Today, the IEA – International Energy Agency published its monthly report on the global crude oil market as of November 2011. According to the report, during November, OPEC’s oil production increased to 30.68 million bbl/d compared with October’s average oil production;…
According to the December report prepared by the Organization of the Petroleum Exporting Countries regarding the oil market for November, the OPEC oil production rose during November compared with October 2011’s oil production levels. OPEC’s crude oil production reached 30,367…
The week started with sharp falls across the boarder at many financial markets including stocks, forex and commodities markets. This may have been stem, in part by the markets reactions to Friday’s EU Summit that didn’t reach the expectations of…
As I have expected, in the last Federal Open Market Committee meeting, which was held today, December 13th, there were no surprises and Committee decided to maintain its current monetary policy and didn’t introduce a new stimulus plan such as…
Crude oil prices slightly declined during last week after oil prices rose during the past couple of months including November and October. There are many news items on next week’s agenda including the OPEC meeting and OPEC and IEA’s monthly report…
After long and hard deliberations in the recent EU summit that was held in Brussels on Friday, December 9th there seems to be a basic agreement among 23 of the 27 European Union that call for stronger fiscal controls –…
The third week of December brings many news items, meetings and events that may affect forex and commodities markets; these items include: U.S. PPI, U.S. CPI and Philly Fed Survey; OPEC’s meeting; FOMC meeting and statement; Swiss Bank’s rate decision…
Following Thursday’s ECB’s decision to cut the rate by 0.25 percent point and also Mario Draghi statements of his opposition of bond purchase program by ECB, the commodities prices rallied from the sharp falls recorded on Thursday: Gold and silver prices…
Crude oil prices started December with a downward trend after they had risen during the past couple of months. Next week there is an OPEC meeting that might stir up the oil market and affect the crude oil prices’ development.…
Major commodities changed direction and fell; this change came following the ECB press conference in which the interest rate was cut by 0.25 percent point and also the ECB President Mario Draghi didn’t promise any QE programs. This news pressured down…