The instability in the Middle East took another turn as there were violent protests in Syria following the Friday prayer. There are early reports of 49 people who died during the protests that took place in all over Syria as…
Tag: crude oil prices
Is Libya headed towards a ceasefire?
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…
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,…
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 Monthly outlook –April 2011
The energy market presented many fluctuations during March. I will shortly present the main characteristics of crude oil prices (WTI and Brent oil) during March, and will ask what will be next for crude oil prices in April 2011? The…
Bashar Assad addressed the protests in Syria
Today, March 30th, Syrian President Bashar al-Assad addressed the protests in Syria for the first time. He said he will implement politic changes that will benefit Syria, but he won’t rush into them. Assad also accused Israel and the US in…
Crude oil prices outlook – 29 March
Here’s the main news items relates to the crude oil market for March 29th: Middle East and North Africa – update Libyan war- update The rebels were met with resistance from Qaddafi’s armed forces as the rebels have advanced westward…
Blast in arms factory in Yemen killed over hundred people
Yemen Turmoil The uprise in Yemen continues, and now there are reports of over a hundred of people died in recent explosion in arms factory raid in the town of Jaar. Current crude oil prices US markets are showing moderate…
Crude oil prices outlook – 28 March
The crude oil market didn’t do much at the end of last week; however the unrest in the Middle East might stir up again the crude oil market. Here’s the main news items relates to the crude oil market for…
France & Italy have entered Libyan air to enforce no-fly zone
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…