Saudi Arabia and $147 Per Barrel
Oil prices may surge to new highs if unrest spreads in Mideast Crude oil prices may easily break record highs if the unrest in Libya and the rest of the Middle East and North Africa spreads to more major oil producing countries, a senior energy analyst said on Monday. Any serious turmoil in Saudi Arabia ...
Oil Price Spikes: A Blessing or A Curse?
Oil Price Spikes: A Blessing or A Curse? Since the beginning of this year, developments in North Africa and the Middle East have caused an increase of over 20% in the price of crude oil by the end of March. This, many experts believe will also have an impact on the equity markets of emerging ...
Oil Futures: Japan Quake and Mideast Unrest
Mar 15, 2011 Crude oil prices steadied from earlier losses on Monday in New York as the market gauged the impact of Japan’s earthquake disaster on demand and eyed continuing unrest in the Arab world. Oil prices were under pressure from the prospect of lower demand in quake-devastated Japan, the world’s third-largest economy and heavily ...
Drill, Baby, Drill Fails?
Drill, baby, drill fails: Oil prices soar in spite of sharp increase in U.S. production under Obama US oil production last year rose to its highest level in almost a decade…. As a result, analysts believe the US was the largest contributor to the increase in global oil supplies last year over 2009, and is ...
Washington Considers Strategic Oil Reserve
Using the Strategic Petroleum Reserve Is Not the Answer to High Gas Prices All the buzz yesterday on the talk shows (besides Michele Bachmann repeating her talking point dozens of times on Meet the Press rather than actually answering questions) was tapping the Strategic Oil Reserve to somehow lower gasoline prices. To even suggest such ...
Where Art Thou Going, Oil Prices?
The Libyan Crisis: Where Are Oil Prices Going? Mar. 3 2011 – 1:40 pm Posted by Marin Katusa Tensions in the Middle East plus transportation constraints: Where art thou going, oil prices? The oil picture is always complex, but right now things are about as complicated as they can get. The unrest in Egypt has ...
Oil Prices Leashed to Libya
Oil jumps after Libyan air strike near oil terminal By REUTERS03/02/2011 19:15 Oil rose on Wednesday as escalating violence in Libya threatened the OPEC nation’s oil infrastructure and markets braced for a potential prolonged disruption. Prices jumped to close in on fresh two-and-a-half year highs on news that fresh air strikes hit Brega, about 2 ...
