Mon, Jul 28, 2014
A A A
Welcome kbr175@gmail.com
RSS

Commodities Briefing - Archive | January, 2010

Commodities hit a rough patch

Posted on 29 January 2010 by VRS  |  Email |Print

From WSJ: As 2010 began, investors anticipated a smooth ride up for many commodities prices. Instead, they have hit a bump in the road. The surprise: Some of the factors that investors expected to boost the market now are causing it problems.
China and other emerging markets are tapping on the growth brakes. Some commodities, including corn, have ample supply, at least for now. And though money has poured into the sector, lately it has proved fickle…………………………………Full Article: Source

Podcast Play - Download this article   |   Subscribe to the Podcast Feed

Gold, oil creating commodity bubbles: Roubini

Posted on 29 January 2010 by VRS  |  Email |Print

From Commodityonline.com: Noted global economist Nouriel Roubini says that there have been ‘excessive increases’ in gold and oil prices that is creating possible commodity bubbles.

Talking to reporters at the World Economic Forum at Davos, Switzerland, Roubini—a professor of economics at the New York University–said that there is an urgent need to curb the excessive rise in prices in commodities…………………………………Full Article: Source

Podcast Play - Download this article   |   Subscribe to the Podcast Feed

Obama reforms to spur bank commodity trader exodus

Posted on 29 January 2010 by VRS  |  Email |Print

From Reuters: U.S. moves to stop banks speculating in financial markets on their own account are likely to spawn a host of new independent commodities houses as banks sell trading units and as dealers leave to set up on their own.
Banks and trading companies say the plans flagged last week by the administration of President Barack Obama will almost certainly take more than a year to enact, and they suggest the eventual legislation may not be as tough on banks as expected…………………………………Full Article: Source

Podcast Play - Download this article   |   Subscribe to the Podcast Feed

Why Buffett and Soros hate gold

Posted on 29 January 2010 by VRS  |  Email |Print

From Commodityonline.com: You may have noticed that Buffett and Soros seem to be in a PR contest for the position of spokesperson for the future of the USA. Many Americans erroneously see gold as anti-American and those that do not see a major future for the US dollar as traitors.

You will recall Mr. Buffett’s recent entry into the railroad business was deemed by him and others as being a vote of absolute confidence in America’s continued economic recovery and its sustainability. It is sort of a quasi-competition for economic President of the USA…………………………………Full Article: Source

Podcast Play - Download this article   |   Subscribe to the Podcast Feed

Chinese gold production at record

Posted on 29 January 2010 by VRS  |  Email |Print

From Marketwatch.com: It’s one of those things that helps to remember why China’s moves to cool lending and its growth has put pressure on commodities over the past few weeks.

In 2009, China was not only the largest producer of gold in the world for the third year in a row, it topped a new production record of more than 300 tons. According to the China Gold Association, Chinese production of the precious metal reached 313.98 tons last year………………………………..Full Article: Source

Podcast Play - Download this article   |   Subscribe to the Podcast Feed

In praise of heavy metals

Posted on 29 January 2010 by VRS  |  Email |Print

From Theglobeandmail.com: You probably aren’t familiar with the element europium, but if you have a new plasma TV, the metal gives you the colour blue. Europium is one of 16 elements called rare earths that are needed to make components of many leading-edge products.
The battery pack inside Toyota’s Prius hybrid requires up to 15 kilos of lanthanum. Energy-saving bulbs are made with rare-earth phosphors. Computer hard drives and many wind turbines couldn’t function without neodymium magnets…………………………………Full Article: Source

Podcast Play - Download this article   |   Subscribe to the Podcast Feed

Investors embracing platinum, palladium

Posted on 29 January 2010 by VRS  |  Email |Print

From Financialpost.com: All hail the new king in the world of precious metals: platinum.After a year in which everyone seemed to be backing the truck up for gold, investors are turning their attention to platinum, an outperformer versus gold in 2009 that continues to offer better prospects for price appreciation.

