Following the UN decision from Friday, March 18th to enforce the no-fly zone over Libyan air, European and U.S. joint forces started their attack on Qaddafi’s forces today, March 20th. There are reports that the allied forces unleashed their warplanes…
Tag: crude oil price
The erratic behavior of oil prices – Weekly recap 14-18 March
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…
Weekly outlook for 21-25 March
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…
Oil prices closed the week with moderate falls – March 18
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%…
Oil price keeps on rising to its weekly high – March 17
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…
Oil prices forecast – 17 March
The unease in Japan progresses as there are growing concerns for a nuclear disaster due to the rising pressure in cores of the Nuclear Reactor in Fukushima. Let’s review the main news items that are related to the oil market and might…
Petroleum stocks drop | EIA review oil stocks access – March 17
Here is a review on the EIA petroleum report on the recent changes in crude oil price and petroleum stocks for the week ending March 11th. The report also reviews the subject of the accessibility of oil inventories in Europe…
Oil prices bounced back with rises – March 16
The financial markets keeps on rapidly changing with no apparent direction as the uncertainty in Japan continues. After crude oil prices fell on Tuesday, yesterday the Brent oil and WTI (spot and future) bounced back with rises. Natural gas spot…
OPEC crude oil output fell during February – IEA report
In the recent IEA – International Energy Agency monthly report on oil markets for the month of February 2011, OPEC’s oil output fell by 95,000 b/d to reach 30.05 mb/d. On an average monthly scale, nearly 200,000 b/d was lost…
Oil prices free fall along with many other commodities – March 15
As the turmoil in Japan progresses, so does the effect it has on the financial markets. Yesterday major energy commodities prices declined, including crude oil spot price. Gold and silver prices also fell for the second straight day, and natural…