North Sea Pipeline Flow Restored, Crude Prices Fall
The price of Brent crude has dropped this morning on news that the leaky Brent pipeline system has been repaired and is flowing again. The Abu Dhabi-based company that owns ...Read Full Story »
Posts related to ‘Brent crude’
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Brent Crude Set to Take Over as Global Standard
The long-standing reign of West Texas Intermediate (WTI) crude as the international benchmark for crude oil pricing has been eroding for a couple of years. Now, there is a virtual ...Read Full Story »
Brent Crude Down To $104
Brent crude traded as low as $104, down from closer to $120 just three months ago. The drop should continue based on data about the faltering economies of India and ...Read Full Story »
High Oil Prices Become Danger, Again
Brent crude was not supposed to rise to $120 again. That was good news, because high oil prices has been viewed as a potential trigger of a global economic slowdown. ...Read Full Story »
Are Diesel Exports Keeping US Gas Prices High? (VLO, MPC)
In the week ended September 16th, the US exported more refined products than it imported. Year-over-year, the US is now exporting 714,000 barrels/day more refined products than it is importing. ...Read Full Story »
Commodities Watch: The Commodities Flush on Crude; Rare Earths Stumble; Russian Wheat Exports to Resume; Sugar Demand to Rise (MCP, REE, AVL, REMX, NOBGY, RDS-A, CZZ)
Today's commodities news centers on the more than -4% drop in WTI crude oil prices which has led to a broad sell-off in most other commodities. This was a day ...Read Full Story »
Media Digest (4.1.2011) Reuters, WSJ, NYT, FT, Bloomberg
David Sokol's trading in Lubrizol before Berkshire Hathaway (NYSE: BRK) bought it may cause regulators to review the transaction. (Reuters) The Inspector General of the Federal Housing Finance Agency said ...Read Full Story »
Fed Member–End QE2, Maybe
Charles I. Plosser, President and Chief Executive Officer, Federal Reserve Bank of Philadelphia, would like the central bank to get out of the QE2 business as soon as possible. He ...Read Full Story »
Middle East Unrest And European Contagion
Yields on the five-year sovereign debt of Portugal rose over 7% as capital markets investors lost faith once again in the nation's ability to right its economy. Past patterns, if ...Read Full Story »
Brent Crude Near $100
ICE March Brent, the primary world measure of oil prices, rose to $99.63 which is an increase of over 2% for last week. Trouble in Egypt and expectations for a ...Read Full Story »
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