In the past month alone, platinum and its near cousin palladium have climbed as much as 12% and 15%, reaching a peak last week after getting a huge boost from the launch of two exchange-traded funds in the United States…………………………………Full Article: Source

Podcast Play - Download this article   |   Subscribe to the Podcast Feed

Palladium ETF in the US soars - but don’t be fooled

Posted on 29 January 2010 by VRS  |  Email |Print

From Mineweb.com: The platinum and palladium ETFs that were listed on the New York Stock Exchange on 8th January could almost be said to have taken the market by storm. A head of steam started to build up in the first week of January as the lead market maker, Susquehanna Capital, was reported to be in the market for metal; the holdings list duly shows that a short 10,000 ounces each of platinum and palladium were reported as being held in the vaults of the new funds by the launch date.

Since listing on Friday 15th January the funds’ holdings have shot up. The palladium fund is just 75 ounces short of 400,000 ounces, while the platinum fund holds just under 215,000 ounces…………………………………Full Article: Source

Podcast Play - Download this article   |   Subscribe to the Podcast Feed

Bullion metals shed more luster

Posted on 29 January 2010 by VRS  |  Email |Print

From Bloombergutv.com: Precious metal prices ended lower on Thursday, 28 January 2010. Prices dropped on the back of mixed earnings and economic data. The relatively steady dollar also pressured prices. Prices are slipping since last couple of days due to impending worries from China front where tightening monetary policies are bothering investors due to shaky demand of metals in coming months.
Generally, a stronger dollar pressures demand for dollar-denominated commodities, such as crude oil and gold, which become more expensive for holders of other currencies and also vice versa…………………………………Full Article: Source

Podcast Play - Download this article   |   Subscribe to the Podcast Feed

Copper falls below $7,000 mark

Posted on 29 January 2010 by VRS  |  Email |Print

From Theglobeandmail.com: Copper ended down for a third straight day on Thursday with London prices cracking below the $7,000 (U.S.) a tonne level for the first time since late December, as dollar-related pressures and concerns over Chinese monetary tightening fed further bouts of risk aversion.

Copper for three-months delivery on the London Metal Exchange tumbled $340, or 4.7 per cent, to close at $6,890 a tonne. This was the first time since Dec. 23 that prices of the metal used in power and construction traded below $7,000…………………………………Full Article: Source

Podcast Play - Download this article   |   Subscribe to the Podcast Feed

The miners the world forgot

Posted on 29 January 2010 by VRS  |  Email |Print

From Mineweb.com: Diamonds may be forever, but the once-glamorous sector needs to rediscover its lost magic. Whatever happened to Bonaparte Diamonds, Nordic Diamonds, Cons Global Diamonds, Motapa Diamonds, and what seems to be happening to Archangel Diamonds, and what’s going down at Snowfield?
These are some of the names in the world’s seemingly forgotten mining sector that have quietly disappeared or changed direction or even survived in some lucky way since mid-2008, when commodity prices of all kinds went into a swoon as Wall Street continued its flip…………………………………Full Article: Source

Podcast Play - Download this article   |   Subscribe to the Podcast Feed

Canada gets its first diamond exchange

Posted on 29 January 2010 by VRS  |  Email |Print

From Commodityonline.com: Canada has got its first diamond exchange in Toronto. Canada already has a strong presence in the global diamond industry. It is the world’s third largest producer of diamonds by value in the world. The sector was worth an estimated $2.4 billion in 2008.

With the launch of the Diamond Bourse of Canada (DBC), manufacturers and jewellers are expected further crystallize their business here at home without having to travel overseas for gem trade…………………………………Full Article: Source

Podcast Play - Download this article   |   Subscribe to the Podcast Feed

Oil demand has peaked in developed world, IEA says

Posted on 29 January 2010 by VRS  |  Email |Print

From Financialpost.com: Oil use in rich industrialized countries will never return to 2006 and 2007 levels because of more fuel efficiency and the use of alternatives, the chief economist of the International Energy Agency said on Thursday.

