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Power & Energy Commodity News

Time in the sun for Glencore agribusiness

Source: Financial Times, 4th March 2015

Grain and oilseed earnings offset declines in oil and metals

Read the full article on FT.com

Poland to push EU on coal mine subsidies

Source: Financial Times, 3rd March 2015

bold election-year gambit that defies the bloc’s public embrace of green energy

Read the full article on FT.com

Glencore chief upbeat on oil trading

Source: Financial Times, 3rd March 2015

Forecast of ‘blow out’ year for business if current trend persists

Read the full article on FT.com

Glencore CEO upbeat on oil trading

Source: Financial Times, 3rd March 2015

Forecast of ‘blow out’ year for business if current trend persists

Read the full article on FT.com

Nigeria’s oligarchs hit by oil price drop

Source: Financial Times, 3rd March 2015

Africa’s richest man sees $5.4bn wiped off his estimated $21bn personal fortune

Read the full article on FT.com

Clear EM winners and losers from oil price decline

London, 3 March 2015

ING Investment Management sees clear winners and losers within the Emerging Markets (EM) universe as a result of the drop in oil price, which is a positive for consumers who will enjoy lower prices and more spending power. However, uncertainty still remains regarding the causes of the oil price fall and the impact it will have in many Asian countries that have a strong savings culture and have recently repealed fuel subsidies.

Read more: Clear EM winners and losers from oil price decline

LME aims to limit warehouse payments

Source: Financial Times, 2nd March 2015

Exchange tackles monetary incentives to attract metal by warehouse owners

Read the full article on FT.com

Oil rig count decline continues to slow

London, 2 March 2015

The US oil rig count declined this week by 33 rigs (29 horizontal, 3 vertical and 1 directional). Goldman Sachs report that while this marks the second consecutive week of modest rig count decline, unlike last week: (1) the Permian horizontal rig count resumed its decline and (2) the rig count featured little evidence of high grading (higher rig count in the more productive counties). The current US horizontal and vertical rig count across the Permian, Eagle Ford, Bakken and Niobrara shale plays implies that US oil production growth will reach 385 kb/d yoy by 4Q15, according to Goldman, down 55 kb/d vs. last week’s rig count (with the prior three weeks implying declines in production growth of 60, 130 and 160 kb/d).

Read more: Oil rig count decline continues to slow

Wood Mackenzie seeks £2bn listing

Source: Financial Times, 1st March 2015

Energy consultancy valuation adds to pressure on suitors to raise bids

Read the full article on FT.com

Vedanta to cut debt despite oil plunge

Source: Financial Times, 1st March 2015

Anil Agarwal’s India-focused resources group responds to fall in commodities

Read the full article on FT.com