Senior Market Analyst, Commodities and Energy
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Sep 20, 2013

Industry report on banks and commodities fails to convince: Kemp

LONDON, Sept 20 (Reuters) – If the Securities Industry and
Financial Markets Association (SIFMA) hoped to convince U.S.
policymakers banks should be allowed to carry on trading
physical commodities by commissioning a report from independent
consultants then it is set to be disappointed.

“The role of banks in physical commodities,” a 70-page
report funded by the trade group for major banks and financial
firms in the United States, published on Thursday, provides a
thorough overview of the multiple roles banks play in
contemporary commodity markets.

Sep 13, 2013

US gas exports to Asia will narrow, not shut price gap: Kemp

LONDON, Sept 13 (Reuters) – Large-scale gas exports from the
United States will narrow the gap between U.S. domestic prices
and those in Asia, but the boost to U.S. domestic gas prices is
likely to be smaller than U.S. gas producers hope and consumers

In October, gas importers in Japan and Korea will pay more
than $15 per million British thermal units for shipments of
liquefied natural gas (LNG), compared with under $10 for
importers in Britain and less than $4 for importers in the
United States, according to the U.S. Federal Energy Regulatory

Sep 12, 2013

U.S. LNG exports will be higher than expected: Kemp

LONDON, Sept 12 (Reuters) – Based on regulatory approvals so
far and sales contracts already signed, the United States will
export much more liquefied natural gas (LNG) by the end of the
decade than most analysts thought possible even a year ago.

In late 2011, the U.S. Department of Energy commissioned
NERA Economic Consulting to study the impact of exports on the
U.S. economy under a number of scenarios.

Sep 10, 2013

In Australia, CO2 storage gets a big boost: Kemp

LONDON, Sept 10 (Reuters) – Australia’s prime minister-elect
Tony Abbott has pledged to repeal the country’s carbon tax to
boost economic competitiveness, so it is ironic that Australia
is about to host the world’s most ambitious project for
capturing carbon dioxide and storing it underground.

Starting in 2014/15, Chevron will begin injecting 120
million tonnes of pressurised supercritical carbon dioxide 2.5
kilometres underground as part of its giant Gorgon LNG project.

Sep 9, 2013

On Syria, voters have lost faith in the experts: Kemp

LONDON, Sept 9 (Reuters) – Syria has revealed a deep rift
between international relations experts and ordinary voters in
Britain, France and the United States over intervening in the
country following the apparent use of chemical weapons.

In 2008, the financial crisis revealed that the “masters of
the universe” who ran the banks were not actually all that good
at controlling risk – leading to a sharp reduction in their
status and influence with politicians and the public.

Sep 5, 2013

Shale cools the engineering market: Kemp

LONDON, Sept 5 (Reuters) – The market for giant engineering
projects has begun to cool after running red hot for a decade.
Mining companies have been among the most aggressive in
postponing or cancelling projects, but major capital
expenditures are also being deferred by oil and gas companies
and refiners.

Like most other developments in the oil and gas sector, the
changing environment for large-scale projects stems from the
shale revolution. Shale has transformed the outlook for oil
prices and sources of supply that underpinned so many of the
megaprojects launched earlier in the century.

Sep 3, 2013

Backlogs shrink for oil and gas megaprojects: Kemp

LONDON, Sept 3 (Reuters) – Order books for major engineering
and construction companies serving the oil and gas sector have
fallen in the last year, pricing is becoming increasingly
aggressive and profit margins have shrunk, all of which suggest
pressures on the engineering supply chain are starting to ease.

Exploration, production and refining in the petroleum
industry as well as the supply chain are characterised by long
lead times as well as long and pronounced investment and price

Sep 2, 2013

Your kids should consider petroleum engineering: Kemp

LONDON, Sept 2 (Reuters) – Encouraged by some of the highest
starting salaries available in any industry, record numbers of
students are enrolling in petroleum engineering courses at U.S.

It is part of a broader renaissance in engineering
education, which should eventually ease severe skill shortages
in the oil and gas sector.

Aug 29, 2013

Could oil prices fall on Syria strike? Kemp

LONDON, Aug 29 (Reuters) – The rapid rise in oil prices
since the beginning of June has all hallmarks of a mini-bubble,
drawing in a host of hedge funds and money managers, nearly all
of whom are positioned the same way, expecting prices will rise

The question is whether it will inflate further, or is about
to burst?

Could the commencement of military action against targets in
Syria be the trigger for oil prices to turn lower?

Aug 27, 2013

Fracking fears expose confusion about risk: Kemp

LONDON, Aug 27 (Reuters) – Should oil and gas producers be
allowed to hydraulically fracture wells even if there is a small
but hard-to-quantify risk to the environment, property and human

That is the question politicians, environmentalists, local
residents and the media are all grappling with across large
parts of the United States, Britain and other countries.

    • 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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