The bold prediction, while made previously by some analysts, is significant because the IEA advises 28 countries on energy policy and its oil-demand forecasts are closely watched by traders and policymakers…………………………………Full Article: Source

Podcast Play - Download this article   |   Subscribe to the Podcast Feed

Mideast and China to lead growth in oil demand

Posted on 29 January 2010 by VRS  |  Email |Print

From Business24-7.ae: The Middle East, which controls more than half of the world’s proven oil reserves, will lead the oil demand growth over the next two years after China. Developed countries such as North America and OECD Europe on the other hand will see marginally higher oil demand this year but will witness the same or contracting demand beginning next year until 2012.

Overall, the world should still see higher demand in 2010 as economies recover from the worst recession since 1930s, pushing prices to higher level…………………………………Full Article: Source

Podcast Play - Download this article   |   Subscribe to the Podcast Feed

Will growing Iraqi production dent the oil price?

Posted on 29 January 2010 by VRS  |  Email |Print

From Investorschronicle.co.uk: Iraq plans to almost quintuple its oil production capacity by 2017, which could be enough to overwhelm expected demand growth and weigh heavily on the oil price. But will Iraq achieve its ambitious targets?
Iraq has recently agreed service contracts for several large-scale oil projects. These include output commitments that, if met, would boost Iraqi oil output to remarkably high levels. These contracts could almost quintuple Iraq’s production capacity by 2017 to 11.75m barrels per day (mb/d), close to the International Energy Agency’s projections for Saudi Arabia…………………………………Full Article: Source

Podcast Play - Download this article   |   Subscribe to the Podcast Feed

2010 outlook for Eurasian energy

Posted on 29 January 2010 by VRS  |  Email |Print

From State.gov: 2009 turned out to be a turbulent year in many respects and that characterization aptly describes world energy markets. With the financial and economic crisis, global energy use declined, prices fell and an oversupply of natural gas on the world market materialized. This situation is creating some risk in the market.
Cheaper gas prices could slow the development of clean technologies – like wind, solar, geothermal – and could dampen our resolve to seriously pursue energy efficiency. We can’t let this happen. Depressed prices and revenue streams have led oil and gas companies to delay projects and investments that would bring more production on line…………………………………Full Article: Source

Podcast Play - Download this article   |   Subscribe to the Podcast Feed

Carbon traders and clean-tech companies heartened by state of the Union

Posted on 29 January 2010 by VRS  |  Email |Print

From Nytimes.com: It was music to the ears of carbon traders and clean-energy company executives to hear President Obama urge Congress to pass energy and climate change legislation that places a cost on greenhouse gas emissions.
“To create more of these clean-energy jobs, we need more production, more efficiency, more incentives,” Obama proclaimed in his first State of the Union address…………………………………Full Article: Source

Podcast Play - Download this article   |   Subscribe to the Podcast Feed

Seoul to test-run carbon trading system

Posted on 29 January 2010 by VRS  |  Email |Print

From Koreaherald.co.kr: Seoul City will begin test-operating a carbon emission trading system in April in a bid to contribute to reducing greenhouse gas emissions.

The metropolitan government will run it for 54 public organizations in Seoul and encourage the private sector to voluntarily join the reduction efforts during the three-year trial period…………………………………Full Article: Source

Podcast Play - Download this article   |   Subscribe to the Podcast Feed

Is now the time for plastic futures?

Posted on 29 January 2010 by VRS  |  Email |Print

From Plasticstoday.com: Has plastics pricing started the shift from an at-times opaque index system to a forward-looking transparent mechanism, with futures at its core?

Among the hallmarks of a successful futures contract—a high level of liquidity, the ability to hedge against volatility, and a well-regulated exchange that instills confidence—one particularly vital aspect is that its prices track physical prices in the actual marketplace…………………………………Full Article: Source

Podcast Play - Download this article   |   Subscribe to the Podcast Feed

Commodities and the IMF give Australia ETF a lift

Posted on 29 January 2010 by VRS  |  Email |Print

From Etftrends.com: The International Monetary Fund (IMF) likes Australia’s chances this year and in turn, boosted its previous forecast for expansion for the economy. Australia’s exchange traded fund (ETF) could grow on commodities demand from China, the fund says.

