Archive for February, 2011|Monthly archive page

Benghazi contingency plan, Nymex Crude Oil Futures Up 9% On Libya`s Unrest.

In Economic Institutions on February 22, 2011 at 3:36 pm

Nymex Crude Oil Futures are already up 9% on Globex trading. The Libya
situation is being watched carefully. Multinational oil companies
have already begun evacuating their staff. Italy has sent military
jets to Benghazi, in an effort to secure her interests (eni) and
build peace.

Greek ship carrying Kuwaiti oil to the United States

In Economic Institutions, European Union on February 10, 2011 at 3:53 am

The Greek supertanker was headed to the U.S. Gulf Coast from Mina Al Ahmadi, Kuwait, loaded with 270-thousand metric tons of crude oil. It was attacked and hijacked early Wednesday morning off the coast of Oman the second incident of its kind in the region in less than 24 hours. The incident, the second against a tanker in the region in 24 hours, comes after unrest in Egypt rekindled concerns over the reliability of oil transit in the Middle East and East Africa.

The owners of the vessel are Greece-based N.S. Lemos & Co.

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