August 24, 2011

Tug Of War Continues in Oil Markets

Jon Hurdle, AOL Energy


Fresh hopes for a resumption in Libyan oil supplies may drive world crude oil prices lower in coming months but that won't begin to happen until the country's leader Muammar Gadaffi is finally driven from power, analysts said.

Prices for the US benchmark West Texas Intermediate crude oil contract edged higher Tuesday morning after the reappearance of Gadaffi's son Seif El-Islam before western journalists--despite rebel claims that the dictator's heir apparent had been captured--indicating that rebels still did not control the capital Tripoli. . .

Read Full Article ››

TAGGED: Libya, foreign oil, oil prices, global oil market, AOL


May 14, 2012
Argentina Smartly Manages Oil on Its Own Terms
Gilbert & Eulich, CSM
As glitter rained down over 100,000 screaming fans in a Buenos Aires soccer stadium late last month, President Cristina Fernández de Kirchner trumpeted her government's takeover of Argentina's biggest oil company, YPF. . . more ››
Argentina’s Lower House voted on Thursday to approve the expropriation of 51 percent of YPF SA, the country’s largest oil company. Expect more international outrage in weeks to come, when President Cristina Fernandez de... more ››
May 14, 2012
OPEC's Very Difficult Decade
Matthew Hulbert, Forbes
 OPEC got some great news lately, Chinese growth is cooling to a ‘cow like’ 8.2% rather than the bullish 8.5% analysts had previously expected for 2012. For oil fundamentals that’s pretty important: Brent has dropped to... more ››
May 14, 2012
Saddam's Iraqi Oil Legacy Is Finally Dead
Razzouk & DiPaola, Bloomberg
Iraq, seeking to more than double oil output by 2015, is poised to overtake Iran as OPEC’s second- largest producer by the end of the year as sanctions hobble crude production in its Persian Gulf neighbor. . . more ››
May 14, 2012
Looking at the Other Side of the Petrodollar Coin
Jim Stanford, Citizen
Ontario Premier Dalton McGuinty recently spoke publicly about the problems Canada’s oil-powered currency was causing for his province’s manufacturing industry. But his words were drowned out by pious outrage from petroleum... more ››