Insight and inspiration in turbulent times.
New York oil prices have climbed about $1 a barrel this week closing on Wednesday at $100.29, while London oil slipped to close at $105.85 on hopes that the Ukrainian situation will not lead to a curtailment of oil supplies to Europe.
A weekly review including Oil and the Global Economy, The Middle East & North Africa, Ukraine, Quote of the Week, The Briefs
As a former correspondent in Kiev, Moscow and Georgia I find the attempt to link the Ukraine conflict with pipelines and natural resources is highly debatable.
A weekly update including Oil and the Global Economy, The Middle East & North Africa, China, Quote of the Week, The Briefs.
Resource scarcity, competition to dominate Eurasian energy corridors, are behind Russian militarism and US interference.
This week’s trading has been dominated by the Ukrainian situation which sent Brent crude surging by $3 a barrel on Monday before falling to close at $107.76 — nearly $1.50 below where it started on Monday.
A weekly review including: Oil and the Global Economy, The Middle East & North Africa, Venezuela, Ukraine, Quote of the Week, The Briefs.
New York oil futures have traded between $102-103 this week settling at $102.59 on Wednesday after the weekly stocks report showed little change in crude inventories, but a million barrel decline in the stocks held at Cushing, Okla.
A weekly update including: Oil and the Global Economy, The Middle East & North Africa, Venezuela, Quote of the Week, The Briefs
Ukraine is shaping up to be a lot like Yugoslavia, except with more than twice as many people, lots of crazed street fighters who think they now own the place, and a role critical to European energy security. If you aren’t in shock about this, then you haven’t been paying attention.
A weekly review including Oil and the Global Economy, The Middle East & North Africa, China, Venezuela, Quote of the Week, The Briefs.
Crude has traded quietly this week with New York futures hovering around $97.50 a barrel where they have been for the last two weeks and London around $106 a barrel.