China should demand enough commodities from Australia to prompt more growth this year than was previously forecast. Jacob Greber for Bloomberg reports that the IMF says gross domestic product (GDP) will expand 2.5% in 2010 and 3% next year…………………………………Full Article: Source

Podcast Play - Download this article   |   Subscribe to the Podcast Feed

How ALT stacks up

Posted on 29 January 2010 by VRS  |  Email |Print

From Hardassetsinvestor.com: Most analytical outfits, such as Morningstar or Lipper, wait to collect three years of monthly data before declaring a fund or exchange-traded product “seasoned.” Until that point, they won’t publish detailed performance or risk statistics.

I can see their point. Sort of. I mean, three years is enough time to capture some sine wave activity in the market, so you may be able see how the portfolio behaves in up and down cycles…………………………………Full Article: Source

Podcast Play - Download this article   |   Subscribe to the Podcast Feed

Short term traders flock to country and commodity ETFs

Posted on 29 January 2010 by VRS  |  Email |Print

From Transworldnews.com: Short term traders are being drawn to country and commodity ETFs while looking for good, high probability trading opportunities. For these investors, these ETFs have three main selling points, the first is that they are mostly trading above their 200-day average.
Although some country funds, like iShares FTSE/Xinhua China 25 Index Fund, have fallen below their 200-day moving averages, many others have been soaring above as of late…………………………………Full Article: Source

Podcast Play - Download this article   |   Subscribe to the Podcast Feed

UBS adds S&P gold hedged exchange traded note

Posted on 29 January 2010 by VRS  |  Email |Print

From Reuters: UBS Investment Bank, a unit of UBS AG, said on Thursday it added a new S&P 500 Gold Hedged index exchange traded note to its basket of commodities products on the New York Stock Exchange.

The new product, which started trading on Thursday under the ticker SPGH on the NYSE Arca platform, is priced based on the performance of the S&P 500 Gold Hedged index, the Swiss bank said…………………………………Full Article: Source

Podcast Play - Download this article   |   Subscribe to the Podcast Feed

Chinese SWF gunning to lock-up commodities in Brazil and Mexico

Posted on 29 January 2010 by VRS  |  Email |Print

From Businessinsider.com: China’s massive investment fund China Investment Corp (CIC) is preparing for an all out commodities offensive on Brazil and Mexico.

They have already pumped over $10 billion into commodity-related companies during 2009, and that’s just the tip of the iceberg:………………………………..Full Article: Source

Podcast Play - Download this article   |   Subscribe to the Podcast Feed

Canadian currency trades at almost 5-week low as stocks tumble

Posted on 29 January 2010 by VRS  |  Email |Print

From Bloomberg: Canada’s dollar traded at almost the lowest level in five weeks versus its U.S. counterpart as stocks fell and oil, the nation’s biggest export, fluctuated.

The Canadian currency earlier strengthened the most in two weeks after statements yesterday from the Federal Reserve and President Barack Obama lifted risk appetite among investors. It fell or was unchanged for each of the past seven trading days…………………………………Full Article: Source

Podcast Play - Download this article   |   Subscribe to the Podcast Feed

Russia’s Kudrin calls for global currency regulation

Posted on 29 January 2010 by VRS  |  Email |Print

From Iii.co.uk: Global currency regulation rather than capital controls will help emerging economies through the crisis, Russian Finance Minister Alexei Kudrin said on Thursday.
“The 1998 (Russian crisis) had shown that capital controls are not very efficient during the crisis. Shadow exchange is growing and the outflows persist. Our strategy now is a more responsible macroeconomic policy,” he said…………………………………Full Article: Source

Podcast Play - Download this article   |   Subscribe to the Podcast Feed

China asked to revalue currency

Posted on 29 January 2010 by VRS  |  Email |Print

From Zimbabwestar.com: Political leaders, meeting in Davos, Switzerland, have said China’s monetary and trade policy must be changed. Politicians, central bankers and financiers at the World Economic Forum have attacked what they have called China’s inability to tackle an overheating economy, with its yuan currency being kept purposely weak against the dollar while a huge trade surplus is maintained.

