Hints and tips:
...HOLD: James Halstead (JHD) The flooring manufacturer has boosted its UK market share as supply disruptions hit, writes Michael Fahy....
...SELL: Petrofac (PFC) The oil and gas contractor is set to tap investors for $275m and also plans a $500m bond issue, writes Michael Fahy....
...Stuk, the Finnish nuclear regulator, next month commences a new round of inspections to check that what has been built matches what was approved. The plant is due to be producing electricity by 2018....
...Michael Taylor, a senior Eastern Europe analyst with Oxford Analytica, a political risk consultancy, describes the company as “opaque”, and domestic and foreign critics warn of its necessarily close ties...
...“It isn’t as if everyone is fleeing Argentina,” counters Ford Tanner, an analyst at consultancy PFC Energy....
...“Rumaila generates around half of the Iraqi federal budget,” says Michael Townshend, BP’s regional president for Iraq....
...“Crude oil is moving towards the tipping point,” says Michael Lewis, head of commodities research at Deutsche Bank in London....
...“It’s a big deal,” said Robin West, chairman at PFC Energy, the consultancy. “If this issue can’t be solved, a lot of gas won’t be produced.’’...
...Ben Cahill, north Africa analyst at PFC Energy consultancy, said: “The longer the conflict drags on, the more important this will become for both sides....
...Ben Cahill, North Africa analyst at PFC Energy, says crucial elements of the oil infrastructure – such as payments – were managed by the parent National Oil Corporation in Tripoli....
...As David Kirsch, head of market intelligence at consultants PFC Energy, puts it, the release has changed the “oil market psychology” for now....
...“There is a much greater demand for US exports than for imports,” said Michael Smith, Freeport chief executive....
...“We are going through a definitive transformation of Middle East oil politics,” says David Kirsch, a consultant at PFC Energy, echoing a widely held view on the market....
...He decided to strive for a better world by leaking the secret cables to which, as a PFC, he had amazing access....
...Here’s what Michael Enright, professor of business at the University of Hong Kong and an expert on trade linkages across Asia, had to say about the impact on the tech sector: Michael Enright: Unless the...
...Urgent action needed to avert looming oil wars The self-destructive strategy of cornering diminishing oil and gas supplies must urgently be switched to building a new world energy order, writes Michael...
...PFC Energy, a respected independent consultancy, forecast the “bulls are just getting started” on oil prices....
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