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Telling it like it is

April 2, 2014
UPDATE 1-New Polish gas link highlights EU drive to ensure supplies

(Reuters) - Poland opened its first gas link from the West on Tuesday as part of a European Union drive to ensure greater supply security that has taken on new urgency after Russia annexed Crimea and reignited fears about deliveries to Europe. Read full story › Source: Reuters

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April 1, 2014
Banks’ retreat empowers commodity trading houses

Over the past decade, the world’s largest banks have with little fanfare become immersed in a business far removed from their traditional lending activity: the trading of physical commodities. Read full story › Source:  The FT    

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April 1, 2014
New IPCC report: 8 ways climate change will throw world INTO PERIL

Debate about climate change is about to, er, heat up, after the Intergovernmental Panel on Climate Change (IPCC) delivered its fifth assessment report, snappily known as WGII AR5. Read full story › Source: The Register

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March 24, 2014
The Right Price of Brent? Adam Smith has the Answer

It seems that basic economics doesn’t work in oil trading any more. Economics 101 suggests that if a commodity is in short supply its market price goes up.... That fundamental principle is supposed to apply unless there is intervention in the market to stop the price mechanism rationing supply and demand and bringing the market […]

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