At the Davos Wednesday meeting, French President Nicolas Sarkozy, said festering trade imbalances were harming economic recovery…………………………………Full Article: Source

Podcast Play - Download this article   |   Subscribe to the Podcast Feed

Central Japan Commodity Exchange starts joint studies with Osaka Securities Exchange

Posted on 29 January 2010 by VRS  |  Email |Print

The Central Japan Commodity Exchange (C-COM) and the Osaka Securities Exchange Co, Ltd. (OSE) have agreed to start joint studies for the development of new products to be listed on the C-COM markets. Through this collaboration, C-COM is to accelerate feasibility studies for the development of new products which further enhance the conveniences of the C-COM market for the market participants.

These joint studies are made as a specific project under the Memorandum of Understanding (MOU) entered into on May 27, 2008 among C-COM, OSE and Kansai Commodity Exchange…………………………………Full Press Release: Source

Podcast Play - Download this article   |   Subscribe to the Podcast Feed

Commodities find underlying demand on larger dips

Posted on 29 January 2010 by VRS  |  Email |Print

From Imarketnews.com: Commodity prices have remained weighed this week by ongoing concern about China raising interest rates and reducing bank lending, both of which is expected to lessen global demand.

Nevertheless, commodity prices continue to find steady buyers on any larger dip, suggesting that the next larger trend may not be lower, traders said………………………………….Full Article: Source

Podcast Play - Download this article   |   Subscribe to the Podcast Feed

Investing in commodities (Video)

Posted on 29 January 2010 by VRS  |  Email |Print

From Cnbc.com: Coal, iron ore and copper are favorites of both Justin O’Brien, vice president at Morgan Stanley Smith Barney and Greg Goodsell, equity strategist at RBS. They speak to CNBC’s Oriel Morrison.………………………………..Full Article: Source

Podcast Play - Download this article   |   Subscribe to the Podcast Feed

US banks’ commodity risks still below 2008 highs

Posted on 28 January 2010 by VRS  |  Email |Print

From Reuters: Wall Street banks involved in proprietary trading of commodities are taking less risk than they did before the financial crisis,even though markets are up sharply from the recession’s lows.

Financial data for the fourth quarter from U.S. banks such as JPMorgan Chase, Goldman Sachs and Morgan Stanley show their Value-at-Risk, or VaR, for commodities at least 25 percent below levels employed during the height of the commodities boom, the third quarter of 2008………………………………..Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Global commodity assets under management increased to $235bln in 2009

Posted on 28 January 2010 by VRS  |  Email |Print

From Mineweb.com: Scotiabank economist Patricia Mohr estimated Tuesday that US$60 billion flowed into commodity related investments last year-boosting global commodity assets under management to about US$235 billion in 2009, compared to only US$6-10 billion in 2008.

Although China has begun to tighten their monetary policy, Mohr found base metals prices eased back late this month, but “continue to hold their ground fairly well.”……………………………….Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Investors boosted December commodity prices not demand: Scotiabank

Posted on 28 January 2010 by VRS  |  Email |Print

From Bivinteractive.com: Investor interest in commodities as an asset class in their investment portfolios helped boost commodity prices in December, according to Scotiabank’s monthly commodity price index.

The index, which measures the price trends in 32 of Canada’s major exports, rose 2.9% in December from November levels, and 20.7% from the cyclical bottom of the index reached last April………………………………..Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Has gold lost its lustre?

Posted on 28 January 2010 by VRS  |  Email |Print

From Stuff.co.nz: Investors’ love affair with gold may appear to have cooled, but that would be a misleading conclusion to draw from the fall in physical holdings of the precious metal.

Gold’s popularity will return because investors fear inflation and sovereign downgrades, even if the U.S. currency continues its ascent and makes the precious metal more expensive for holders of other currencies………………………………..Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Base metals seen bearish in short term

Posted on 28 January 2010 by VRS  |  Email |Print

From Commodityonline.com: Base metals are being whipped about in the wake of financial markets and, as we head into the Chinese New Year, we expect this to intensify. With financial market risk aversion rising, base metals might not be able to sustain a rally higher.

