Let’s review the main news items that are related to the oil market and might affect crude oil price: Libya Turmoil update Qaddafi continues the air strikes and targets not only the rebels’ hubs, but also oil facilities along…
Category: Crude Oil
Petroleum stocks keep on falling | EIA raise oil forecasts – March 10
The EIA petroleum report regarding the week ending on March 4th that reviews the recent changes in crude oil price and petroleum stocks, refer to its change in oil prices forecast. This change is mainly related to the recent turmoil…
Brent oil bounced back while WTI oil fell – March 9
Crude oil price WTI spot closed the market with a moderate fall, while Brent oil bounced back, as the gap between the two commodities’ prices widen; gold and silver prices inclined, and natural gas spot price continue to zigzag as…
Libya’s turmoil cause its largest oil refinery to shut down
According to a recent report by Bloomberg, Libya’s largest refinery – Ras Lanuf, has been shut down due to the fights between the rebels and Qaddafi’s army. Currently there were no reports of any damage, however if there will be…
Oil prices outlook – 9 March
Let’s see how does the crude oil market might react as the day will progress, analyze the recent news from the Middle East and check if there is any news that might affect crude oil price: Libya Turmoil update The…
Oil prices fell yesterday, Brent oil & WTI gap shrinks – March 8
Yesterday there were moderate falls across the boarder: Crude oil price WTI and Brent oil declined, as the gap between the two commodities’ prices continue to close; gold and silver prices also declined for the first time this week, and…
Does the Middle East turmoil affecting natural gas prices?
After yesterday’s high gains in Natural gas prices, not only natural gas spot price but also future price (Henry Hub) April devilry as it rose by 3.15% to reach 3.93$/mmbtu. There are some speculations around this recent rise, as reported…
Oil prices outlook – 8 March
Let’s examine the crude oil market, analyze the recent news from the Libya and check if there is any news that might affect crude oil price: Libya Turmoil update According to recent reports the fights and bloodshed in Libya…
WTI price continues to close the gap from Brent oil– March 7
Crude oil price (WTI) moderately rose while Brent oil moderately fell yesterday and thus taking another step forward in closing the gap between the two commodities’ prices; gold and silver prices continue their upward trend, and natural gas spot price…
OPEC members are to raise their oil output
According to FT due to the recent turmoil in the Middle East, and in particular in Libya – an OPEC member and responsible for nearly 2% of the oil output worldwide – OPEC members (Kuwait, the United Arab Emirates and Nigeria) have…