There are very early reports that Qaddafi has agreed to a peace offer in Libya according to South Africa. The turmoil in Libya which started during the middle of February is nearing its two months mark. The peace plan was…
Category: News by Region
Weekly outlook for April 11-15
Here is a weekly forecast for April 11th to 15th presenting the main news items and reports related to US, Canada and Europe, and scheduled events, such as the G7 and G20 meetings. During the upcoming week, Trading Energy will…
How does the ECB’s interest rate decision affects commodities?
The recent European Central Bank decision to raise the Euro Area interest rate came with little surprise. What does this decision mean to the financial markets and in particular the commodities market? The European Central Bank convened yesterday in Frankfurt,…
Speculations around ECB’s meeting tomorrow
The speculations around the European Central Bank meeting tomorrow rises: the ECB will need to deicide tomorrow to raise or not its Interest rate which is currently at 1%. The rate remained at this level since June 2009. These speculations…
Crude oil prices forecast for 6 April 2011
Crude oil prices didn’t do much yesterday and there is still little changes in Brent and WTI oil prices. The premium of Brent oil over WTI remains around the 10-14$/b as it did in recent weeks. Will this apparent ease…
China raised again its interest rate – April 5
China continues to fight its growing inflation and tries to slow down the economic activity by raising its interest rate. What does it mean for the energy market, especially crude oil prices? China’s central bank recently announced it will raise…
Crude oil prices outlook – 5 April
Crude oil prices moderately inclined yesterday and thus the unclear trend for oil prices continue. Current oil prices are moderately declining. Let’s examine the main news for today, April 5th that might affect the crude oil markets. Libyan conflict…
BP asked to resume drilling in Golf of Mexico
Following the 4.9 million barrels of oil spill in the Gulf of Mexico last summer by BP, it was reported by the New York Times that BP is seeking to resume its deep ocean drilling in the Gulf of Mexico.…
Radioactive water leaking from the reactor in Fukushima to the sea
Japan’s turmoil – update The concerns around the disaster by the meltdown in the nuclear reactor in Fukushima continue: there are now reports of leaks of radioactive water from core number 2 to the sea. The company Tokyo Electric Power Co is…
U.S Labor report slightly improved in March 2011
The US’s employment report was published today, April 1st by the Bureau of Labor Statistics published about the March 2011.  According to the recent report, the number of non-farm employees increased by 216,000. The rise was mainly in the service-providing industries…