Tuesday, November 15, 2011

20111115 1052 Global Market & Commodities Related News.

GLOBAL MARKETS-Asian shares fall as euro zone yields rise
TOKYO, Nov 15 (Reuters) - Asian shares fell on Tuesday, as a rise in euro zone bond yields reflected lingering doubts about the ability of politicians in Italy and Greece to push through painful reforms to resolve their debt crises and win market confidence.  
"Global financial markets are facing a key pivotal point," said Barclays Capital analysts in a research note.

COMMODITIES-Oil leads drop as markets turn volatile
NEW YORK, Nov 14 (Reuters) - Oil prices fell on Monday after new governments in Italy and Greece failed to assuage fears about Europe's debt crisis, threatening to put commodities on a renewed path of volatility.
"The markets are realizing there are real economic problems in Europe," Christophe Barret, oil analyst at Credit Agricole, said as the weak industrial data, political woes and the euro-era high price for Italy's 5-year bonds combined to pressure global markets.

Oil falls on weak euro zone data, recession worry
NEW YORK, Nov 14 (Reuters) - Oil prices fell on Monday as contracting industrial output in the euro zone highlighted the danger of recession in the region as Europe struggles to contain its sovereign debt crisis.
"The markets are realizing there are real economic problems in Europe," said Christophe Barret, global oil analyst at French bank Credit Agricole.

POLL-U.S. crude stocks seen down on lower imports, higher runs
Nov 14 (Reuters) - U.S. crude oil inventories are expected to have dropped last week for the second straight time on lower imports and slightly higher refinery runs, a preliminary Reuters poll of analysts showed on Monday.
On average, U.S. crude stockpiles were forecast down 1.1 million barrels for the week ended Nov. 11, the poll of seven analysts showed. In the week to Nov. 4, crude stocks in the United States fell 1.37 million barrels to 338.09 million barrels, data from Energy Information Administration (EIA) showed.

Libya data forecasts full crude exports end-2012
LONDON, Nov 14 (Reuters) - Libya's National Oil Corporation (NOC) expects crude exports to rise to 1.345 million barrels per day (bpd) by the fourth quarter of 2012, indicating the OPEC member's oil is returning to the international market faster than expected.
The NOC made the forecast in a table entitled "Estimated Daily Production", which was sent to NOC clients and seen by Reuters on Monday.

S.Korea October LNG imports rise 9 pct y/y
SEOUL, Nov 15 (Reuters) - South Korea's imports of liquefied natural gas (LNG) jumped 9 percent in October over a year earlier, as the world's second-largest LNG buyer built its inventory ahead of winter demand, customs data showed on Tuesday.
South Korea imported 2.98 million tonnes of LNG in October, up from 2.74 million tonnes a year earlier, the Korea Customs Service data showed. It imported LNG mostly from Indonesia, Qatar, Malaysia, Oman and Russia.

Euro Coal-S.African prices fall $1/T with oil
LONDON, Nov 14 (Reuters) - Prompt physical coal prices dropped by around $1.00 a tonne or 0.9 percent on Monday following oil's $2 loss on worries over implementation of reforms in Italy and Greece after naming new leaders and lower industrial output in the euro zone .
"We're living in a post-RWE world and there are more sellers now than there were a few weeks ago," one major European trader said.

Natural gas ends down 3.5 pct on weather, supply
NEW YORK, Nov 14 (Reuters) - U.S. natural gas futures ended down on Monday for a fourth straight day, with concerns about growing supplies and fairly mild U.S. weather in November again driving most contracts to new lows.
"We don't have the space heating load yet, and unfortunately, we're probably looking at at least two more weeks of storage injections," a Texas trader said, noting storage will head into winter at record highs for a third straight year.

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