Sat, Aug 30, 2014
A A A
Welcome kbr175@gmail.com
RSS

Commodities Briefing - Categorized | Oil, Trends more

Egypt Coup: What it means for crude oil?

Posted on 05 July 2013

The removal of Egyptian president Mohamed Mursi by the military has impact on several fronts. While the development has eased the tension along the Suez canal, the fuel supplies from Middle East has helped crude oil prices to cool off from its sharp gains in two days.
A prolonged political stand-off at Egypt had paralyzed the country and the businesses along the important trade route. But the Egyptian army’s intervention has softened the worries about blockage of movement of shipments from Middle Eastern region along the Suez canal or a crude oil pipeline that runs through the country. The Suez Canal carries over 2% of world’s total oil needs through it daily………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 36685 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

August 2014
S M T W T F S
« Jul    
 12
3456789
10111213141516
17181920212223
24252627282930
31