DailyFX Tips & Picks: How traders can handle geopolitical risk in the markets June 16, 2014 WITH uncertainty comes strong market moves – the latest example being the tense situation in Iraq. The effect on oil markets has not been delayed, and we have already experienced a strong price surge. And oil prices could rise even higher, given market panic. This is the effect of geopolitical risk. The other geopolitical risk [...]
Opec maintains forecast for oil demand in 2014 May 13, 2014 THE ORGANISATION of the Petroleum Exporting Countries (Opec) yesterday maintained its forecast for world oil demand growth in 2014 and predicted “a fairly balanced market this year”, ahead of a meeting in Vienna next month to consider adjusting its output target. In its monthly report, Opec maintained its forecast that global oil demand will rise [...]
Banker’s oath? Pah! How about threaten them with ye old bag of adders? July 29, 2014 The launch of ResPublica’s Virtuous Banking Report, from which the now famous suggestion of a banker’s oath sprung, caused quite a commotion yesterday. When Lord Phillips asked former CBI director general Sir Richard Lambert why more bankers were not in jail for their misdeeds, Lambert responded with a pertinent history lesson. “You should read the [...]
Energy crunch: Oil prices rise over Iraq fears as cost of gas jumps after Ukraine cut-off June 16, 2014 Fears of a disruptive energy price spike grew yesterday as conflict escalated in Iraq and Ukraine’s gas supplies from Russia were abruptly cut off. Experts warned that growing geopolitical risk could send oil and gas prices sharply upwards, prompting a more severe market reaction and even a slowdown in the global economic recovery. The US [...]
BP signs a key oil trade deal with Rosneft November 12, 2013 RUSSIAN oil behemoth Rosneft said yesterday is plans to sell about $6bn (£3.7bn) worth of refined products to BP, establishing the British firm among its biggest buyers after years without any such deal. The latest transaction comes on top of a $5.3bn deal for BP to buy crude, agreed earlier this year. Both came only [...]
Renewables not fossil fuels are a threat to energy security says new report June 3, 2014 The widespread use of wind and solar energy poses a serious risk to the UK’s energy security and could undermine the reliability of the country’s energy supply, according to a new report from the Global Warming Policy Foundation (GWPF). The crisis in Ukraine and Crimea has focused the minds of policy makers on energy security. [...]
Renewables not fossil fuels are a threat to energy security says new report June 3, 2014 The widespread use of wind and solar energy poses a serious risk to the UK's energy security and could undermine the reliability of the country's energy supply, according to a new report from the Global Warming Policy Foundation (GWPF). The crisis in Ukraine and Crimea has focused the minds of policy makers on energy security. [...]
Bottom Line: Oil giant stuck in a hard place over sanctions against Sechin April 29, 2014 BP BOSS Bob Dudley is no stranger to Russian controversy. In 2008, when he was head of the oil giant’s Russian arm, he was forced to leave the country in unusual circumstances after his visa renewal was refused and officials raided the firm’s local TNK-BP offices. Since he took over as chief executive of the [...]
CNBC Comment: Why instability isn’t spooking markets July 21, 2014 THE BIGGEST point markets are making at the moment is that they aren’t making a big point. Given increased tensions around Russia and Ukraine, we are closer to war in Europe than we have been for a long time. Simultaneously, the death toll in Gaza tragically keeps rising. Yet despite these dominating geopolitical events, involving [...]
US unveils fresh sanctions wave on Moscow elite April 28, 2014 A FRESH round of sanctions on figures close to the Russian regime was announced by the American government yesterday. The list of people sanctioned included Igor Sechin, president and chairman of the board of Rosneft, an oil firm in which the Russian government is a majority shareholder and BP holds a 20 per cent stake. [...]