Friday, July 30, 2010

Tapping Into Bypassed Reserves

"Inflow Control Devices increase recovery"
Schlumberger
http://bit.ly/a7pvG7

Changes to the Baltic Exchange’s Tanker TCE assessments

Commodities Now
www.Balticexchange.com
http://bit.ly/cye62n

Cocoa players fear Armajaro grip on market may tighten

Commodities Now
Sarah McFarlane, Reuters for Commodities Now
"London cocoa players could make an expensive mistake if they believe the media furore surrounding Armajaro's grip on the market will deter another daring speculative play by the commodities house in the September contract."
http://bit.ly/9DkVOk

ECB closes in on inferior collateral with new haircut scheme

Ramya Jaidev
Risk Magazine
"European Central Bank’s new discount schedule increases haircuts levied on troublesome collateral, such as asset-backed securities; analysts expect move to discourage pledging of risky assets"
http://bit.ly/9OMLM6

Hu Xiaolian: Three characteristics of the managed floating exchange rate regime

BIS
Article by Ms Hu Xiaolian, Deputy Governor of the People’s Bank of China, Beijing,

22 July 2010.
"The content of the managed floating exchange rate regime includes three aspects. First, the

floating of exchange rate is based on market supply and demand so that the exchange rate
plays a role as a price signal. Second, the range of floating adjustment is based on trade and
current account balances to reflect the “managed floating” nature.
Third, the exchange rate is
determined with reference to a basket of currencies, rather than the bilateral exchange rate
between RMB and any single currency."
http://bit.ly/dBlA9P

Thursday, July 29, 2010

Chinese Yuan vs. the US demand

Ebeling Heffernan Live Trading News
"The conventional wisdom is that once the value of the Chinese Yuan is increased, the USA’s trade deficit with China would start falling. This reasoning has prompted many Americans to push for further, faster revaluation of the Yuan even after China changed its currency policy."
Paul A. Ebeling Jr.
More Ebeling Herrnan scroll down to feed.
http://bit.ly/akXYO3

Europe Pipelines map

The World Fact Book
2008
http://www.theodora.com/pipelines/europe_oil_gas_and_products_pipelines.html

Indian infrastructure talks take in concerns

"Discussions on infrastructure were the focus of a meeting between APMT and the Indian government officials as this issue in particular continues to be an area of concern for shippers and port operators alike."http://bit.ly/dBWmsv

Long-term issues in international banking-BIS

CGFS Publications No 41

July 2010
http://bit.ly/94Qkgg

Free trade under threat-The Moscow News

"In the latest example of threats to global free trade, Russia is threatening foreign handset makers with an import ban if they don’t use Russia’s Glonass navigation system."
http://bit.ly/9U6yDI

Wednesday, July 28, 2010

Sovereigns special status?

LCH.Clearnet may offer 'lite' membership to sovereigns

Duncan Wood
Risk Magazine

BAML tinkers with tradable volatility index for tail risk hedging Risk.net

Claire Dickinson-Structured Products
Bank of America Merrill Lynch has developed a liquid volatility index for institutions which are seeking a systematic tail risk hedge.
http://bit.ly/d8pR3q

Tuesday, July 27, 2010

LME – Record trading volumes for first half of 2010

Commodities Now
The London Metal Exchange ( LME), the world’s premier exchange for base metals, today issues an unaudited statement for trading volumes during the first six months of 2010. Total lots traded on the exchange rose 7.5% to 59,304,271 compared with the corresponding period last year while the average daily volume rose 8.1% to 478,260 lots.
http://bit.ly/da0qUj

US extends Keystone comment period

Upstream Online
The US State Department has extended the amount of time federal agencies will have to comment on TransCanada's proposed Keystone XL pipeline, delaying the construction schedule.
http://bit.ly/acKfdl

An item by Dow Chemical posted in Downstream Today

Coalition to Senate: Let Market Dictate Natural Gas Demand
http://bit.ly/9hj4aN

Greek, Bulgarian PMs to discuss South Stream's future in Sofia RIANOVOSTI

http://bit.ly/bmbTyd


"Greek Prime Minister George Papandreou will visit Bulgaria on Tuesday in a bid to persuade the Bulgarian authorities to give the green light for the construction of the South Stream pipeline designed to transport Russian gas to western Europe."

