As the Libya turmoil continues, the UN Security Council decided to pose economic and commercial sanctions against Libya and also called for the immediate investigation of the crimes being committed in Libya mainly by Qaddafi and his people. In the…
Category: News by Region
How does the Middle East turmoil affecting the Brent oil WTI spread
The riots in Middle East that started more than a month back in Tunisia, later continued to Egypt and now have spread to Libya are the major news affecting the energy markets, including the recent rises in crude oil price.…
Europe is set to Sanction Qaddafi to stop Libya’s turmoil
In an attempt to curb the current turmoil and bloodshed in Libya the European Union is setting up sanctions to be taken against the violent oppression in Libya. These sanction may include, embargo and seizing offshore assets of Libya. For…
Oil prices outlook – 23 February
The turmoil in Libya continues and affected crude oil price (WTI and Brent) as they soar in the last couple of days. Let’s examine the recent activity in the energy market and analyze the effects of the recent news from…
Qaddafi ups the ante and threatens to explode Libya’s oil reserves
The news from the Middle East is still pouring in, this time it comes from Libya’s Muammar Qaddafi: according to recent reports, Qaddafi threatens to explode Libya’s oil reserves in an attempt to cut Europe’s supply of oil. Libya, a…
The Iranian warships passed the Suez Canal
As part of the current Middle East turmoil the two Iranian warships were reported to have passed the Suez Canal and they are currently in the Mediterranean Sea, for the first time since 1979, and en route to Syria. These…
Saudi Arabia Responses to Turmoil in the Middle East – 22 February
The Middle East turmoil already caused some uprise in the crude oil price today, driving it up as the uncertainty in supply of oil from Libya – an OPEC member, could be at jeopardy. Saudi Arabia, according to Prince Abdulaziz…
Oil prices outlook – 22 February
The news of the uprise in Libya has attacked the crude oil price (WTI and Brent) with rapid rises, despite the downward trend of WTI price during 2011. Let’s examine the recent activity in the energy market and analyze the…
Oil prices outlook – 17 February
Crude oil price (WTI) rose yesterday despite the ongoing downward trend it experienced during 2011. Let’s examine this behavior: The main news related to the recent changes in crude oil prices come from the US and Middle East. In the…
Examining the spread between Brent oil and WTI – February 16
The gap between the crude oil price WTI and Brent oil price has reached on Monday a new high, at 19.46$/b. This is the largest gap it recorded in over in 23 years. Yesterday the gap was a bit smaller…