AL JAZEERA ENGLISH (AJE) Indonesian stockmarket FeedPetrol Prices for the first time to go up by almost 5 Rs , They had been holding this for some time from January 2011 or so , and after the results that have been announces for all the state election yesterday they have chosen to raise it today night ,They had been planning to [...]
Petrol Prices to go up by 5 Rs Per Litre is a post from: First Blog for Indian Financial Market
Filed under: Major Movement, International Markets, Middle East, Economic Data, Oil, Currency
The conflict in Libya continues to spark concerns over possible supply problems, sending oil prices soaring over the past couple weeks and settling at a two-and-a-half year high this afternoon.
In addition to Libya, oil also got a push today from a falling U.S. dollar. The greenback was down in reaction to speculation the European Central Bank would be raising interest rates, to fight possible inflation.
Continue reading Oil Closes at Two-and-a-Half Year High
Oil Closes at Two-and-a-Half Year High originally appeared on BloggingStocks on Thu, 31 Mar 2011 18:00:00 EST. Please see our terms for use of feeds.
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Filed under: Exxon Mobil (XOM), Russia, BP p.l.c. ADS (BP), Oil
BP’s (BP) headache continues over its planned share swap with Russian-owned Rosneft. According to a report from Sky News, the Association of British Insurers (ABI) announced its concerns over the impact of the swap. ABI reportedly controls 10% to 15% of the U.K. stock market.
ABI’s reservations also include a Swedish court’s decision to block BP’s planned venture with Rosneft in the Arctic. Perhaps most concerning of all — and not just to ABI — is Wednesday’s report announcing that U.S. prosecutors are considering manslaughter charges against BP for its Gulf of Mexico oil spill. Eleven oil workers were killed as a result of the spill.
Continue reading With BP’s Problems, Who Enters the Void?
With BP’s Problems, Who Enters the Void? originally appeared on BloggingStocks on Wed, 30 Mar 2011 17:30:00 EST. Please see our terms for use of feeds.
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Filed under: General Electric (GE), Middle East, Caterpillar (CAT), duPont(E.I.)deNemours (DD), Dow Chemical (DOW), Japan, Comfort Zone Investing
With several major developments occurring around the world, many investors may wonder how they could affect their portfolios or their lives. Here are two of the current, newsworthy events and how investors may interpret them.
Libya
The oil from Libya totaled about 2 million barrels a day before the revolution, half of which was exported. About 1 million barrels a day are no longer available to the world. That isn’t enough to really affect the price of oil for a long period of time. Plenty of other countries can supply that amount without straining their capacity. But they’re unlikely to step in to fill the gap when oil prices are above $100 a barrel. That price should recede once the conflict finishes and a more stable government is in place.
Continue reading Comfort Zone Investing: Libya and Japan — What They Mean for Investors
Comfort Zone Investing: Libya and Japan — What They Mean for Investors originally appeared on BloggingStocks on Sat, 26 Mar 2011 10:30:00 EST. Please see our terms for use of feeds.
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