Senior Market Analyst, Commodities and Energy
John's Feed
Apr 22, 2015

Strong demand to rebalance oil market by early 2016: Kemp

LONDON, April 22 (Reuters) – Global oil demand is set to
rise by 1 million or even 1.5 million barrels per day (bpd) in
2015, according to a range of forecasters.

Coupled with a fall in shale output in the second half of
the year, as the decline in the U.S. rig count takes effect,
that should be enough to bring the oil market near to balance by
early 2016.

Apr 21, 2015

Cheaper fuel to boost container shipping: Kemp

LONDON, April 21 (Reuters) – Lower oil prices are sharply
reducing the cost of shipping merchandise from Asia to the
United States and Europe as the cost of bunker fuel tumbles.

Container shipping companies deal with the volatility in
fuel prices by adding a separate bunker adjustment factor or
fuel surcharge to their freight rates.

Apr 20, 2015

Speculators divided over U.S. oil prices: Kemp

LONDON, April 20 (Reuters) – Despite the surge in U.S. oil
prices, hedge funds are still divided about what will happen
next, according to the latest data from the Commodity Futures
Trading Commission (CFTC).

Hedge funds and other money managers held long positions in
WTI-linked futures and options equivalent to 396 million barrels
of oil on April 14.

Apr 17, 2015

Prospect of nuclear deal is already weighing on oil prices: Kemp

LONDON, April 17 (Reuters) – Lifting sanctions on Iran’s oil
industry could significantly change the outlook for oil supply
and prices, the head of the U.S. Energy Information
Administration told U.S. legislators.

“If and when sanctions are lifted, EIA’s baseline forecast
for world crude oil prices in 2016 could be reduced $5-$15 per
barrel,” Adam Sieminski said to the Senate’s Committee on Energy
and Natural Resources on Thursday.

Apr 16, 2015

U.S. refineries start to absorb surplus crude stocks: Kemp

LONDON, April 16 (Reuters) – U.S. refiners have come back
unusually early from the maintenance season to maximise
throughput of cheap crude and turn it into valuable products in
time for the summer driving demand surge.

Refinery run rates normally begin to rise around now as
maintenance ends and refineries come back online, but this year
production is rising unusually early and fast.

Apr 15, 2015

Iran’s tantalizing oil prize: Kemp

LONDON, April 15 (Reuters) – Iran contains some of the
largest and most attractive petroleum resources in the world, so
any easing of sanctions could have a major impact on oil and gas
markets in the second half of the decade.

Iran’s possible re-emergence as a major exporter would force
a re-ordering of the world oil market both because of the
country’s location on the cost-curve and the quality of its oil.

Apr 13, 2015

Futures prices point to more balanced oil market in second half: Kemp

LONDON, April 13 (Reuters) – Professional commodity traders
watch spreads (differences between the prices for adjacent
futures contracts) rather than spot prices as the best indicator
of the balance between supply and demand.

In crude, the narrowing spreads for both Brent and West
Texas Intermediate (WTI) indicate a closer balance between
supply and demand in the second half of the year than in the
first.

Apr 11, 2015

Oil wells in England’s green and pleasant land

LONDON (Reuters) – There could be up to 100 billion barrels of oil onshore beneath southern England, the chief executive of a small exploration firm told the BBC in an interview on Thursday. To which the correct response is “yes, but”.

Based on an analysis of samples from a single well drilled near London’s Gatwick airport, UK Oil and Gas Investments estimates there could be 158 million barrels per square mile in the local area.

Apr 9, 2015

Oil wells in England’s green and pleasant land: Kemp

LONDON, April 9 (Reuters) – There could be up to 100 billion
barrels of oil onshore beneath southern England, the chief
executive of a small exploration firm told the BBC in an
interview on Thursday. To which the correct response is “yes,
but”.

Based on an analysis of samples from a single well drilled
near London’s Gatwick airport, UK Oil and Gas Investments
estimates there could be 158 million barrels per square mile in
the local area.

Apr 8, 2015

U.S. oil production is probably peaking right now: Kemp

LONDON, April 8 (Reuters) – U.S. crude production will peak
this month, according to revised forecasts published by the
country’s Energy Information Administration (EIA).

Output will average 9.37 million barrels per day (bpd) in
April and the same in May before falling to 9.33 million bpd in
June and 9.04 million bpd by September, the EIA predicted in the
April edition of its Short-Term Energy Outlook (STEO).

    • About John

      "John joined Reuters in 2008 as one of its first financial columnists, specialising in commodities and energy. While his main focus is on oil markets, he has written broadly on the emergence of commodities as an asset class, regulatory issues and macroeconomic themes. Before joining Reuters, John spent seven years as a senior analyst for Sempra Commodities (now part of JP Morgan) covering base metals and crude oil. Previously, he worked as an analyst on world trade, banking and financial regulation for consultancy Oxford Analytica."
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