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…
Tag: crude oil prices
No apparent impact on oil shipment due to Japan’s crisis
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…
Natural gas begins the week with a fall – Dec 27
The long holiday weekend is behind us, however this week will probably won’t be much different as the New Years is upon us. The trade for this week started at a slow pace with Crude oil prices moderately falling. Natural…
China raises interest rates –reviewing its effect on crude oil prices
As speculations expected, China decided over the weekend to raise its interest rates, in order to fight its ongoing rapidly growing inflation. China reported that for the month of November, the inflation rate of 5.1%, which is the highest rate…
Should we be concerned with Crude oil prices in 2011?
Since we are nearing 2011, there are many speculative sayings in regards to crude oil price forecast in 2011. Some consider that it could shoot off the roof and reach very soon the 100 USD mark and from there on, it…
Crude oil and Natural gas prices – Weekly recap 20-23 of Dec
This short week brought many fluctuations in natural gas prices, but not so for Crude oil prices; here is a weekly recap for this passing week of December 20-23 for crude oil prices and natural gas prices: Crude oil prices…
NY City Gate Spot rose yesterday by 24% – daily recap 23 Dec
Natural gas prices continue to show erratic behavior as the New York City Gate Spot after falling all week by a total 44%, yesterday it bounced back by over 24% and thus settling on 7.2 $/MMBTU a 1.4 $/MMBTU rise;…
NY City Gate Spot fell yesterday by 29% – daily recap 22 Dec
Natural gas prices continue to change in a very erratic behavior as the New York City Gate Spot fell for the third straight day, this time by over 29% and thus completing a fall from 10.49 $/MMBTU at the beginning…
Crude oil Nymex futures passing the 90 USD–Dec 22nd
As we are getting closer to the holidays, the Crude oil prices continue to show inclinations as Nymex is currently traded at over 90 USD/b mark, and thus reaching the highest level in the past couple of years. Brent Crude…
WTI Crude oil nearing the 90 USD mark – daily recap 21 Dec
Yesterday, most of the energy commodities’ prices, including Crude oil prices and precious metals prices (Gold and Silver) continue to rise as it did at the beginning of the week. In particular, WTI Crude oil continues to rise and is…