Senior Market Analyst, Commodities and Energy
John's Feed
Jun 17, 2014

U.S. petcoke exports surge as demand at home falls

LONDON (Reuters) – Petroleum coke exports from U.S. refineries hit a near-record 642,000 barrels per day in March as cheap natural gas and emissions regulations have slashed domestic consumption and forced producers to look abroad.

Coke consumption by U.S. power producers has dropped to around 5 million tonnes per year from almost 8 million a decade ago, according to the U.S. Energy Information Administration.

Jun 13, 2014

U.S. may have to ‘drink cup of poison’ on Iran: Kemp

LONDON (Reuters) – In 1988, Supreme Leader Ayatollah Ruhollah Khomeini “drank the cup of poison” and agreed to a U.N.-mediated ceasefire with Saddam Hussein to end the devastating Iran-Iraq war.

For Iran’s leader, whose country suffered nearly a million deaths at the hands of the enemy, with countless more wounded, the bitterness can only be imagined, but it must have seemed better than continuing to fight.

Jun 12, 2014

As chaos spreads, oil market risks are rising: Kemp

LONDON, June 12 (Reuters) – Iran, Syria, Sudan, Libya,
Nigeria and now Iraq: the crude oil market has weathered a long
list of actual and threatened supply shocks with remarkable
calm.

According to the U.S. Energy Information Administration
(EIA), unplanned disruptions have removed around 2.5 million
barrels per day from the crude market since the start of 2011.

Jun 11, 2014

Political meddling is at the root of India’s power problems

LONDON (Reuters) – For decades, India’s power engineers had a dream: “One Nation. One Grid. One Frequency.”

At the start of this year, that vision was realized. India finally has a nationwide power system stretching from Tamil Nadu in the south to Kashmir in the north, Gujarat in the west to Nagaland in the east.

Jun 11, 2014

U.S. fracking giant goes to China: Kemp

LONDON, June 11 (Reuters) – Start-of-the-art American
fracking technology is coming to China’s vast shale deposits as
a result of a joint venture between FTS International and
Sinopec announced on Tuesday.

SinoFTS, as the joint venture will be called, marks an
important milestone on the road to exporting the North American
shale revolution around the world.

Jun 10, 2014

Column – Political meddling is at the root of India’s power problems: Kemp

LONDON (Reuters) – For decades, India’s power engineers had a dream: “One Nation. One Grid. One Frequency.”

At the start of this year, that vision was realised. India finally has a nationwide power system stretching from Tamil Nadu in the south to Kashmir in the north, Gujarat in the west to Nagaland in the east.

Jun 10, 2014

Political meddling is at the root of India’s power problems: Kemp

LONDON, June 10 (Reuters) – For decades, India’s power
engineers had a dream: “One Nation. One Grid. One Frequency.”

At the start of this year, that vision was realised. India
finally has a nationwide power system stretching from Tamil Nadu
in the south to Kashmir in the north, Gujarat in the west to
Nagaland in the east.

Jun 6, 2014

China’s Nine Dash Line and the Law of the Sea: Kemp

LONDON, June 6 (Reuters) – Territorial disputes over tiny
islands and reefs in the South China Sea are poisoning relations
between China and its neighbours in Southeast Asia.

“In recent months, China has undertaken destabilising,
unilateral actions asserting its claims in the South China Sea,”
U.S. Defense Secretary Chuck Hagel told an audience in Singapore
last month.

Jun 4, 2014

U.S. EPA goes (relatively) easy on coal: Kemp

LONDON, June 4 (Reuters) – Despite the heated war of words
between supporters of the coal industry and environmentalists,
the Obama administration’s Clean Power Plan is relatively
generous to coal interests.

By carefully selecting the baseline against which emission
reductions will be measured and giving states a long period to
come into compliance, the proposed rule is much less radical
than it appears.

Jun 2, 2014

U.S. refiners struggle with too much light crude: Kemp

LONDON, June 2 (Reuters) – Most of the extra oil produced in
the United States in the next two years will be light crudes and
condensates that domestic refineries will struggle to process -
intensifying pressure for at least a partial relaxation of the
country’s export ban.

U.S. oil production is set to increase by another 2 million
barrels per day in 2014-15. More than 60 percent of the forecast
growth will consist of light oils with a specific gravity of 40
degrees API or higher, according to the U.S. Energy Information
Administration (“U.S. crude oil production forecast: analysis of
crude types”, May 29).

    • 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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