The Middle East turmoil is affecting the supply of oil, and has an affect on crude oil markets as many investors are keeping close tabs on the development in the Middle East and reacting accordingly. The news from the region…
Tag: crude oil price
WTI Oil prices passed the 100 mark – March 2
The Suez Canal brings a lot of attention in the last couple of days, first with the passing of two US warships headed to Libya and now with two Iranian warships passing later on today the Canal and are headed…
Oil prices outlook – 2 March
The recent news continue to come from the Middle East as the US sent two warships to the Middle East to reach Libya, while in Iran there are were violent protests, all this rose the anxiety level in the Middle…
Oil prices soar on Middle East turmoil escalation– March 1
The turmoil in the Middle East takes another turn, this time it’s Iran entering the list of countries with violent riots between citizens and armed forces, also the Libyan turmoil continues, all these news probably affected crude oil price as…
Riots in Iran raise the Middle East uncertainty
After the riots in Egypt and Tunisia have subsided and the turmoil in Libya continues, the next country in the Middle East causing the stir up in the region is Iran. Many have thought it will only be a matter…
Oil prices outlook – 1 March
The news in the Middle East keeps on rolling; however crude oil price didn’t change much yesterday, how will oil prices act at the rest of the week, remains to be seen. Let’s examine the recent activity in the energy…
Natural gas prices rise to end the month – February 28
The third week of Libya’s turmoil continues, however, yesterday there weren’t any big changes in crude oil price; Natural gas prices rose to finish off the month of February. Let’s review the main changes in major energy commodities market and…
Oil prices outlook – 28 February
The turmoil in Libya, which started off at February 15th, enters into its third week. Qaddafi remains adamant in not stepping down from his ruling, even though by now it seems to be over, especially after his violent attacks against…
UN Security Council sanctions Libya
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…
Oil prices soared as Libyan riots continued – Weekly recap 21-25 February
The riots in Libya continue and the UN Security Council just voted to sanction Qaddafi for the crimes against humanity he is committing on the Libyan people. This turmoil raised the level of instability in the Middle East and consequentially…