Oil Industry Impact from Earthquake in Japan
Spot market oil prices fell to a two-week low in New York on speculation that the worst earthquake in Japan’s history will hurt growth and reduce fuel demand in the world’s third largest economy.
Articles Tagged "egypt"
Middle East and North African Tensions Push Oil Prices Higher, Posing Recession Threat
The political uprisings in the oil-rich region of the Middle East and North Africa are pushing oil prices to a dangerous level that threatens to force many still recovering economies into another recession. Wayne Atwell, Managing Director of Casimir Capital, spoke with Oil Investing News, a part of The Resource Investing News Network, about the possible implications for the resource markets.
Egypt’s EGPC has planned energy exploration tender in June
Egypt’s state-owned Egyptian General Petroleum Corporation announced plans to launch bid rounds for 15 to 20 oil and gas exploration blocks in the first week of June. Mostafa el-Bahr, vice executive chairman for agreements and exploration at EGPC, stated: We’ve been working hard to prepare everything for the licensing round. We are targeting to launch [...]
