Given the ethnic turmoil in Iraq triggered by ISIL’s recent seizure of towns in Iraq’s North and West it is uncertain how this will impact on oil production in the Shia controlled South, from where the bulk of Iraq’s oil exports come from.
Articles: Middle East conflict (34)
A mid-week update. Oil prices fell this week on continuing weak demand in the US and the possibility that Libya will soon resume oil exports.
A weekly update, including: -Oil and the global economy -The Middle East and North Africa -China -Quote of the week -The Briefs
A midweek update. The New York oil market has been quiet this week with futures trading around $93 a barrel while awaiting further news
A midweek update. After two days of quiet trading, oil prices surged in New York on Wednesday after the weekly stocks report showed that US gasoline and distillate stocks fell considerably more than expected last week.
A midweek update. With the US shutdown/default crises overshadowing other issues, NY oil traded between $101 and $103 this week as prospects for a resolution to the standoff in Washington went up and down.
Behind the conflict in Syria are the long-term issues of climate change (drought) and control of oil resources. Here are the latest excerpts from analyses and reader opinions.
A midweek update. Crude oil prices traded in a narrow range after three weeks of steady increases that brought New York crude from $94 a barrel to $106 and London from $100 to close Wednesday at $108.57.
A mid-week update. There has been little movement in the price of oil so far this week with New York futures hovering around $95 a barrel and London around $101.
A mid-week update. After falling on Monday and Tuesday, oil prices rebounded to roughly unchanged on Wednesday on a weaker dollar and a report from Libya that oil production has fallen to less than 1 million b/d after sabotage and labor unrest closed oilfields and ports. New York oil futures …