Correspondent, London
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Nov 14, 2013

Oil rises on U.S. stimulus, IEA outlooks

LONDON, Nov 14 (Reuters) – Brent oil rose towards $108 per
barrel on Thursday, bolstered by Federal Reserve comments which
reassured investors that the U.S. would maintain stimulus
measures for now, and a warning of likely rising prices from the
International Energy Agency (IEA).

U.S. crude fell however, pressured by expectations of a rise
in U.S. crude inventories.

Nov 6, 2013

Oil traders play shale boom’s knock-on effects

LONDON, Nov 6 (Reuters) – The U.S. shale boom is causing a
cascading series of changes in global energy markets that are
altering the landscape for oil trading houses and opening up new
ways for them to profit, a leading Swiss trader said.

“In the energy complex specifically, the shale gas boom and
plentiful supply of gas have created a series of very
interesting and complex knock-on effects,” Daniel Jaeggi,
co-founder of Swiss trading house Mercuria, told the Reuters
Global Commodities Summit.

Nov 6, 2013

Oil rises to $106, lifted by Libya, product supply drop

LONDON, Nov 6 (Reuters) – Brent oil rose to $106 a barrel on
Wednesday, supported by a fall in U.S. oil product inventories
and worries about prolonged weakness in supply from Libya as the
peak winter heating season looms.

Brent crude gained 68 cents to $106.01 a barrel by
0848 GMT, after settling 90 cents lower at a four-month low in
the previous session. U.S. oil rose 70 cents to $94.07,
after ending $1.25 down at its lowest in five months.

Oct 31, 2013

Oil slips on Fed outlook, Libya supports

LONDON, Oct 31 (Reuters) – Brent oil slipped towards $109 on
Thursday as the U.S. Federal Reserve’s latest policy statement
was less dovish than some had expected, prompting fears that an
easy money regime that had supported commodities may soon end.

Brent was still set to end October, however, with its fourth
monthly gain in five as disruptions to shipments from major
producer Libya kept supply tight.

Oct 25, 2013

Deal saves Scotland’s Grangemouth oil refinery, plant

LONDON, Oct 25 (Reuters) – A rescue of the Grangemouth
refinery and petrochemical plant in Scotland was secured on
Friday as the union and the company reached a deal, saving 1,400
jobs and preventing a heavy blow to Scotland’s economy.

The Unite union, the largest in Britain, agreed to a freeze
in pay and a cut in pension benefits and pledged it would not
strike for three years.

Oct 24, 2013

Union accepts Ineos demands to avert Scottish refinery’s closure

LONDON (Reuters) – Britain may avert the closure of the Grangemouth refinery and petrochemical plant after union leaders said on Thursday they had accepted demands from the management in an effort to save 1,400 jobs.

Scottish government officials met union leaders and management at Grangemouth on Thursday in hopes of persuading the operator, Swiss-based chemicals group Ineos, to re-open the plant, the largest industrial site in Scotland and its only refinery.

Oct 24, 2013

Union accepts Ineos demands to avert Grangemouth refinery’s closure

LONDON (Reuters) – Britain may avert the closure of the Grangemouth refinery and petrochemical plant after union leaders said on Thursday they had accepted demands from the management in an effort to save 1,400 jobs.

Scottish government officials met union leaders and management at Grangemouth on Thursday in hopes of persuading the operator, Swiss-based chemicals group Ineos, to re-open the plant, the largest industrial site in Scotland and its only refinery.

Oct 23, 2013

Ineos says to close UK chemical plant, decide on refinery

LONDON, Oct 23 (Reuters) – Ineos said on Wednesday it would
close its petrochemical plant in Grangemouth, and the future of
Scotland’s only refinery remained under threat as the company
said it would reopen the facility only if the threat of strike
action was removed.

The 210,000-barrels-per-day refinery, shut last week due to
a dispute, provides most of the fuel for Scotland. It and the
petrochemical plant in total employ around 1,400 staff.

Oct 21, 2013

Britain’s Grangemouth oil refinery on brink of closure

LONDON, Oct 21 (Reuters) – A major British oil refinery was
on the brink of permanent closure on Monday due to a bitter
industrial dispute and strong foreign competition set against
poor European demand in a sector overpopulated with plants.

Workers at Grangemouth, Scotland’s only refinery, were set
to reject the latest offer from owners Swiss-based Ineos in a
dispute over pensions and benefits, with a 1700 GMT deadline
looming, the Unite union said.

Oct 21, 2013

Majority of workers set to reject Ineos Grangemouth offer-union

LONDON, Oct 21 (Reuters) – A majority of workers at the
Grangemouth refinery and petrochemical plant in Scotland will
reject the offer of reduced terms and conditions from the
plant’s operator Ineos, the Unite union said on Monday.

“I’ve been told that only around 300 people so far have
accepted the company’s offer, which is just around one in five
of the workforce so it’s a very small amount,” Pat Rafferty,
Scottish secretary of Unite, Britain’s largest union told
Reuters.

    • 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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