Senior Market Analyst, Commodities and Energy
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Feb 26, 2013

Glencore’s Glasenberg, live and unplugged: Kemp

LONDON, Feb 26 (Reuters) – “What we’ve got to do, when the
markets do get stronger, no need to keep building a new asset
and let’s keep the market tight for a while,” Glencore Chief
Executive Ivan Glasenberg said in remarks about overinvestment
in the mining industry.

Glasenberg’s comments underlined the case for vigilant
antitrust enforcement in the mining sector.

Feb 20, 2013

Sinking City’s lessons for fracking: Kemp

LONDON, Feb 20 (Reuters) – Few places on earth bear the
scars of oil production like Long Beach, California.

Parts of the city have sunk by as much as 29 feet from their
original level because of subsidence caused by extraction of
billions of barrels of oil from the giant Wilmington field lying
directly beneath the city’s streets and the adjoining harbour.

Feb 18, 2013

U.S. refiners focus on exporting to Latin America: Kemp

LONDON, Feb 18 (Reuters) – Most analysts still write about
the U.S. fuel market as if it were a closed system, with
refiners importing crude to meet domestic needs and bringing in
some extra gasoline from Europe to meet peak demand during the
summer driving season.

But that model has long ceased to be an accurate description
of how the system works.

Feb 15, 2013

Obama’s Sphinx-like energy policy: John Kemp

LONDON, Feb 15 (Reuters) – President Barack Obama’s policy
on energy and climate change remains inscrutable, full of
strategic ambiguity, which probably suits him just fine.

The soaring rhetoric in his State of the Union address -
“for the sake of children and our future we must do more to
combat climate change” – masks a more complicated, some would
say pragmatic, approach to the role of clean technology and
fossil fuels in meeting future energy demands while curbing
greenhouse gases.

Feb 11, 2013

FutureGen presses on with oxyfuel technology: Kemp

LONDON, Feb 11 (Reuters) – Following President Barack
Obama’s second inaugural address, which reaffirmed his
commitment to clean energy, there has been mounting speculation
the administration will impose stricter emission standards on
existing coal-fired power plants across the United States.

Cutting emissions from existing coal-fired plants is
essential to the administration’s goal of limiting carbon
dioxide (CO2) emissions.

Feb 11, 2013

FutureGen presses on with oxyfuel technology: Kemp

LONDON, Feb 11 (Reuters) – Following President Barack
Obama’s second inaugural address, which reaffirmed his
commitment to clean energy, there has been mounting speculation
the administration will impose stricter emission standards on
existing coal-fired power plants across the United States.

Cutting emissions from existing coal-fired plants is
essential to the administration’s goal of limiting carbon
dioxide (CO2) emissions.

Feb 8, 2013

Keystone, the long way round to China: John Kemp

LONDON, Feb 8 (Reuters) – Canada badly needs to find a way
to get its crude to customers in Asia and avoid the oversupplied
North American market to fetch a better price for its oil.

Surging output of light sweet oils from North Dakota and
Texas is crowding out demand for heavier, sourer crudes from
Alberta – pushing the price of blends such as Western Canadian
Select (WCS) to a $25 discount against West Texas Intermediate
(WTI) and down as much as $45 against Brent.

Feb 6, 2013

Murkowski’s energy report shows scope for compromise: Kemp

LONDON, Feb 6 (Reuters) – Abundant, affordable, clean,
diverse and secure energy is in the U.S. national interest.

So finds a report on the future of the country’s energy
system published on Monday by Senator Lisa Murkowski, the
highest-ranking Republican on the Senate Energy and Natural
Resources Committee.

Feb 5, 2013

Tribes call for faster drilling on Indian lands: Kemp

LONDON, Feb 5 (Reuters) – Native American communities are
often portrayed as victims of avaricious oil and gas drillers
and pipeline companies, who despoil the prairie with little
thought for sacred sites.

In fact, tribes are some of the largest petroleum developers
in the United States and are pressing the federal government for
more control over drilling on their own territory.

Feb 1, 2013

Saudi Arabia must shoulder blame for high oil prices: Kemp

LONDON, Feb 1 (Reuters) – Spot Brent prices are at
their highest level since October and almost $16 (16 percent)
above Saudi Arabia’s theoretical target of around $100 per
barrel.

“Current high oil prices are a major challenge … for the
global economic recovery,” the International Energy Agency’s
chief economist Fatih Birol warned on Thursday.

    • 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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