UK 100
Latest price: 6,466 (2.04% Ascending)
52-week high: 6,878
52-week low: 6,183
UK 100 - 1 year chart
UK 100 - 1 week chart
Crude Oil
Latest price: 62 (3.17% Ascending)
52-week high: 115
52-week low: 59
Gold
Latest price: 1,199 (0.27% Ascending)
52-week high: 1,385
52-week low: 1,142
Advertisement
Ransquawk

Sick of being the last to know what is moving the market? The team at RANsquawk speaks to analysts, journalists, brokers and traders worldwide, while constantly monitoring 30+ screens of independent feeds for potential market moving information.

Sign up for your free market squawk feed here
Pdf

ENERGY MARKETS REPORT INCLUDING: Turkish energy officials say an explosion has hit the Kirkuk-Ceyhan oil pipeline,

January 21 2013, 12:30pm
column image

WTI futures are currently trading lower echoing the decline seen during the Asian session after posting their highest levels in four months last week. WTI futures trade at USD 95.22 down USD 0.34. Last price taken at 1139GMT. Also as a reminder, the NYMEX floor is closed today while electronic trade will close at the earlier time of 1815GMT/1215CST due Martin Luther King Jr. Day.

Oil & Gas News

China's imports of crude from Iran rebounded to the highest level in six months in December after US renewed an exemption from penalties on banks that process payments for Iran's oil.

China's commercial crude inventories fell to the lowest level in nine months whilst gasoline stockpiles rose to the highest level in almost two years after the country boosted crude processing to a record, according to Xinhua.

Turkish energy officials say an explosion has hit the Kirkuk-Ceyhan oil pipeline, Iraq's largest crude oil export line on Saturday night.

Iraq officials say they have discovered substantial crude oil reserves in the southeastern province of Maysan after its state-run petroleum production companies conducted the first exploration activities in almost three decades.

BofA says WTI may rise as high as USD 120.00 a barrel in 2013 but expects the price to average to USD 90.00 this year even after operations at the Seaway pipeline resume. Says it continues to see risk of WTI falling to USD 50.00 over two years.

Geopolitical News

Algeria will boost security at oil installations in the aftermath the four-day stand-off with al Qaeda linked terrorists attacked the In Amenas facility. At least 85 people, both hostages and kidnappers are thought to have lost their lives according to Press Tv.

Syrian opposition leaders have failed to form a “transitional government” at a meeting in the Turkish city of Istanbul amid differences between the parties involved.

Corporate News

Subsea 7 S.A. today announced it has been awarded a project worth approximately USD 135 mln by Shell U.K. Ltd as part of Shell’s Fram oil and gas development in the Central North Sea.

According to Deputy Prime Minister Shuvalov, BP raising its OAO Rosneft stake shows Russia is ceding control as it seeks to cut its business holdings. BP is set to end up with 19.75% of Rosneft while Russia retains almost 70%.

Weather news

A blast of Arctic air will reach the northern Plains and the Midwest during the weekend and the Northeast this week. Temperatures below -20°F can be expected across the far upper Midwest. However, no freezes are expected in areas of southern Texas or peninsular Florida.

 

Disclaimer:

The information within this website has been prepared and issued by Real-time Analysis & News Limited on the basis of publicly available information and other sources believed to be reliable. Whilst all reasonable care is taken to ensure that the facts stated are accurate, neither Real-time Analysis & News Limited nor any director, officer or employee shall in any way be responsible for its contents. This document is intended to provide clients with information and should not be construed as an offer or solicitation to buy or sell securities. No investment advice The Company is a publisher and is not registered with or authorised by the Financial Services Authority (FSA). You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter. You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate. From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.