Arabian Gulf tanker rates end losing streak

by Bloomberg on Tuesday, 27 July 2010
From Arabian Business . com


Extremely informative background material in story.


"The cost of delivering Middle East crude oil to Asia, the world’s busiest route for supertankers, rose for the first time in seven sessions as fewer vessels competed to haul cargoes."
http://bit.ly/dByYMk 

Monday, July 26, 2010

Indian giant moving on Australian ports, coalfields

Andrew Fraser-The Australian
AN Indian company is planning massive investments in Australia's coal industry.
http://bit.ly/9pmncy

China gas study finds need to boost imports

Oil&Gas Journal
Marilyn Radler
http://bit.ly/d4fHZ9

The Group of Governors and Heads of Supervision reach broad agreement on Basel Committee capital and liquidity reform package

Bank for International Settlements
Press Release
http://www.bis.org/press/p100726.htm

A Model of Housing Stock for Canada

Bank of Canada
David Dupuis and Yi Zheng
Working Paper 2010-19
http://bit.ly/98TBeP

Sada Reddy: Information exchange on microinsurance in Fiji BIS


Speech by Mr Sada Reddy, Governor of the Reserve Bank of Fiji, at the “Information
Exchange on Microinsurance” in Fiji, Suva, 15 July 2010.

Key Basel III decisions due as oversight board gathers Risk. Net

Risk Magazine 
Joel Clark
"Governors and heads of supervision will review recommendations brought forward from July 14-15 Basel Committee meeting"
http://bit.ly/akkjYD

UK: Cameron leads delegation to court India

Ebeling Heffernan Live Trading News-Paul A Ebeling Jr.
http://bit.ly/absxzD

AMEC reignites mining tax debate Upstreamonline

Upstream Staff
"Australian Prime Minister Julia Gillard has come under fire again from the resource industry over her government’s proposed controversial mining tax."
http://bit.ly/cC4omI

China pilot carbon trading scheme to boost global trade

Risk.Net
Katie Holliday
"China’s proposed carbon trading scheme, to be implemented from 2011 to 2015, will be a positive driver for the international carbon markets, say analysts"
http://bit.ly/cBQomQ

China, Iran Negotiating To Use Chinese Yuan In Oil Contracts

Oil&GasEurasia
China and Iran are conducting negotiations to use the Chinese Yuan in settling oil contracts to thwart sanctions being imposed by the West, Iran News has reported.



Should the two countries reach an agreement, Iran would open a banking office in China in order to withdraw money for oil supplied and also to purchase fuel and equipment in china and to finance various projects.


Bloomberg reports that CNPC first brought up the idea three months ago.


Copyright 2010, Oil and Gas Information Agency. All rights reserved.

Sunday, July 25, 2010

Canadians View China, Brazil Investments

Ebeling Heffernan Live Trading News-Paul A. Ebeling Jr.
"Canadians regard China and Brazil as the greatest investment opportunities in the next decade, a new survey says. 61% of the 1,002 Canadians surveyed said emerging international markets such as Brazil and China present the best investment opportunities over the next 10 yrs"
http://bit.ly/cJESuV

EMERGING MARKETS TO HOARD PRIVATE EQUITY

Eberling Heffernan Live Trading News--Paul A. Ebeling, Jnr
"The Sun is shining on the hammered private equity industry since the onset of the financial crisis, emerging markets are the warming rays."
http://bit.ly/9TQA7A

Fraud allegation turns up heat in Lago Agrio case Oil&Gas Journal

By Bob Tippee


Chevron Corp. has raised stakes in the legal battle it calls a "runaway farce" over environmental damage in Ecuador.
http://bit.ly/c5QgPV

NCGA: Alternative Worlds Make It Real-The Pork Network

'Most people like a good ‘whodunit’, and apparently so does Stanford University researcher David Lobell. If you follow environmental news, greenhouse gas alleviation seems to cause more consternation than revelation. However, a new study co-authored by Dr. Lobell and published in last month’s Proceedings of the National Academy of Sciences seems to be uncovering some much needed clues on the subject."
http://bit.ly/bNzZ1m