World News Insights
1-3 Minute Gist

All Topics Article

Oil Traders See Lasting Mideast Instability

BusinessWeek Original article ›

Keywords:

LyrArc Article Gist
Oil traders are pricing in much higher oil prices- with $150 not being inconceivable- because of Mideast unrest. They see this unrest playing out over a long period of time, and do not see this changing even if the Libyan situation returns to normal tomorrow. Saudi Arabia will need to price oil at $85-90 a barrel just to meet the economic demands for a growing population, says Rachel Ziemba, analyst at Roubini Global Economics. Saudi King Abdullah recently promised $150 billion in new housing, higher wages and other benefits to prevent protests. The fiscal pressures are growing in these countries. A $15-$20 premium for unrest is assigned by Paramount Options, a trader at the New York Mercantile Exchange.

2011-2012 oil price increases and production increases by the Saudis, Iraq and Libya to increase the effectiveness of sanctions on Iranian oil

04/26/2006

Grouped Articles

Saudi, U.S., Iraq Step in to Plug Libya Oil Gap

Wall Street Journal 09/11/2013

In Libya, Unrest Brings Oil Industry to Standstill

New York Times 09/12/2013

Exxon Mobil Signs Iraq Deal With PetroChina, Pertamina

Wall Street Journal 11/28/2013

Host of Conflicting Forces Has Saudis on a Tightrope

Wall Street Journal 04/10/2007

Fall in Oil Prices Poses a Problem for Russia, Iraq and Others

New York Times 10/15/2014

As Oil Prices Plummet, Saudi Arabia Faces a Test of Strategy

New York Times 10/15/2014

OPEC policy and oil prices in 2010-2012

02/04/2006

Grouped Articles

OPEC Talks and Oil Prices Jump

Wall Street Journal 11/02/2010

China's Oil Demand Is Poised to Push Up Prices

Wall Street Journal 11/08/2010

For Oil's Future, Look Backwards

Wall Street Journal 11/10/2010

OPEC Raises 2011 Oil-Demand Forecast

Wall Street Journal 11/12/2010

Why Oil Could Top $100 a Barrel

BusinessWeek 11/11/2010

Oil Prices Seen as a Threat Again

Wall Street Journal 12/19/2010

Oil prices in 2011

02/04/2006

Grouped Articles

Pump Prices Likely to Stay Above $3

Wall Street Journal 01/06/2011

IEA: Oil Output Needs to Increase

Wall Street Journal 01/19/2011

Optimism Dents Oil Bulls' Hopes

Wall Street Journal 01/25/2011

Tom Keene's Econo Chat: A Sell-Off Ahead for Oil?

BusinessWeek 01/27/2011

Oil's Rise Threatens Economic Growth

Wall Street Journal 03/01/2011

OPEC Seeks a Supply Fix

Wall Street Journal 02/28/2011

The proposed U.S.-Canada partnership for the Keystone XL Pipeline project

01/07/2009

This would bring an additional 1.1 million barrels of Canadian oil to the U.S. from Alberta oil sands. The project is being held up by the Obama administration. The Energy Department gave its approval in February 2011, but it is being held up for further environmental studies. Advances in environmental protection for oil sands development have reduced the footprint of the processes used in production of oil. This would reduce imports from the Middle East and have a favorable impact on oil prices.

Grouped Articles

Trade and Oil on Agenda as Obama Visits Canada

New York Times 02/20/2009

Keystone Contradictions

Wall Street Journal 07/28/2013

Canada Looks to Sell Its Oil Beyond U.S.

Wall Street Journal 08/23/2013

Keystone XL Review Sees Little Impact on Climate

Wall Street Journal 02/02/2014

Even Without Keystone Pipeline, Oil Has Flowed

Wall Street Journal 02/02/2014

House Passes Bill to Approve Keystone XL Pipeline

Wall Street Journal 11/14/2014


Support LyrArc

We took a different way to help millions around the world build educated informed mindsets that affects and shapes their lives. For a future that is open, global and digital, with everyone having access to high quality information. We believe in the renewal of America, renewal of Europe, the renewal of India, the rest of Asia, Latin America and Africa. The renewal of our supply chains, health, education, infrastructure, as we rebuild our countries after the pandemic. Literacy and knowledge we believe cannot thrive and grow in a world of web bots, web crawlers, or AI. This requires human curiosity, human learning, and human imagination. We take as inspiration the saying- “One has to be free, and as broad as sky. One has to have a mind that is crystal clear, only then can truth shine in it.” Every contribution whether big or small is precious- in this crisis and ahead.

Support Lyrarc from as small as $1


Copyright © 2006 - 2026 Intelilinks LLC
Terms and Conditions | Copyright Policy | Privacy Policy | Contact Us