Senior Market Analyst, Commodities and Energy
John's Feed
Jun 17, 2015

Cheaper prices spur U.S. gasoline demand: Kemp

LONDON, June 17 (Reuters) – Strong growth in demand for
refined fuels such as gasoline and diesel is helping to
rebalance the global oil market, according to most observers.

“Recent oil market strength … stems partly from
unexpectedly strong oil demand growth,” the International Energy
Agency explained in its June monthly oil market report.

Jun 16, 2015

North Dakota’s oil production has peaked: Kemp

LONDON, June 16 (Reuters) – North Dakota’s crude oil output
has peaked, according to the latest production data published by
the state government, as the slump in prices takes its toll.

The state produced 1.17 million barrels per day (bpd) in
April, down from a peak of 1.23 million in December, the
Department of Mineral Resources (DMR) reported on Friday.

Jun 10, 2015

Global oil demand slowed to a crawl in 2014: Kemp

LONDON, June 10 (Reuters) – World oil demand grew by just
843,000 barrels per day (bpd) last year, the slowest pace for 14
years, outside U.S. recessions.

Consumption increased by less than 1 percent to 92.1 million
bpd in 2014, according to the BP Statistical Review of World
Energy published on Wednesday (

Jun 9, 2015

Operational excellence becomes oil industry watchword (again): Kemp

LONDON, June 9 (Reuters) – Cost-cutting is set to remain the
main focus for the oil industry for at least the next two years
as petroleum producers adjust to an environment of much lower

If the boom was characterised by an emphasis on ambitious
and complex engineering and technology projects, the downturn
has brought a renewed focus on simplification and efficiency.

Jun 8, 2015

OPEC adjusts to new oil market reality: Kemp

LONDON, June 8 (Reuters) – OPEC has never really been a
“cartel” in the conventional sense of an organisation that
agrees to restrict output to maximise revenues.

So its decision on Friday not to cut production was entirely
predictable and the only practical option open to its members.

Jun 3, 2015

U.S. oil inventories will shrink as contango disappears: Kemp

LONDON, June 3 (Reuters) – The vanishing contango in U.S.
crude oil futures points to a sharp draw down in crude stocks
over the next few months as the incentive to store excess oil

The price for storing U.S. crude for six months has shrunk
from around $8.75 per barrel in mid-March to $1.25 on Tuesday (

Jun 2, 2015

Crude processed by U.S. refiners gets lighter and lighter: Kemp

LONDON, June 2 (Reuters) – U.S. refineries are processing
the lightest cocktail of crudes for almost a quarter of a
century, as they run out of room to switch light imported oils
with domestic shale production.

In March, U.S. refineries processed crude with an average
gravity of 31.95 degrees API, the lightest combination since
April 1991, according to data from the U.S. Energy Information
Administration (EIA).

Jun 1, 2015

U.S. shale and OPEC, the altered balance of power: Kemp

LONDON, June 1 (Reuters) – Two landmark events this month
will underscore the extent to which the oil market’s balance of
power has been transformed by the shale revolution.

In Washington, Congress will begin considering legislation
to permit the export of crude oil from the United States,
reversing a four decade ban put in place after the first oil
crisis in 1973/74.

May 28, 2015

Maritime disputes test China’s peaceful rise: Kemp

LONDON, May 28 (Reuters) – The South China Sea has become
the most important testing ground for the changing economic,
political and military relationship between China and the United

The islands, rocks, reefs and shoals at the heart of the
dispute – most of them uninhabited and submerged at high tide –
cover just a few square kilometres of a sea area that extends
over 3 million square kilometres.

May 26, 2015

Driving is making a comeback in the US: Kemp

LONDON, May 26 (Reuters) – California motorists consumed an
extra 34,500 barrels of gasoline every day in February compared
with the same month last year, state tax records show.

The state is just part of a nationwide surge in driving that
has pushed U.S. gasoline consumption up by more than 300,000
barrels per day compared with last year.

    • 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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