Posts Tagged ‘prices’

The allure of steel

There’s something about steel. Before I joined Steel Business Briefing in 2008, I’d never really known what I wanted to do career-wise. I worked for some good companies, including competitors of Platts (which acquired SBB in 2011), but never really envisaged staying in the price reporting sector. Nothing against it, I was just young and finding my way, armed with humanities degrees that didn’t gear me up for much outside of education.

But there’s something about steel.

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Banks see second quarter revenue dip from commodities

Pinning down the financial performance of energy commodity trading at top financial institutions is complicated by the manner in which banks segment their operations and lump together certain revenue numbers.

While differences exist from bank to bank, for the most part the big banks place commodity trading within their fixed-income unit of their investment bank division. Low commodity prices, less volatility, and thus lower volumes traded, have all had an impact.

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The conundrum of North Dakota’s oil output: At the Wellhead

North Dakota made headlines recently with its crude oil production numbers for May, which surprised many and left some scratching their heads. Brian Scheid looks into what drove the production, and what it means for future production, in this week’s Oilgram News column, At the Wellhead.

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Saudi Arabia faces falling foreign reserves as oil prices still lackluster: Petrodollars

Saudi Arabia sometimes seems to take a blase approach to oil prices, but its falling foreign reserves may spur action. Geoffrey Craig takes stock of the situation in this week’s Oilgram News column, Petrodollars.

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Natural gas becalmed as wind blows ahead in European power

Roll over Chicago, welcome to Europe: the Windy Continent.

In just 10 years’ time, wind is forecast to overtake natural gas as the biggest single power generation source by installed capacity in Europe.

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Of shoes, and ships, and sealing-wax, of cabbages and steel

It’s rare that commodity markets are as strange as the topsy-turvy world encountered by Alice in Lewis Carroll’s novel Through the Looking Glass. But in the last few days prices in China have been behaving very strangely indeed. In Carroll’s book a Walrus famously declares to his companion the Carpenter that the time has come for them to “talk of many things: Of shoes, and ships, and sealing-wax, of cabbages and kings, and why the sea is boiling hot, and whether pigs have wings.”

It’s not the shoes and sealing-wax that people have been talking about recently in China, but rather the price of cabbages — and steel.

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London loses golden touch as China’s build-up of bullion continues apace

London, the traditional home/hub of the world’s gold trade, could be slowly losing its grip on power as more and more of the world’s physical gold moves from London’s vaults to Asia, chiefly China.

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In the maelstrom of oil price news, has bias triggered trading mistakes? Petrodollars

In this week’s Oilgram News column, Petrodollars, Ned Molloy asks the question, have emotions and confirmation bias triggered trading mistakes in the maelstrom of oil price news?

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The low-down on base metals: prices remained under pressure in June

In June, base metals remained under pressure with the Greek debt crisis overshadowing sentiment and contracts traded on the London Metal Exchange testing fresh multi-month, and in some cases, multi-year lows.

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US power landscape prepares for markets, demand to heat up with summer

Summer for the power markets typically means volatility as demand shoots up with hot weather and prices bounce around as generators and traders try to provide the energy where it is needed.

Before each summer, grid operators across the United States gear up for the season by letting the stakeholders know how they are preparing in their summer outlooks. The outlooks share what the grid operators are expecting for peak loads and how much generation capacity will be available to meet the demand. For the power markets, preparing for the season means getting a handle on these outlooks and where prices are ahead of summer.

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