- Welcome to the world of Energy & Commodities
In this column, we would like to pay attention to West Texas Intermediate (WTI) oil. A Chinese proverb states:” 1 picture illustrates more than 1000 words”. So I added monthly, weekly and daily (spot) charts.
WTI Monthly Chart
Note that these charts are derived from the ‘front month’ futures prices, so the charts might deviate a bit from the actual (spot) prices in the past. Continue reading »
Royal Dutch Shell will soon produce more gas than oil according to CEO Voser. The current division measured in barrels is now approximately 50-50, but in turnover oil, with a share of 80%, still is much is bigger than gas production.
The shift of the production to gas is one of the manners to reduce of CO2-emission according to Voser. Another contribution in carbon emission reduction, is by investing in biofuel, in which Shell is the largest producer in the world, according to Voser. Continue reading »
(www.abndigital.com) Crude prices reached a 27 month high last week this off the back of expectations that a sustained economic recovery would boost energy demand from both emerging markets and industrialised nations. Joining ABN to discuss what we can expect from this commodity in 2011 is Christophe Barret, Global Oil Analyst from Credit Agricole in London
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How high is high? Western moves and Iranian counter moves are impacting the price of crude oil — and that impact is higher prices at the pump. Other than the very important issues of security and the possibility of war, how could high oil prices impact fragile economies in the developed world (EU and the US)? How could the oil price play out in elections where voters are deeply divided? Is the global economic recovery too weak to be play politics with crude oil prices? CrossTalking with Ferdinand Banks, Sohbet Karbuz and Kurt Cobb. CT on FB: www.facebook.com
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