The fact that correlations across all commodities and other financial markets remain very high indicates the current sell-off in nearby prices is not being driven by the metal markets………………………………..Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Base metal ETFs: Is the run over or just on pause?

Posted on 28 January 2010 by VRS  |  Email |Print

From Etftrends.com: For months, investors have been looking to base metals exchange traded funds (ETFs) as a sign of where the global economy is heading. But renewed concerns about demand from China could have the funds sitting idle for the time being.

Yesterday, most metals finished lower after China made more moves to curb lending and rein in growth. Several large banks in the country were singled out and required to raise their reserve ratios, reports Nick Godt for MarketWatch………………………………..Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Japan plans law to boost mine investment to compete with China

Posted on 28 January 2010 by VRS  |  Email |Print

From Bloomberg: Japan plans to revise legislation in order to help domestic companies acquire mining rights overseas and secure raw materials amid competition from neighboring China and South Korea.

The Ministry of Economy, Trade and Industry has prepared a bill that will allow state-owned Japan Oil, Gas and Metals National Corp. to invest in foreign mines in collaboration with private companies and to provide government guarantees to fund projects, according to Yohei Matsuda, deputy director at the ministry’s natural resources and energy agency………………………………..Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

IEA meeting to address speculation

Posted on 28 January 2010 by VRS  |  Email |Print

From Cleanskies.com: Oil market speculation driving prices into the stratosphere isn’t just a U.S. nightmare. Major Asian consumers and OPEC all want to keep 2008 from repeating. That’s when oil rose to nearly $150 a barrel and then fell to $30 in less than six months. But Bloomberg reports that the number of traders betting that oil prices are going up has just hit a 27-year high.

So the International Energy Agency is bringing together oil producers, market regulators, and bankers next month to try to figure ways to limit speculation-driven volatility. The IEA has invited heads of OPEC, U.S. and U.K. financial regulators, and major global banks to meet in Tokyo………………………………..Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

IEA:Tokyo forum to examine possible oil market regulation

Posted on 28 January 2010 by VRS  |  Email |Print

From Dow Jones: The International Energy Agency has invited representatives from global regulators, OPEC and banks to an oil industry forum next month to examine potential policy and regulatory measures aimed at increasing oil market transparency and efficiency, a spokeswoman for the Paris-based organization told Dow Jones Newswires on Wednesday.

The event–due to be held Feb. 25-26 in Tokyo and co-hosted by the Japanese Ministry of Economy, Trade and Industry and Japan’s Institute of Energy Economics–will also “examine physical and financial oil price drivers and market stability,” the IEA spokeswoman said………………………………..Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Speculators kept oil from spiking with cold: report

Posted on 28 January 2010 by VRS  |  Email |Print

From Reuters: Speculators helped prevent U.S. heating oil prices from soaring during the recent cold spell by contributing to the inventory buildup that forestalled a shortage, an energy economist said Wednesday.

“We went into the episode with much higher inventories … relative to previous episodes. Why were inventories high? The answer is passive investors,” energy economist Phil Verleger told the Argus Crude Summit………………………………..Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Russia, Belarus sign deal ending oil dispute: official

Posted on 28 January 2010 by VRS  |  Email |Print

From AFP: Russia and Belarus on Wednesday signed a new deal on Russian oil deliveries to Belarus, Russian Deputy Prime Minister Igor Sechin said, ending a month-long dispute that had raised fears European supplies could be threatened.

“Today a large number of documents have been signed,” Sechin told Russian President Dmitry Medvedev at a meeting, in comments published on the government web site………………………………..Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Junior oil companies set to outperform in 201

Posted on 28 January 2010 by VRS  |  Email |Print

From Stockopedia.co.uk: The year that went by was one of the most volatile periods for equity markets in modern history. The year started in the middle of a severe credit crisis with central banks pumping record amounts of liquidity to rescue the banking system. Investor confidence was frozen and by early March global equity markets were trading at levels not seen in decades.

