CL Redux
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<< does not mean any thing, posting anyway >>
UPDATE 1-Iraq: OPEC sees "acceptable" oil peak at $120
http://af.reuters.com/article/energyOilNews/idAFLDE72L1IF20110322
BAGHDAD, March 22 (Reuters) - OPEC believes the oil price is approaching $120 per barrel but unlikely to go higher, a level that is "acceptable" and will not hinder global growth, Iraqi oil minister Abdul-Kareem Luaibi said on Tuesday.
"Global oil prices are moving towards $120 a barrel. We consider this an acceptable price that will not harm global growth," Luaibi told a news conference in Baghdad.
"We think the price will not exceed $120 per barrel."
Oil prices slipped on Tuesday, with Brent crude falling below $115 a barrel as investors betting prices would rise with Western involvement in Libya took profits in anticipation of a slowdown in air strikes.
Brent crude for May 1 delivery LCOc1 was down 59 cents at $114.37 at 1320 GMT.
Iraq is a member of the Organisation of the Petroleum Exporting Countries.
UPDATE 1-Iraq: OPEC sees "acceptable" oil peak at $120
http://af.reuters.com/article/energyOilNews/idAFLDE72L1IF20110322
BAGHDAD, March 22 (Reuters) - OPEC believes the oil price is approaching $120 per barrel but unlikely to go higher, a level that is "acceptable" and will not hinder global growth, Iraqi oil minister Abdul-Kareem Luaibi said on Tuesday.
"Global oil prices are moving towards $120 a barrel. We consider this an acceptable price that will not harm global growth," Luaibi told a news conference in Baghdad.
"We think the price will not exceed $120 per barrel."
Oil prices slipped on Tuesday, with Brent crude falling below $115 a barrel as investors betting prices would rise with Western involvement in Libya took profits in anticipation of a slowdown in air strikes.
Brent crude for May 1 delivery LCOc1 was down 59 cents at $114.37 at 1320 GMT.
Iraq is a member of the Organisation of the Petroleum Exporting Countries.
Referring Brent and other grades which are close to real pump prices
Price they do not bother about day to day price , they talk about general trend for next few months ( not considering few days extreme high/low here and there )
Price they do not bother about day to day price , they talk about general trend for next few months ( not considering few days extreme high/low here and there )
There are several benchmarks and grades that are priced differently at a premium or discount to the benchmark factoring in settlement terms. So they are really talking like a 3rd grade teacher when they talk about the price of oil.
Sim Acct
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Adding stop 105.11
Will consolidate all trades in one page soon , adding mandatory stops now on to make it more practical
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Adding stop 105.11
Will consolidate all trades in one page soon , adding mandatory stops now on to make it more practical
Libya live blog: Gadhafi still striking against civilians, admiral says
http://news.blogs.cnn.com/2011/03/2...-images-appear-to-show-destruction-of-mosque/
1/ 12:31 p.m. Tuesday ET, 6:31 p.m. Tuesday in Libya] The power of Libyan leader Moammar Gadhafi's air force has been diminished to the point where it will "not have any negative impact" on coalition members conducting airstrikes, Adm. Samuel Locklear III, commander of U.S. Naval Forces Europe and Africa, said Tuesday
2/ [12:24 p.m. Tuesday ET, 6:24 p.m. Tuesday in Libya] Libyan leader Moammar Gadhafi's forces are attacking civilians in the city of Misrata, Adm. Samuel Locklear III, commander of U.S. Naval Forces Europe and Africa, told reporters Tuesday. "We will continue to make him comply" with the United Nations Security Council resolution, Locklear said..
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3/ [10:44 a.m. Tuesday ET, 4:44 p.m. Tuesday in Libya] The port in the Libyan capital of Tripoli appears to have been hit by a missile strike overnight, CNN's Nic Robertson reports. He says he can see the smoldering remains of several large military rocket launcher systems. Witnesses told CNN they saw missiles strike in the port area overnight.
4/ [10:30 a.m. Tuesday ET, 4:30 p.m. Tuesday in Libya] NATO on Tuesday said it will begin to enforce an arms embargo against Libya.
NATO ships and aircraft "will conduct operations to monitor, report and, if needed,_interdict vessels suspected of carrying illegal arms or mercenaries," according to a NATO statement.
5/ 12:01 p.m. Tuesday ET, 6:01 p.m. Tuesday in Libya] A senior defense official says both the pilot and weapons officer from an Air Force F1-5 that crashed in Libya are now safely out of the country
http://news.blogs.cnn.com/2011/03/2...-images-appear-to-show-destruction-of-mosque/
1/ 12:31 p.m. Tuesday ET, 6:31 p.m. Tuesday in Libya] The power of Libyan leader Moammar Gadhafi's air force has been diminished to the point where it will "not have any negative impact" on coalition members conducting airstrikes, Adm. Samuel Locklear III, commander of U.S. Naval Forces Europe and Africa, said Tuesday
2/ [12:24 p.m. Tuesday ET, 6:24 p.m. Tuesday in Libya] Libyan leader Moammar Gadhafi's forces are attacking civilians in the city of Misrata, Adm. Samuel Locklear III, commander of U.S. Naval Forces Europe and Africa, told reporters Tuesday. "We will continue to make him comply" with the United Nations Security Council resolution, Locklear said..
.
3/ [10:44 a.m. Tuesday ET, 4:44 p.m. Tuesday in Libya] The port in the Libyan capital of Tripoli appears to have been hit by a missile strike overnight, CNN's Nic Robertson reports. He says he can see the smoldering remains of several large military rocket launcher systems. Witnesses told CNN they saw missiles strike in the port area overnight.
4/ [10:30 a.m. Tuesday ET, 4:30 p.m. Tuesday in Libya] NATO on Tuesday said it will begin to enforce an arms embargo against Libya.
NATO ships and aircraft "will conduct operations to monitor, report and, if needed,_interdict vessels suspected of carrying illegal arms or mercenaries," according to a NATO statement.
5/ 12:01 p.m. Tuesday ET, 6:01 p.m. Tuesday in Libya] A senior defense official says both the pilot and weapons officer from an Air Force F1-5 that crashed in Libya are now safely out of the country
