Today, the IEA – International Energy Agency published its monthly report on the global crude oil market as of November 2011. According to the report, during November, OPEC’s oil production increased to 30.68 million bbl/d compared with October’s average oil production;…
In this week’s Energy Information Administration petroleum report there is an analysis on the recent developments from Libya and the comeback this country made vis-à-vis its oil production capability. Here is a weekly review for the week ends on December…
Major commodities were traded yesterday with a mixed trend: Gold price bounced back and rose while silver price changed direction and slightly declined; crude oil prices also shifted from green to red as they have declined yesterday as well; natural…
Major energy commodities prices continued to gain yesterday: WTI and Brent oil prices inclined. Natural gas prices (Henry Hub) also rose. Gold price slightly declined while silver price increased. Major currencies such as Euro slightly appreciated against the US dollar.…
According to the last U.S. pending homes sales report the downward trend in this market has changed direction and there was a sharp increase in pending home sales during October 2011, and the October 2011 U.S. pending home sales index…
In this week’s Energy Information Administration petroleum report there is an update of the Seaway pipeline reversal and its role in affecting the price differences between Brent oil and WTI oil. This reversal could further help bring down the gap…
Following the slight decline in the U.S consumer confidence index during October, this index rallied in November. According to the last U.S. consumer confidence survey, the consumer confidence index bounced back in November compared with October’s index: The index reached…
In this week’s Energy Information Administration petroleum report there is an analysis on Ethanol blending in the U.S. and its growing share in gasoline in recent years. Here is a weekly review for the week ends on November 18th of…
Crude oil prices took a sharp turn during the second part of the week as they have sharply declined on Thursday. Brent oil price had a downward trend during most of the week, while WTI oil price started the week…
Crude oil prices continued with their upward trend especially WTI oil prices during last week; the premium of Brent oil over WTI oil price also continued to contract. The rapid changes in Europe including the recent changes in Italy and…