The attacks in Libya by the allied forces progresses, with no clear schedule on how long this operation will take place, and yet yesterday crude oil prices rose moderately and didn’t seem to react much to this news. Natural gas…
The attack of the allied forces in Libya on Qaddafi’s facilities had begun and the oil market is already reacting with oil price rises. Let’s review the main news items that are related to the oil market and might affect…
Japan suffered in the recent tsunami attack thousands of dead and missing persons (the current tally is over 19,000 dead or missing), and billions of dollars worth of damage. There are still perils from this tsunami including the condition of…
Following the UN decision from Friday, March 18th to enforce the no-fly zone over Libyan air, European and U.S. joint forces started their attack on Qaddafi’s forces today, March 20th. There are reports that the allied forces unleashed their warplanes…
This passing week continued to revolve around the ramifications of the recent tsunami on Japan and the Libyan turmoil. These news items caused turbulence in the financial markets and might have affected the crude oil market as (for more on…
Here is a weekly forecast for March 21st to 25th presenting the main news items, reports and events scheduled for this week related to US, Canada and Europe. Besides these reports that might affect the commodities markets, the main news…
Following the UN decision a couple of days ago to get involved in the Libyan turmoil, three countries: UK, France and Canada are preparing to enter Libya and stop Qaddafi’s air assault on the rebels. There are reports in Alarabiya…
Let’s review the main price changes in major energy commodities and precious metals for March 18th: Oil and Gas prices: Crude oil price (WTI spot) fell yesterday by 0.35% as it reached 101.07$/b. Brent spot price also decreased by 0.44%…
Let’s review the main news items that are related to the oil market and might affect crude oil price as of March 18th: Libyan riots update Yesterday, the UN finally decided to take action and impose a no-fly zone over…
As the Libyan turmoil progresses, yesterday March 16th the UN has decided to take action and impose a no-fly zone in Libya, due to the recent assault made by Qaddafi’s warplanes on the rebels. This decision is only one of…