In March, however, several indicators pointed to a turnaround. First, everyone was despondent, sentiment was bleak and flight out of equities was faster than it had been for decades. Second, commodity prices had stabilised and started a slow rise in response to re-stocking by industrialising China and India………………………………..Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Opec sees demand down for its crude

Posted on 28 January 2010 by VRS  |  Email |Print

From Oilandgasnewsworldwide.com: The Organization of the Petroleum Exporting Countries (Opec) slightly trimmed its forecast of demand for its oil in 2010 and said inventories remain high enough to cope with any unexpected rise in winter fuel consumption.

The monthly report from Opec predicted demand for crude from the group’s 12 members will average 28.59 million barrels per day (mbpd) in 2010, 20,000 bpd less than expected last month………………………………..Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Energy sector turns crisis into opportunities

Posted on 28 January 2010 by VRS  |  Email |Print

From Chinadaily.com.cn: In Chinese, the word “crisis” reflects both “risks” and “opportunities”. China’s energy sector has successfully turned its adversity into opportunity while resisting the international financial crisis and giving people a profound enlightenment.

When the crisis arrived, China’s energy demand was obviously weakened. From June 2006 forward, energy supply in the country was tense for six straight years, but there was negative growth in 2008 that extended to June 2009………………………………..Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

DAVOS-DSM CEO cautions on carbon derivatives dangers

Posted on 28 January 2010 by VRS  |  Email |Print

From Reuters: Carbon derivatives should be regulated to stop the proliferation of instruments with the potential to wreak a subprime-style crisis, the head of chemicals group DSM said on Wednesday.

“I think we learnt a lesson from the financial crisis. If we develop products which we don’t understand then we run into dangers,” Feike Sijbesma, the Dutch company’s chief executive, told Reuters………………………………..Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Australia opposition eyeing voluntary CO2 cuts plan

Posted on 28 January 2010 by VRS  |  Email |Print

From Reuters: Australia’s main opposition coalition, which has repeatedly blocked attempts to pass carbon trading laws, is eyeing a voluntary scheme based on buying up cheap offsets as a way to break the deadlock.

According to documents obtained by Reuters, the scheme, funded with public money, would buy carbon offsets from energy efficiency and forestry projects, among others………………………………..Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

UK launches GBP125 mln low-carbon investment fund

Posted on 28 January 2010 by VRS  |  Email |Print

From Energyefficiencynews.com: The UK Innovation Investment Fund, which was set up last summer by the Government to drive growth and create jobs, is launching a £125 million low-carbon and clean technology investment fund.

The Environmental Innovation Fund, which will be managed by Hermes Private Equity, will target small growing businesses, start ups and spin outs focused on the efficient use of both renewable and non-renewable resources………………………………..Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Why US Dollar can soar against other currencies

Posted on 28 January 2010 by VRS  |  Email |Print

From Commodityonline.com: The general view is that the Fed can always print more than enough money to avert any deflation. Some pundits, in trying to explain away the collapse in certain asset prices that would generally always have been associated with inflation such as real estate, have gone as far as to start splitting definitions.
We now have price deflation for certain asset classes and price inflation for others. Funny how such definitions are only derived after the fact………………………………..Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

U.S. to end currency swap lines with S. Korea, others

Posted on 28 January 2010 by VRS  |  Email |Print

From Yonhap: The U.S. Federal Reserve said Wednesday it will terminate currency swap lines with the central banks of South Korea and several other countries next week amid growing signs of economic recovery and stabilizing global financial markets.
The announcement comes one day after the International Monetary Fund raised the global economic growth projection to 3.9 percent for this year. It is up from an earlier forecast of 3.1 percent, and remarkably higher than last year’s 0.8 percent contraction in the global economy………………………………..Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

France’s Sarkozy calls for overhaul of global currency system

Posted on 28 January 2010 by VRS  |  Email |Print

From MNI: French President Nicolas Sarkozy called again Wednesday for an overhaul of the world’s currency system and for a rehabilitation of capitalism with a human face.

Donning his radical reformist cap for a keynote address to the World Economic Forum, Sarkozy returned to themes that have become familiar since the outbreak of the crisis: the need for tougher banking regulation, limits on speculation and bonuses and a level playing field in the global market place………………………………..Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

January 2010
S M T W T F S
« Dec   Feb »
 12
3456789
10111213141516
17181920212223
24252627282930
31