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…
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…
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…
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…
After the bailout plans that were handed to Greece and Ireland by ECB, it’s now time to see if Portugal is next in line. Currently, Portugal’s government bonds (10 years) have a yield of 7.48, which is a 3.42% increase…
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…
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…
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…
The news from Libya continues to show that the turmoil there is far from over, and it also puts risk on the near future of Libya’s oil production. There was also additional news related to crude oil, vis-à-vis USA and…
The Libyan turmoil progresses as the fights between the rebels and Qaddafi’s people don’t seem to subside. Currently the rebels are trying to push towards the Qaddafi’s hometown of Sirte in the east. As a result the current turmoil…