Archives

Feb
16
2013

Why Is Gas Price Remaining High When Oil Price Is Going Down?

Logic would seem to dictate that if oil prices are going down, the price of gasoline should follow suit and go down also. However the opposite has been observed lately. Of course as is the case in any fluctuation of oil prices, there is a range of reasons responsible for this. So why exactly is […]

Feb
16
2013

Why Gasoline Prices Refuse to Slide

Crude oil prices have been in the news off-late for the sudden fluctuations in the international market. Various factors such as a weak global economy, a strong dollar, and easing of tensions in the Middle-East have all led to the fall during the April-June 2011 period. The price per barrel of crude is around $90 […]

Feb
16
2013

WTI edging on Brent Crude Oil?

WTI vs Brent- which is the better benchmark? Or, perhaps what is WTI and what is Brent? Primarily, there are two types of crude oil traded in the international markets (three really, but two majors): WTI (West Texas Intermediate) and Brent. WTI used as a benchmark in determining oil prices, is crude oil of high […]

Feb
16
2013

Tighter Oil Supply in 2012?

Predictions for the future? Here’s one based on the available pointers: Tighter oil supplies in 2012. In fact, brace yourself, a potential demand surge could, in essence, bring this faraway calculation of next year, nearer by three months. And with it higher price for oil. Last month, the IEA announced release of strategic oil reserves […]

Feb
16
2013

Strait of Hormuz and Oil Price Rise

The Strait of Hormuz is in the news again. The Iranian parliament is considering a bill that threatens to close this Strait to oil tankers from countries that support sanctions imposed on Iran. More than half of the members of parliament are said to have signed the bill. Before that, what is Strait of Hormuz? […]

Feb
16
2013

Oil prices down – for now

The price of crude oil is closely watched by market analysts and the common man alike. This is because the uncertainty associated with it brings frequent fluctuations depending on factors like the strength of the dollar, global politics, and natural disasters. This year has been a particularly unpredictable one and even the most seasoned […] […]

Feb
16
2013

Is Oil Fueling the Rise in Political Partisanship?

In 2009 I published a chart in an article at Oil-Price.net that showed volatility in the price of oil had risen and fallen in a series of seven spikes during the prior decade. The turbulent year of 2008, when oil jumped to over $140 a barrel, was part of this series. But what was unexpected […]

Feb
16
2013

Iran, Oil and Strait of Hormuz

Strait of Hormuz, for the uninitiated, is the narrow passage connecting the Persian Gulf to the Arabian Sea, surrounded by countries like Saudi Arabia, Iran, UAE, Iraq and Oman. It is significant for the simple reason that about 17m barrels of oil produced in the Middle East is transported through the Strait. Right now, the […]

Feb
16
2013

Impact of Credit Downgrade on Oil Prices

Standard and Poor’s (S&P) credit rating for the US was pulled down a notch to AA+ from AAA in August 2011 for the first time in the history of the rating system. The agency had expressed concerns about the nation’s ability to manage its debt and hinted that the Obama administration should pull up its […]

Feb
16
2013

Gaddafi’s Legacy of Libyan Oil Deals

Gaddafi is gone, and how. Yet, his legacy would be tough to scratch. The news of his death marks the beginning of a new era for oil exploitation in Libya which markets greeted with a slight dip in oil prices. Today we look back at Gaddafi, oil and his international partners. Libya’s dirty secrets for […]

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