Community Editor for European power, gas and coal
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Nov 6, 2015

Crude oil prices edge up; but oversupply, strong dollar drag

Singapore (Reuters) – Crude oil prices edged up on Friday after falling over 2 percent the previous session, with analysts saying oversupply and a strong dollar would continue to weigh on fuel markets.

U.S. crude futures CLc1 were trading at $45.37 a barrel at 0129 GMT, up 17 cents from their last settlement, while Brent crude LCOc1 rose 14 cents to $48.12 a barrel. The slight increases came after drops the previous day on the back of climbing U.S. crude inventories.

Nov 3, 2015

Natural gas losing its shine as Asia holds faith in coal power

SINGAPORE (Reuters) – The shine is coming off once bright prospects for natural gas as the future fossil fuel of choice in Asia as power companies in India and Southeast Asia tap abundant and cheap domestic coal resources to generate electricity.

Asian loyalty to coal is shrinking the space available for natural gas just as supplies are ramping up after massive investments in U.S. and Australian output. Demand growth for natural gas is also slowing in top energy consumer China, further dampening the fuel’s prospects.

Nov 3, 2015

Crude oil prices remain under pressure from oversupply

SINGAPORE, Nov 3 (Reuters) – U.S. crude futures edged up
early on Tuesday, but the market outlook remains bearish as
supply still exceeds demand and due to worries the dollar will
strengthen when the U.S. Federal Reserve eventually raises
interest rates.

Benchmark U.S. crude futures were trading at $46.23
per barrel at 0354 GMT, up 9 cents from their last settlement
after falling in the previous session due to an expected rise in
stockpiles.

Nov 3, 2015

U.S. crude oil edges up after drops, but market remains oversupplied

SINGAPORE (Reuters) – U.S. crude futures edged up early on Tuesday, but the market outlook remains bearish as supply still exceeds demand and due to worries the dollar will strengthen when the U.S. Federal Reserve eventually raises interest rates.

Benchmark U.S. crude futures CLc1 were trading at $46.27 per barrel at 7.28 p.m. ET, up 13 cents from their last settlement. The slight rise followed falls in the previous session as Russian production hit a post-Soviet peak while China’s demand outlook weakened.

Nov 2, 2015

Weak China data weighs on oil prices

SINGAPORE (Reuters) – Oil prices dropped in Asian trading hours on Monday as analysts expected weaker demand from China in upcoming months, but firming Japanese economic data offered some support.

Benchmark U.S. crude futures had fallen 30 cents from their last settlement to $46.29 per barrel by 0731 GMT, while internationally traded Brent futures were at $49.44 a barrel, down 12 cents.

Nov 2, 2015

Oil prices drop on China demand worries

SINGAPORE (Reuters) – Oil prices fell in early trading in Asia on Monday as analysts expected weaker demand from China in upcoming months.

Benchmark U.S. crude futures CLc1 were down 41 cents from their last settlement at $46.18 per barrel at 0025 GMT (07:25 p.m. EDT). Internationally traded Brent futures LCOc1 were at $49.33 a barrel, down 23 cents.

Oct 30, 2015

European energy execs see bleak market outlook persisting

SINGAPORE, Oct 30 (Reuters) – The outlook for oil and
natural gas markets remains bleak for the rest of the year and
much of 2016, meaning there will be no let up in pressure to
control costs, executives from two European energy majors said.

Oil and liquefied natural gas (LNG) prices LNG-AS
have more than halved from peaks in 2014, eroding producer
revenues and forcing cost cuts and layoffs.

Oct 26, 2015

Oil prices could go “sharply lower” as product inventories near maximum capacity -Goldman Sachs

SINGAPORE, Oct 26 (Reuters) – Crude oil prices could drop
sharply lower as refined product storage sites come close to
maximum capacity, further adding to a glut that has already seen
crude prices fall by more than half since June 2014, Goldman
Sachs said.

Although “tank tops” – a term referring to storage
capacities hitting their maximum – were unlikely, Goldman said
that inventories were already “too close for comfort”, bearing
the potential for a sharp fall in crude prices.

Oct 26, 2015

Oil prices weak as demand seen sagging towards year-end

SINGAPORE (Reuters) – Crude oil prices remained weak on Monday as a slowing demand outlook implied oversupply will remain in place for months, prompting speculators to cut their bets on rising prices.

Front-month U.S. crude futures were trading at $44.77 per barrel at 0432 GMT, 17 cents above their last close but more than 12 percent below their October peak.

Oct 26, 2015

Oil prices remain weak as demand seen sagging towards year-end

SINGAPORE, Oct 26 (Reuters) – Crude oil prices remained weak
on Monday as a slowing demand outlook implied oversupply will
remain in place for months, prompting speculators to cut their
bets on rising prices.

Front-month U.S. crude futures were trading at $44.65
per barrel at 0253 GMT, 5 cents above their last close but more
than 12 percent lower than their October peak.

    • 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
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