The news from the Middle East is still pouring in, this time it comes from Libya’s Muammar Qaddafi: according to recent reports, Qaddafi threatens to explode Libya’s oil reserves in an attempt to cut Europe’s supply of oil. Libya, a…
Tag: crude oil price
The Iranian warships passed the Suez Canal
As part of the current Middle East turmoil the two Iranian warships were reported to have passed the Suez Canal and they are currently in the Mediterranean Sea, for the first time since 1979, and en route to Syria. These…
Saudi Arabia Responses to Turmoil in the Middle East – 22 February
The Middle East turmoil already caused some uprise in the crude oil price today, driving it up as the uncertainty in supply of oil from Libya – an OPEC member, could be at jeopardy. Saudi Arabia, according to Prince Abdulaziz…
Oil prices outlook – 22 February
The news of the uprise in Libya has attacked the crude oil price (WTI and Brent) with rapid rises, despite the downward trend of WTI price during 2011. Let’s examine the recent activity in the energy market and analyze the…
Oil prices outlook – 21 February
Crude oil price (WTI) starts off the week with rises, despite the recent downward trend the WTI price had experienced during 2011. Let’s examine this energy commodity behavior of WTI and Brent oil: The two main news items that might…
Weekly outlook for Crude oil, Natural gas and Gold 21-25 February
Here is a weekly outlook for the week of February 21st to 25th showing the news items and reports that will be published this coming week mainly related to the US, Europe, and Japan economies. The news besides these reports…
Oil prices’ erratic behavior – Weekly recap 14-18 February
The instability in the Middle East continues to rise as Iran sent to Warships to Syrian and just passed the Suez Canal. Some already speculate that this news and the impediments in transmitting natural gas to Israel are signals for…
Oil prices continue to rise –February 17
Let’s review the main changes in major energy commodities market and precious metals for February 18th: Oil and Gas prices: Crude oil price (WTI spot) continue its rally, after rising on Wednesday by 2.24%, yesterday it inclined by 1.61% as…
Oil prices outlook – 17 February
Crude oil price (WTI) rose yesterday despite the ongoing downward trend it experienced during 2011. Let’s examine this behavior: The main news related to the recent changes in crude oil prices come from the US and Middle East. In the…
Petroleum stocks decline for first time in weeks – February 17
The EIA recent energy report, pertaining crude oil price and petroleum stocks, referred to Groundhog Day. The EIA analysts suggest that Americans shouldn’t wait for Groundhog Day in planning their purchasing of heating oil. Since, according to EIA calculations, the…