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World economy 14th May 2014

China, this is not the giant oil rig you’re looking for

By Ray Kwong | It’s not an “ultimate weapon” like the Death Star from the Star Wars movie franchise, but the giant oil rig that China has parked just 140 miles away from Hanoi is equally as ominous. Much as the Galactic Empire used the Death Star’s presence to keep the weak in line, China’s decision to position the rig in the South China Sea in an area claimed by Vietnam is a demonstration of its regional muscle and resolve to assert its territorial claims.

 

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World economy 3rd December 2013

Oil Market Outlook 2014 No turning point for prices yet

LONDON | By Barclays analysts | Although there is a train of thought that the sharp acceleration in US crude oil supply growth will sooner or later result in a turning point for oil prices and a possible price collapse, our analysis suggests 2014 is too early for that.

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World economy 8th October 2013

Mexico Faces Oil Revolution -and a Dilemma

MEXICO CITY | By David Brunat | “If Mexico is capable of passing its energy reform in a way that enables them to attract foreign investment, it will mean that Canada, United States and Mexico will altogether become the new Middle East in terms of gas and oil production,” U.S. Congressman Henry Cuellar recently said. For some experts the North American country is dealing with its most important political decision of the last century.

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World economy 6th September 2013

Syrian crisis makes oil an investors’ bunker

NEW YORK | By Ana Fuentes | With the Syrian crisis dominating the G20 summit agenda, investors are expectant about the coming events and looking for the best plan. For many analysts oil is a better bet than sovereign bonds, since crude oil prices could jump more than 20 percent if a U.S. military strike drags other countries into the Syrian conflict.

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Markets 26th October 2012

Low oil prices, for the moment

Oil prices fell below 110 dollars per barrel and are lower than last year’s levels. Watch Saudi Arabia and Iran, though, note CaixaBank analysts.

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World economy 20th June 2012

Widespread drops among commodities

By CaixaBank research team, in Barcelona | Oil intensified its correction and, between 20 April and 21 March fell by 10.7%, reaching 109.10 dollars per barrel (Brent quality, for one-month deliveries). Crude was therefore 1.1% above its level at the start of 2012 but 2.1% below its level of a year ago, which will pull down April and May's CPI in most economies. Oil prices confirm that they are following…

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Companies 25th May 2012

Repsol Sinopec’s Campos Basin in Brazil one of largest findings in 2012

MADRID | Repsol Sinopec Brasil reported it estimates that Block BM-C-33, in the deepwater Campos Basin, contains resources of more than 700 million barrels of light oil and 3 trillion cubic feet of gas. Partner companies are now working on an appraisal plan for the area. Repsol Sinopec Brasil is the operator of the discovering consortium, holding 35%, also joined by Statoil (35%) and Petrobras (30%). Block BM-C-33, off the coast…

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World economy 6th March 2012

Long read | JP Morgan’s Colin Fenton (II): “EU secondary oil refineries to revive”

WASHINGTON | Second part of our conversation with Colin Fenton, global head of Commodities Research and Strategy at J.P. Morgan. What will be the effect of the closing of Iranian exports to Europe. Will it take a lot of time or effort to adapt European oil refineries to other types of oil? It always take some time to adapt, and reorientation of supply pathways, especially with trade barriers, tends to have…

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World economy 6th March 2012

Long read | JP Morgan’s Colin Fenton: “Oil price $130 per barrel by 2014”

WASHINGTON | Colin Fenton is the global head of Commodities Research and Strategy at J.P. Morgan. Fenton believes that there is margin for higher energy prices, with limited economic damage. Brent and WTI are behaving virtually like “two different commodities”, as one trader put it last week. Asia, tied to Brent oil, has relatively strong oil demand and limited supply, while the US is experiencing an energy production renaissance in the context…