The tension in Libya continues, and the UN plans a series of sanctions against Qaddafi’s regime in an attempt to stop the bloodshed there. After crude oil price rose precipitately in the last several days, WTI oil price declined yesterday,…
The riots in Middle East that started more than a month back in Tunisia, later continued to Egypt and now have spread to Libya are the major news affecting the energy markets, including the recent rises in crude oil price.…
WTI future prices just passed the 100$ mark: the protests in Libya continues to their ninth day and Qaddaf’s recent public speech claiming he will see it through to the bitter end decreases the chances of the turmoil in Libya…
The Middle East never was a peaceful place to begin with; however the current volatile situation in many countries in the Middle East is something that even this region hasn’t seen in a long time. As the protestors in Libya…
In an attempt to curb the current turmoil and bloodshed in Libya the European Union is setting up sanctions to be taken against the violent oppression in Libya. These sanction may include, embargo and seizing offshore assets of Libya. For…
The turmoil in Libya continues and affected crude oil price (WTI and Brent) as they soar in the last couple of days. Let’s examine the recent activity in the energy market and analyze the effects of the recent news from…
The Middle East turmoil sets its toll on the energy markets, mainly crude oil, as the prices of oil soared yesterday and on Monday as the riots and uprise in Libya continues with no apparent end in the horizon. Let’s…
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…
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…
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…