Commodities

Transocean, the owner of the Deepwater Horizon rig at the centre of last year's Gulf of Mexico oil spill, has blamed BP, as operator of the well, for decisions it said led to the fatal disaster.

Nathaniel Rothschild, the financier, has confirmed his position as one of the most powerful brokers in the country after smashing the fund raising target for his new venture.

Jim O'Neill, the chairman of Goldman Sachs Asset Management, is eyeing China and Russia as the most attractive BRIC countries while shunning "expensive" India.

Newton's Asian Income manager Jason Pidcock is favouring commodity-related stocks, a sector normally avoided by income seekers in the UK.

JP Morgan has launched a sterling hedged share class for its Diversified Commodities fund run by it alternatives arm, Highbridge Capital Management.

Nathaniel Rothschild emphasised his status as one of the most powerful brokers in the booming commodities market yesterday as he unveiled plans to raise £1bn in just 11 days.

BP is preparing to sell its stake in a joint venture with TNK to Rosneft in an effort to rescue the landmark deal with the Russian state oil company, the Wall Street Journal has reported.

Natural gas equities are offering 70% upside from current lows as the soaring price of crude oil boosts demand for gas, according to Investec's Jonathan Waghorn.

Will Roberts of Charles Stanley highlights a mega cap offering exposure to the commodities super cycle .

BlackRock's Richard Davis talks to Joanna Faith about the motivation behind the recent launch of his World Resources Income fund and his outlook for the commodities sector following the recent sell-off.