Crude Oil News
Last Updated on Saturday, 24 December 2011 11:18 Written by Erik Thorsen Saturday, 24 December 2011 11:14
The Navy: 50-50 50-50 Blend of Biofuel and Conventional Fuel
Written by Erik Thorsen Tuesday, 13 December 2011 00:00
Crony creepy things happen, behind your back, inner trading with money out of your pocket, taxpayers money, that is. Why spend on crude oil, which is so available and cheap (compared to biofuels)? The Navy went bio-fueling. Applause...
"The departments of Agriculture and the Navy announced plans Monday to buy 450,000 gallons of non-food biofuels -- at a cost of $16 per gallon -- in what will be the largest federal purchase of biofuels in U.S. history.
Price Gap Narrowing Between Brent and WTI Crude
Written by Erik Thorsen Wednesday, 23 November 2011 20:00
Prices of the US benchmark for crude, the West Texas Intermediate, came closer to the European benchmark, Brent crude oil. The gap is narrowing and this means a benefit for the airline companies.
From Nuclear Germany to Russian Natural Gas
Written by Erik Thorsen Thursday, 17 November 2011 00:00
Last week, the Nord Stream Pipeline was inaugurated. This new gas grid will directly bring natural gas to Germany, and Western Europe, via the Baltic Sea. It is planned to operate for at least fifty years. With Germany planning to gradually close its domestic grid of nuclear power plants, it looks like the Russian natural gas imports will be a major replacement. See? It never was about global warming...
Supply and Demand Influencing Prices
Last Updated on Thursday, 27 October 2011 13:40 Thursday, 27 October 2011 00:00
The mid-week analysis show an increase of both WTI and Brent prices. The barrels cost $90 - $110. In addition, last weeks reports show, crude oil have been under-priced, while stocks were overpriced. This was a great opportunity for traders, who could buy crude for a good price. However, this ended now.