Oil – OPEC crude oil output is on course to reach its lowest since October 2011 this month as discontent in Libya, pipeline leaks in Nigeria and Iraqi export disruptions weigh on supplies, a Reuters survey found on Thursday.
Articles Tagged "libya"
Oil – Bloomberg reported that armed clashes occurred at a Waha Oil Co oil field in Libya.
Oil – Injured soldiers protested outside western Libya's main oil refinery on Thursday, closing operations for the second time this month, a company spokesman said, and raising fears of a petrol shortage in the war-battered country.
Uranium – Reuters reported the U.N. is pushing Libya to sell a stash of yellowcake uranium in a warehouse that is not safe nor secure enough for long-term storage.
Gold – Reuters reported that Benghazi's gold market is very quiet, with few buyers coming to browse the products.
Oil – Reuters reported that US crude oil prices are up on the crisis in Libya and lower US gas stockpiles.
Heavy Oil – Bloomberg reported that oil exports from Libya will rely on the rebels securing the country’s largest oil field.
Oil – Oil prices eased modestly early on March 28 after advancing rebels in Libya announced that they would be able to resume crude exports in a week and Qatar promised to help them market their product on world markets.The price remains 8 percent higher than it was a month ago, and 30 percent higher than a year ago, challenging global economic recovery.
Gold – The price of gold remained generally flat Tuesday, up $1.70 to close at $1428.80 per ounce. However, the trend for increasing prices should be supported by rising inflation numbers surrounding sustained high oil prices.
Gold – Bloomberg reported that continued unrest in Libya has boosted demand for gold as an investment safe haven.