Excess supply and low demand mean that crude oil could touch a low of $58 September 27, 2009 SEPTEMBER has been a good month for major oil exploration and production companies, with a number of giants such as BP and Tullow striking black gold in recent weeks, sending their share prices soaring. BP’s share price rose more than 4 per cent following the announcement, while Tullow saw a similar gain. But while the [...]
The return of risk appetite boosts nuclear, natural gas and coal ETFs September 23, 2009 WITH the UN climate change summit and the G20 meeting later this week, countries’ energy policy is expected to be a hot topic this autumn in the build up to the UN climate change conference being held in Copenhagen in December. Pressure is building on advanced economies to reduce their carbon emissions and develop cleaner [...]
WHAT THE OTHER PAPERS SAY THIS MORNING September 20, 2009 THE SUNDAYSThe Sunday TelegraphTRUELL TO CONSOLIDATE UK PENSIONS Renowned City investor Edmund Truell is gearing up for a fresh round of acquisitions to drive consolidation in the UK pensions market. Truell, who founded private equity house Duke Street, said he was exploring targets for his Pension Corporation vehicle and had seen a growing interest from [...]
Crude rises to an eight-month high on hopes the global downturn is easing June 11, 2009 OIL climbed above $72 a barrel yesterday, an eight-month high, after research body the International Energy Agency (IEA) raised its global forecast on rising hopes the economic recession is easing. Paris-based IEA, which advises 28 nations, boosted its global estimate for daily oil demand by 120,000 barrels to 83.3 million barrels in its monthly report. [...]
Crude rises to an eight-month high on hopes the global downturn is easing June 11, 2009 OIL climbed above $72 a barrel yesterday, an eight-month high, after research body the International Energy Agency (IEA) raised its global forecast on rising hopes the economic recession is easing. Paris-based IEA, which advises 28 nations, boosted its global estimate for daily oil demand by 120,000 barrels to 83.3 million barrels in its monthly report. [...]
Oversupply will dictate crude’s price far more than sentiment May 18, 2009 LAST week, oil prices touched the $60-a-barrel mark, almost double the low of $32 that they were in February. A reason to be cheerful? The International Energy Agency (IEA) clearly thought so last Tuesday, when its executive director Nobuo Tanaka indicated that the IEA was unlikely to reduce its demand forecast for 2009. But that opinion [...]
We need to rekindle our belief in the free market June 29, 2009 I ASKED my Iranian friends last week while the Twitter revolution burned bright in Tehran whether the fact that Iraq was now a democratic nation – albeit one with security issues – was a factor in the people’s non-acceptance of the election results. I half expected a “Silly American – no not at all” response. [...]
It’s time to start re-thinking your attitude to trading the oil market July 12, 2009 WHAT a difference a year makes. With crude oil sinking below $60 a barrel on Friday for the first time since mid-May, it seems incredible that it was only 12 months ago that oil hit a record high of $147 a barrel, fuelling speculation among industry players that it could reach $250. Oil prices had [...]
It’s time to start re-thinking your attitude to trading the oil market July 12, 2009 WHAT a difference a year makes. With crude oil sinking below $60 a barrel on Friday for the first time since mid-May, it seems incredible that it was only 12 months ago that oil hit a record high of $147 a barrel, fuelling speculation among industry players that it could reach $250. Oil prices had [...]
WHAT THE OTHER PAPERS SAY THIS MORNING May 14, 2009 FINANCIAL TIMESQINETIQ TO SELL UK UNDERWATER SYSTEMS ARM Qinetiq, the defence research group, has agreed to sell its UK underwater systems business for £23.5m as it continues to restructure its European division. Atlas Elektronik will take over the business, which makes sonar acoustic counter measures for customers such as the Royal Navy, protecting about 220 [...]