Community Editor for European power, gas and coal
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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.

Oct 20, 2014

Ukraine, Russia gas deal may be just enough to get through winter

LONDON (Reuters) – An interim natural gas deal by Moscow and Kiev, reached over the weekend, could supply just enough to get Ukraine through the winter as long as the weather does not become unusually cold, Reuters research shows.

Russia, Ukraine and the European Commission moved towards an agreement in late September and made further progress at the weekend.

Oct 15, 2014

Europe could save up to $80 billion in energy imports as prices plunge

LONDON, Oct 15 (Reuters) – The European Union could save up
to $80 billion in energy imports if oil prices remain low,
providing some relief to households and companies in a region
that has been laid low for the last five years.

The price of oil has dropped over a quarter since the
summer to below $85 per barrel, a level last seen in June 2010.

Oct 2, 2014

Falling energy prices point to weakening world economy

LONDON (Reuters) – A sharp fall in energy prices around the world signals worse to come for the slowing global economy as China’s decade-long boom peters out, in addition to Europe’s long struggle with recession.

The price of oil, the world’s most important fuel source, has dropped 20 percent since the summer to below $92 per barrel on Thursday, a level last seen in June 2012.

Sep 26, 2014

European winter gas prices drop, seeing possible Ukraine winter deal

LONDON, Sept 26 (Reuters) – European winter natural gas
price benchmarks dropped over 1.5 percent on Friday afternoon as
a deal between the European Union, Russia and Ukraine that would
help prevent a winter supply shortfall appeared closer.

British benchmark natural gas prices for delivery during the
winter 2014/2015 season, which starts next Wednesday, dropped
1.54 percent to 57.65 pence per therm, although prices edged
back up to 57.73 pence per therm after Ukraine’s energy minister
said there was no final deal yet, and that a decision would not
be made before early next week.

Sep 24, 2014

EU plans for Iran gas imports if sanctions go

LONDON, Sept 24 (Reuters) – The European Union is quietly
increasing the urgency of a plan to import natural gas from
Iran, as relations with Tehran thaw while those with top gas
supplier Russia grow chillier.

Two “ifs” – the removal of sanctions on Iran and the
addition of some pipeline infrastructure – are not preventing EU
planners preparing, a European Commission source involved in
developing EU energy strategy told Reuters.

Sep 12, 2014

Britain loses Europe’s gas trading crown to the Netherlands

LONDON, Sept 12 (Reuters) – Britain has been topped by the
Netherlands as Europe’s leading natural gas trading hub this
summer, ending decades of British dominance in the sector.

Britain has reigned as Europe’s busiest gas trading centre
since discoveries of North Sea oil and gas in the 1970s made it
Europe’s main producer.

    • 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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