The attacks in Libya by the allied forces progresses, with no clear schedule on how long this operation will take place, and yet yesterday crude oil prices rose moderately and didn’t seem to react much to this news. Natural gas spot price moderately fell and gold and silver prices continue to increase. Let’s review the main price changes in major energy commodities and precious metals for March 21st: Oil and…
Let’s examine the mains news that might affect the changes in the current gold and silver prices as of March 21st: Japan’s tsunami attack affects Japanese officials state that the number of missing or dead could rise to well over 21,000. There is no clear estimate on how much damage the country suffered however it will probably be over billions of dollars. There are still concerns about containing the nuclear…
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 crude oil price as of March 21st: Libyan attack update Following the decision to enter Libya, the attack of allied forces continue in their attempt to ground Qaddafi’s air force…
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 nuclear reactor in Fukushima, and Japan needs to recover all missing persons, thus it’s very early to consider the aftermath of this disaster with all the ramifications. Nonetheless, let’s try to…
This passing week continued to revolve around the ramifications of the recent tsunami on Japan and the Libyan turmoil. These news items caused turbulence in the financial markets and might have affected the crude oil market as (for more on these subjects see here). Following the tsunami attack on Japan from Friday, March 11th, there are reports of over 19,000 casualties or missing people. The main concern now is the stabilization…
Here is a weekly forecast for March 21st to 25th presenting the main news items, reports and events scheduled for this week related to US, Canada and Europe. Besides these reports that might affect the commodities markets, the main news items that will continue to stir up the financial markets are the Allies’ attacks on Libya and the adverse affects of the tsunami and earthquakes on Japan, including the nuclear…
The natural gas market continues to slowdown as consumption in the US drops and the natural gas storage declines at a more moderate rate, and yet the prices of natural gas Henry Hub rose this week, mainly future prices (April delivery). There is some speculation around the cause of the recent natural gas future prices rally, which might be related to the turmoil in Japan (see here for more on…
The financial markets keep their erratic behavior; first it was due to the riots in the Middle East and North Africa including Libya and Yemen (see here for an update on the recent news regarding Libya), and now it’s also due to the tsunami attack on Japan from last Friday; the tsunami and the earthquake that followed caused thousands of lives and an ongoing nuclear threat in Fukushima (see here for…
Let’s review the main price changes in major energy commodities and precious metals for March 18th: Oil and Gas prices: Crude oil price (WTI spot) fell yesterday by 0.35% as it reached 101.07$/b. Brent spot price also decreased by 0.44% to reach 114.3$/b. As a result the difference between Brent and WTI moderately fell to 13.23$/b. Natural gas spot price (Henry Hub) continues to zigzag as finished off the week…
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 Libya – a threat on Qaddafi to cease his army from its air assault on the Libyan rebels. This decision is only one of several military actions the UN decided…
The natural gas market starts to level out with fewer price drops. The turmoil in the Middle East doesn’t seem to affect this energy market even though the turmoil has an affect on other energy markets mainly crude oil. The recent tsunami attack on Japan and its energy shortage might have an affect on natural gas prices as suggested in an earlier post. Let’s examine in detail the recent EIA…
On account of the ongoing uncertainty in Japan around the nuclear reactor and the radiations omitting from it along with the unease in the Middle East and North Africa, including Libya, Yemen and Bahrain, the fluctuations in the financial markets keeps on rising. Yesterday, the Brent oil and WTI (spot and future) crude oil prices rose precipitately. Natural gas spot prices didn’t change, but the Henry Hub future price rose…
