Correspondent, London
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Jun 17, 2015

Oil steady as supply glut offsets robust demand

LONDON (Reuters) – Brent crude oil was stable on Wednesday as strong demand was unable to lift prices in an oversupplied market.

Brent futures were up 6 cents at $63.76 a barrel at 0738 GMT (0338 ET). Front month U.S. crude futures were up 12 cents at $60.09 per barrel.

Jun 9, 2015

“Goth Girl” author Riddell named Britain’s new Children’s Laureate

LONDON, June 9 (Reuters) – “Goth Girl” author and illustrator Chris Riddell
was named Britain’s new Children’s Laureate on Tuesday and said he would like to
use to the post to encourage children to draw as well as read.

Riddell, whose books feature finely detailed, humorous illustrations
bursting with life, said he wanted to unleash children’s imagination.

Jun 9, 2015

Oil gains on driving season demand, China stimulus hopes

LONDON (Reuters) – Oil prices gained on Tuesday as higher seasonal demand in developed economies offset the impact of a large global supply overhang.

Expectations of a fall-off in U.S. shale oil production and a weaker dollar also underpinned prices.

Jun 9, 2015

Oil gains on driving season demand, China rate cut hopes

LONDON (Reuters) – Oil prices gained on Tuesday, recouping some of the previous session’s losses, as higher seasonal demand in developed economies offset the impact of a large global supply overhang.

Brent for July delivery LCOc1 was up 95 cents to $63.64 a barrel as of 0846 GMT (0446 ET), having settled down 62 cents in the previous session.

May 13, 2015

Bookies win again versus emotion-skewed opinion polls

LONDON (Reuters) – Opinion pollsters face another post-mortem over their failure to accurately predict last week’s British election result, while world investors are paying heed to yet another win for betting markets.

Prime Minister David Cameron’s Conservatives won an outright parliamentary majority in a major upset that came after months of polls, including nearly a dozen on election day itself, showed them neck-and-neck with the main opposition Labour Party.

May 13, 2015

Analysis – Bookies win again versus emotion-skewed opinion polls

LONDON (Reuters) – Opinion pollsters face another post-mortem over their failure to accurately predict last week’s British election result, while world investors are paying heed to yet another win for betting markets.

Prime Minister David Cameron’s Conservatives won an outright parliamentary majority in a major upset that came after months of polls, including nearly a dozen on election day itself, showed them neck-and-neck with the main opposition Labour Party.

May 1, 2015

Bloomberg boosts funding of UK politics

LONDON (Reuters) – A company owned by former New York Mayor Michael Bloomberg has almost doubled its political donations in the UK over the past four years, records of electoral donations show. 

Bloomberg Tradebook, a British-registered financial markets broker and research firm owned by U.S. financial information giant Bloomberg LP, gave money to all three traditional leading parties, an approach that is unusual in the UK.

Jan 7, 2015

Brent oil slips below $50 on mounting glut, slack demand

LONDON (Reuters) – Brent crude oil fell below $50 a barrel for the first time since May 2009 on Wednesday, hammered by a growing supply glut and weak global demand.

The pace of global business growth eased to its weakest rate in over a year at the end of 2014, according to JPMorgan’s Global All-Industry Output Index, produced with Markit. Weak economic activity is adding to fears of deflation, with euro zone inflation data due later on Wednesday expected to show the first annual fall in consumer prices since 2009.

Jan 7, 2015

Shell to pay out $83 mln to settle Nigeria oil spill claims

ABUJA/LONDON, Jan 7 (Reuters) – Royal Dutch Shell
will pay out 55 million pounds ($83.4 million) in compensation
for two oil spills in Nigeria in 2008 after agreeing a
settlement with the affected community.

The largest ever out-of-court settlement relating to oil
spills in Nigeria is a step forward for the oil-rich Niger Delta
region that has been hit by regular environmental damage, but it
is tiny compared with the billions in compensation and fines BP
had to pay after the Macondo rig disaster in the Gulf of
Mexico in 2010.

Dec 30, 2014

Pricing-war hotspot for African, Gulf oil producers

SINGAPORE/LONDON (Reuters) – Asia has become a hotspot for a price war between African and Gulf oil producers who, hobbled by bulging global supplies and waning demand, are offering steep discounts to defend their market share in the world’s top net crude buying region.

The competition is welcome news for Asian buyers. If oil stays near $60 per barrel, import costs for the world’s No.2 oil consumer, China, would drop to under $125 billion a year, versus $222 billion in 2013 when crude averaged $110.

    • About Simon

      "I am a senior correspondent at Reuters in London, working on the energy desk covering the oil market, both physical and futures, with a particular focus on oil products. I have been at Reuters since January 2007, and did stints on the foreign exchange and stockmarkets desk before moving to commodities. I sometimes write lifestyle pieces, and have a particular interest in food and literature."
      Joined Reuters:
      2007
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