.

Mar 24, 2015

Oil prices drop as China factory activity falls to eleven-month low

SINGAPORE (Reuters) – Oil prices edged lower in early Asian trade on Tuesday after activity in China’s factory sector fell to an 11-month low, stoking worries over the strength of the world’s No.2 economy.

The flash HSBC/Markit Purchasing Managers’ Index (PMI) dipped to 49.2 in March, below the 50-point level that separates growth in activity from a contraction on a monthly basis. Economists polled by Reuters had forecast a reading of 50.6.

Mar 23, 2015

Rate rise prospects add to dollar drag on oil prices

SINGAPORE, March 23 (Reuters) – The foreseeable end of years of
zero interest rate policy in the United States is putting
further downward pressure on oil markets, which have already
fallen by more than half because of soaring output clashing with
slowing demand.

The strength of the U.S. dollar will weigh on oil prices and
other commodities as investors see the attraction of rising U.S.
interest rates and pull money out of assets and currencies of
countries that rely heavily on commodity exports, such as
Australia, Malaysia and Indonesia. The Federal Reserve is
expected to raise interest rates for the first time in six years
by June at the earliest.

    • About Henning

      "Henning Gloystein is Community Editor for European power, gas and coal in London. Before joining Thomson Reuters, he was Deputy Director for Markets and Strategy at the London-based environmental market consultancy IDEAcarbon, and Team Leader for European Power Markets at Platts. Before moving to London in 2007, Henning worked as a freelance reporter and photographer for German and Latin American broadsheets and magazines, with assignments in Colombia, East Timor and Turkey. Henning has a Master’s degree in History and Politics from Humboldt University in Berlin."
      Languages:
      English, German, French, Spanish
    • More from Henning

      Publications:
      Three Borders
      Athena Press, 2007
    • Follow Henning