Community Editor for European power, gas and coal
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Nov 26, 2014

Brent steadies around $78.40 ahead of OPEC meeting

SINGAPORE, Nov 26 (Reuters) – Brent crude steadied around
$78.40 a barrel on Wednesday ahead of talks by producer group
OPEC, but prices fell earlier in the session as Asia’s top four
economies showed signs of weakness.

The European benchmark was at $78.43 a barrel at
0717 GMT, off a low of $78 hit earlier in the day, while U.S.
crude was at $74.13 a barrel, up from a low of $73.64.

Nov 26, 2014

Brent crude drops towards $78 on worries over Asia’s top economies

SINGAPORE, Nov 26 (Reuters) – Oil prices dropped early on
Wednesday as Asia’s top economies showed signs of weakness, but
hopes for output cuts by producer club OPEC curbed losses

Benchmark Brent crude oil futures were trading down
20 cents at $78.13 a barrel at 0150 GMT, while U.S. crude
was 30 cents lower at $73.79 a barrel.

Nov 25, 2014

Brent crude drops to $79.50 as expectation of big OPEC cut wanes

SINGAPORE, Nov 25 (Reuters) – Brent crude oil prices fell to
$79.50 on Tuesday as traders lowered their expectation of a
significant output cut by OPEC, but the market received some
support from hopes of strengthening U.S. and German GDP data.

Oil ministers from the Organization of Petroleum Exporting
Countries (OPEC) meet on Thursday in Vienna and some are
imploring the group to cut 1 million barrels per day or more to
support prices that have fallen about 30 percent since June on
the back of rising supply being met by cooling demand.

Nov 25, 2014

Brent crude trades below $80 as expectation of big OPEC cut wanes

SINGAPORE, Nov 25 (Reuters) – Brent crude oil prices started
Tuesday’s Asian trading under $80 a barrel as traders lowered
their expectation of a significant output cut by oil producers’
club OPEC.

Oil ministers from the Organization of Petroleum Exporting
Countries (OPEC) meet on Thursday in Vienna and some are
imploring the group to cut 1 million barrels per day or more to
support prices that have fallen about 30 percent since June on
the back of rising supply being met by cooling demand.

Nov 24, 2014

Brent climbs above $80.50 after China rate cuts; OPEC meet eyed

SINGAPORE, Nov 24 (Reuters) – Brent crude futures rose above
$80.50 a barrel on Monday ahead of a meeting of the producer
group OPEC at which an output cut will be discussed, while
China’s move to lower interest rates late last week also
underpinned prices.

Asian markets rallied on Monday with shares in Shanghai
hitting three-year highs as the prospect of further policy
stimulus in China and Europe whetted risk appetites globally
while sending the euro skidding.

Nov 24, 2014

Brent remains above $80 after China rate cuts, ahead of OPEC meeting

SINGAPORE, Nov 24 (Reuters) – Oil markets were steady in
early Asian trading on Monday, with benchmark Brent crude prices
remaining above $80 a barrel following a rally late on Friday
over China’s interest rate cut and ahead of a possible output
reduction by producer group OPEC.

Asian stock markets and the dollar rose on Monday morning,
fuelled by hopes for global growth after China rolled out a
surprise interest rate cut and the European Central Bank
indicated it would step up asset purchases to boost the euro
zone economy.

Nov 18, 2014

OW Bunker Far East to meet liquidator on Dec. 4; six more vessels arrested

SINGAPORE, Nov 18 (Reuters) – The Singapore arm of bankrupt
Danish shipping fuel trader OW Bunker will meet with its
liquidator KPMG in early December to discuss the firm’s
outstanding debt, which totals almost $1.5 billion globally.

OW Bunker, a leading supplier of marine fuel oil known as
“bunker”, filed for bankruptcy in Denmark earlier this month
after it revealed losses of at least $125 million at one of its
Singapore-based subsidiaries Dynamic Oil Trading, sending the
bunker fuel market into turmoil.

Nov 18, 2014

OW Bunker Far East to meet liquidator over debt on Dec. 4

SINGAPORE, Nov 18 (Reuters) – The Singapore arm of bankrupt
Danish shipping fuel trader OW Bunker will meet with its
liquidator KPMG in early December to discuss the firm’s
outstanding debt, which totals almost $1.5 billion globally.

OW Bunker, a leading supplier of marine fuel oil known as
“bunker”, filed for bankruptcy in Denmark earlier this month
after it revealed losses of at least $125 million at one of its
Singapore-based subsidiaries Dynamic Oil Trading, sending the
bunker fuel market into turmoil.

Nov 12, 2014

Asian LNG buyers welcome easier winter market, smaller regional deficit

TOKYO/SINGAPORE (Reuters) – Asian buyers of liquefied natural gas (LNG) face the prospect of lower import costs over winter for the first time since the Fukushima nuclear disaster in 2011, as rising supplies and steady demand narrow a supply shortfall.

Reuters analysis of supply and demand figures from exporters and importers shows Asia will be only slightly short of long-term contracted LNG volumes from October through March. If temperatures remain at or above average as forecast, the region could even be oversupplied for the first time in three years.

Nov 11, 2014

Australia faces $30 bln export revenue hit from slide in iron ore, coal

SINGAPORE, Nov 11 (Reuters) – A worldwide fall in iron ore
and coal prices is set to cut Australia’s overall export revenue
by $32 billion, equal to 2 percent of projected GDP this year,
Reuters calculations show.

Australia is by far the world’s biggest exporter of iron ore
and coal, commodities that helped it sidestep the worst of the
financial crisis.

    • 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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