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Tag Archives: Scotland

Stocks Slide but Little Demand for Safe Havens

Overview: The sell-off in US shares yesterday has triggered sharp global losses today, and there is no flight into fixed income as benchmark yields are higher across the board.  Nor is the dollar serving as much as a safe haven.  It is mostly softer against the major currencies.  Japan and Taiwan led the Asia Pacific equity markets lower.  Chinese shares stand out with a recovery in late turnover in the region to allow a higher close.  In Europe, the Dow Jones Stoxx 600 is flirting with a 2%...

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Oil Slide Helps Lift Bonds while the Dollar Recovers

Overview:  The relative calm in the capital markets, outside of the dramatic reaction to the dismissal of Turkey's central bank governor over the weekend, has given way today to greater anxiety.  Nearly all the major bourses are lower.  In the Asia Pacific region, India and New Zealand are exceptions.  Europe's Dow Jones Stoxx 600 has surrendered yesterday's gains and more.  US futures indices are around 0.3% lower.  Bond yields are softer.  The US 10-year yield is about five basis points...

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A Subdued Start to a Big Week

Overview: What promises to be an eventful week has begun off on a mostly subdued note. Asia Pacific equities moved higher, again led by Hong Kong and ostensibly mainland buying.  The Hang Seng rose 2.4% to bring this year's gain to 10.75%. South Korea's Kospi also increased by more than 2%, and, so far this month, it is up almost 11.7%.  Most bourses advanced, though Taiwan, India, and a few smaller markets declined.  European shares are mixed.  Energy, real estate, financials, and...

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Keeping the hope for more offshore power afloat with wind turbines

The evolution of floating wind turbines mirrors almost exactly that of offshore oil exploration and production structures. Norwegian oil company Statoil’s decision to build the first floating wind farm represents a carbon risk hedge in an area in which it can deploy its considerable offshore expertise. If costs can be reduced, floating wind farms would hugely expand the exploitable wind resource. Ross McCracken, managing editor of Platts’ Energy Economist, explains. Wind energy is...

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Costs bear down on venerable Shetland oil industry

The North Sea oil industry, particularly the Shetland region at its core, is showing the strain of low oil prices, raising questions about its viability. The demise of the four-decade old UK industry has been predicted many times, with recent concerns centered on taxation and possible independence for Scotland. After oil prices collapsed last year, lobby group Oil and Gas UK predicted 20% of UK oil production could be shut down this year. Instead, only a few fields have been shut and oil...

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