Oil at $121 on growing Libya fears April 4, 2011 OIL PRICES surged past $120 (£74.35) a barrel to reach a 28-month high yesterday, as unrest in Libya and across the Middle East put further doubt on the security of supplies. Brent crude futures for May delivery rose 2.3 per cent to $121 a barrel in London trading yesterday, while spot prices rose 1.7 per [...]
INDICES RISE BUT SO DOES UNCERTAINTY March 28, 2011 CFD MARKET STRATEGIST, GFT IT HAS been just over two weeks since Japan was hit by a devastating earthquake and tsunami, yet most major stock indices are already trading back at pre-crisis levels. This is despite the huge reconstruction costs faced by the country which have been estimated to be anywhere between 4 and 16 [...]
Oil hits new highs after fresh Middle East tension February 16, 2011 BRENT crude oil prices surged to near two-and-a-half year highs yesterday as fresh tensions between Israel and Iran added to spreading unrest in the Middle East. Israel’s foreign minister, Avigdor Lieberman, said two Iranian warships planned to sail through the Suez canal en route to Syria and called the move a “provocation”, sending up prices [...]
Oil hits new highs after fresh Middle East tension February 16, 2011 BRENT crude oil prices surged to near two-and-a-half year highs yesterday as fresh tensions between Israel and Iran added to spreading unrest in the Middle East. Israel’s foreign minister, Avigdor Lieberman, said two Iranian warships planned to sail through the Suez canal en route to Syria and called the move a “provocation”, sending up prices [...]
Oil, gold and silver surge on Middle East unrest February 21, 2011 Brent crude oil prices surged to more than $105 a barrel for the first time since 2008 yesterday on worries that spiralling violence in Libya could disrupt oil exports. Fears also mounted that protests could spill into other oil-producing countries, with Iran the next big question mark. Brent futures, which have climbed more than $10 [...]
Oil price rises over Oman supply fears February 28, 2011 Brent crude rose over one per cent to near $114 a barrel today (Monday) as protests in Oman fuels concern about security of supply from the Middle East and North Africa even as top exporter Saudi Arabia pumps more. Oman is the latest producer to feel the impact of the regional unrest, although its oil [...]
Saudi says it will meet oil shortages February 22, 2011 SAUDI Arabia yesterday said it would step in to meet shortage in oil caused by the chaos in Libya. Saudi Arabian oil minister Ali al-Naimi said there would be no shortage and that other Opec members would step into the breach should production be jeopardised. Speaking at the sidelines of an oil conference in Riyadh, [...]
Saudi says world has enough oil despite Libya turmoil February 21, 2011 World markets have plenty of oil, top exporter Saudi Arabia has said, as a wave of revolution has tightened its grip on OPEC member Libya, driving prices to a two-and-a-half-year high. Energy ministers have arrived in the Saudi capital Riyadh on the eve of talks designed to narrow the gap between producer and consumer nations. [...]
THE WEEK AHEAD February 13, 2011 COMPANY NEWS ● Barclays will release its full year results tomorrow. ● Miner BHP Billiton will release its half year results on Wednesday. ● French bank Societe Generale will release its fourth quarter results on Wednesday. ● On Thursday, bank BNP Paribas will release its fourth quarter results. ● BAE Systems will release its full year results on Thursday. [...]
Speculators seek out sanctuary from shock February 22, 2011 SHOCKS, both in the political and seismic sense, have driven flight into the US dollar and the Swiss franc as investors shy from risk. Headlines in recent weeks have been dominated by political unrest in north Africa and the Middle East, but Libya’s turmoil is the first time that a major oil producing country has [...]