As the turmoil in the Middle East continues especially the Libyan riots, there are currently reports of Saudi Arabia sending its troops into Bahrain, as Bahrain requested from Saudi Arabia its support in fending off protestors. Saudi Arabia tries…
Category: Crude Oil
Japan doubles Asset purchase to ward off adverse ramifications from tsunami
The tsunami that attacked Japan and caused damage and casualties on a national level, also had a heavy toll on its economy. In an attempt to ward off the adverse ramifications, the bank of Japan doubled its assets purchased and…
Oil prices forecast – 14 March
After the tsunami attack in Japan that started on Friday, the effect it will have on the financial markets will remain to be seen, however the damage it caused the Japanese economy is staggering and there is still concern over…
The rise and fall of oil prices – Weekly recap 7-11 March
This passing week had many news items that caused turbulence in the financial markets and might have affected the crude oil market as well such as the ongoing fights in Libya, and the recent turmoil from the Far East –…
Weekly outlook for 14-18 March
Here is a weekly forecast for the week of Match 14th to 18th presenting the main news items, reports and events scheduled for this week mainly related to the US, Europe, and the US. Mainly there will be publications regarding…
Obama to reassure that the US is capable of dealing with energy disruptions
Following the ongoing surge in crude oil price mainly due to the turmoil in the Middle East in North Africa in the passing months, the President of the US – Barack Obama said yesterday that the US is ready to…
Oil prices continue to fall | natural gas continues to zigzag – March 11
Crude oil price continue it’s decent and it could be related to the weakness in the financial markets caused by the recent turmoil in Japan as a tsunami attacked the shores of Japan yesterday; gold and silver prices inclined, and…
Oil prices outlook– 11 March
Today is probably one of the intense news days in recent history as there are many important news items that are affecting different part of the globe including a tsunami in Japan, Libyan turmoil and Day of rage in Saudi…
Oil prices fell yesterday | natural gas continue to zigzag – March 10
Crude oil price WTI spot and Brent oil continue to fall as they closed the market with a decline and the gap between the two commodities’ prices moderately widen; gold and silver prices declined, and natural gas spot price continued…
Libya’s oil port runs out of oil stocks
There is a report in Asiaone News that in Brega – Libya’s oil port there is no more crude oil stocks, due to the national turmoil in the county. On a related news, there are reports that OPEC has risen its oil…