Senior Market Analyst, Commodities and Energy
John's Feed
May 8, 2015

Managing earthquake risks in oil and gas production: Kemp

LONDON, May 8 (Reuters) – Underground disposal of waste
water produced from oil and natural gas wells has been blamed
for triggering thousands of small earthquakes in Oklahoma and a
number of other U.S. states since 2009.

Heightened seismic activity corresponds closely with the
timeframe and location of increased drilling and hydraulic
fracturing across the southwest United States, according to the
U.S. Geological Survey (“Incorporating induced seismicity in the
2014 United States national seismic hazard model”, 2015).

May 6, 2015

US refineries run hard to absorb crude glut: Kemp

LONDON, May 6 (Reuters) – U.S. refineries are running at
near-record levels to turn the glut of crude into gasoline and
other refined fuels ahead of the summer driving season.

U.S. refineries processed an average of 16.347 million
barrels per day (bpd) last week, an increase of almost 250,000
bpd compared with the previous week.

May 5, 2015

Rising oil prices put U.S. driving recovery at risk: Kemp

LONDON, May 5 (Reuters) – U.S. gasoline demand is running
around 300,000 barrels per day above last year’s level, as lower
pump prices and continued economic expansion encourage motorists
to use their cars more.

Estimates for gasoline supplied to U.S. customers published
by the Energy Information Administration (EIA) show demand
consistently running above the same point in 2014 (link.reuters.com/wav64w).

May 1, 2015

Forward oil prices anchor around $75: Kemp

LONDON, May 1 (Reuters) – Market participants expect the
price of Brent to average around $75 per barrel through the rest
of the decade, not much above the current level.

Spot Brent prices have risen around $20 per barrel from
their mid-January low, from $46 to $66, an increase of more than
40 percent.

Apr 30, 2015

California motorists are on the road again: Kemp

LONDON, April 30 (Reuters) – California’s gasoline sales are
rising rapidly as cheaper fuel, rising consumer confidence and a
steadily improving economy encourage motorists to use their cars
more.

Fuel wholesalers reported sales of 1.216 billion gallons of
gasoline in January, up by 3.6 percent or 42 million gallons
compared with the same month a year earlier.

Apr 29, 2015

Big data helps shipping lines cut fuel bills and emissions- Kemp

LONDON, April 29 (Reuters) – By focusing on operational
improvements, shipping companies are reducing fuel consumption,
saving money and cutting greenhouse emissions, while continuing
to increase the amount of freight transported.

Maersk Line, the world’s largest container carrier, cut fuel
consumption by more than 13 percent between 2012 and 2014, while
increasing the number of boxes carried by 11 percent, according
to company records.

Apr 28, 2015

Flying has become more energy efficient than driving: Kemp

LONDON, April 28 (Reuters) – Flying has become less energy
intensive than driving, at least in the United States, according
to the surprising findings of an analysis of energy consumption
by the University of Michigan’s Transportation Research
Institute.

Transporting one person a distance of one mile by aircraft
consumed on average the energy equivalent to 2,465 British
thermal units (BTUs), compared with 4,211 BTUs for moving one
person one mile by car, in 2012.

Apr 27, 2015

BP must remain British, says Whitehall: Kemp

LONDON, April 27 (Reuters) – “Downing Street has discreetly
let it be known in the City that it would oppose any takeover of
BP,” the Financial Times reported on Sunday.

The prime minister’s office has signalled it would make life
difficult for any bidder, although no bid has been mooted yet,
the newspaper said (“UK ministers make Gallic gesture to keep
the British in BP”, April 26).

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.

    • 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."
    • Follow John