Let’s review the main news items that are related to the oil market and might affect crude oil price as of March 22nd: Allies’ attack in Libya attack update The attack of allied forces progresses to its fourth day, as the…
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…
The recent news from Japan’s turmoil about the nuclear reactor in Fukushima is that there is good progress in Japan’s efforts to tackle the nuclear reactor meltdown: the Japanese have managed to stabilize core number 3, bring back the power line to…
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…
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 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…
The unease in Japan progresses as there are growing concerns for a nuclear disaster due to the rising pressure in cores of the Nuclear Reactor in Fukushima. Let’s review the main news items that are related to the oil market and might…
According to Africa Reuters, the recent turmoil in Japan didn’t affect he shipment of crude oil to the country. In the recent tsunami attack on Japan, more than 30% of its oil refineries’ capability or 1.4 million of oil…