Oil Price Daily News Update
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- Kurds Hold the Aces in Iraqi Oil Sector
- Sudanese Government Backtrack on Decision to Increase Electricity Rates by 150%
- Investing Lessons in One of the World’s Most Volatile Sectors
- Can the Big Shift in Energy bring a Return of Industrial Demand?
- Iran will Look to Refine its Crude Domestically, Rather than Export it
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Kurds Hold the Aces in Iraqi Oil Sector Posted: 02 Aug 2012 12:54 PM PDT The Kurdish government in Iraq announced Wednesday it would resume oil exports from the region later this week. Erbil had shut down exports in April, blaming the central government in Baghdad for withholding payments owed to international oil companies working in the semi-autonomous north. The region’s Ministry of Natural Resources said the resumption was a goodwill gesture meant to encourage the central government to settle the outstanding payments. With foreign companies seemingly focusing their financial energy in northern Iraq, however,…
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Sudanese Government Backtrack on Decision to Increase Electricity Rates by 150% Posted: 02 Aug 2012 12:46 PM PDT Gee, sometimes a head of state wanted by the International Criminal Court on two warrants for his arrest just can’t get a break.Sudan’s government is described by the U.S. State Department as a “Constitutional democracy in form.”Sudan’s titular leader, President, Prime Minister, and Commander in Chief of the Armed Forces–Lt. Gen. Omar Hassan Ahmed al-Bashir, is unique among world leaders in that he is the only head of state currently subject to not one, but two arrest warrants issued by the ICC for genocide committed…
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Investing Lessons in One of the World’s Most Volatile Sectors Posted: 02 Aug 2012 12:33 PM PDT One of the biggest questions energy investors face is how to trade volatility. For example, in a flat to down energy market, professionals often say trading volatility is the only way to make money. “A flat bear market can give flat performance, but with a lot of volatility,” says Martin Pelletier, Managing Director at Trivest Wealth Counsel of Calgary. “Fifty per cent to 100% swings either way are quite common.“Unfortunately investors have reacted incorrectly—buying the tops of secular bull markets and selling the…
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Can the Big Shift in Energy bring a Return of Industrial Demand? Posted: 02 Aug 2012 12:17 PM PDT Outsourcing has become a dirty word in the 2012 election, in part, because over the last decade the US lost more than 5 million jobs to offshore emerging markets. While politicians are busy scoring points about which party or players are responsible for these job losses, they are losing sight of a reversal of fortunes now taking place that offers the potential of bringing many of these manufacturing jobs back to the US—if we get our policy and political act together. Accenture just released a new research report entitled “North…
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Iran will Look to Refine its Crude Domestically, Rather than Export it Posted: 02 Aug 2012 12:08 PM PDT President Mahmoud Ahmadinejad says Iran should focus now on oil products in light of tightening sanctions Iranian President Mahmoud Ahmadinejad said Iran should stop exporting crude oil and focus on selling refined oil products instead, a day after the US tightened sanctions on Tehran. “We must stop the exports of crude oil,” Ahmadinejad was quoted as saying by the Islamic Republic News Agency (IRNA) in a speech opening a new refinery near Tehran. “We must go in such a direction that we do not export crude oil, and this is doable through the development…
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