As Syria’s civil war escalates, we see the situation get closer and closer to a larger military campaign with foreign intervention. So aside from the civilian catastrophe, how will this affect world crude oil prices? In recent days, a Syrian fighter pilot defected to Jordan along with his MiG-21 fighter jet, even more atrocities committed […]

Angola is planning to open their first liquified natural gas (LNG) terminal in June 2012. Operated by Chevron, the facility will country’s natural gas, mostly from Angola’s offshore gas and oil fields. The LNG facility is located near Soyo, and has been under development since 2008 by Chevron with a cost of $10 billion with […]

Crude oil prices fell to an 8-month low after crude oil inventory figures were released by the US Energy Department. Inventory levels in the US are now the highest since 1990. Oil future dropped 2.7% and briefly reaching below $81 per barrel. US inventory levels rose 2.86 million barrels to 387.3 million barrels — levels unseen […]

Gold prices have been rising for 4 straight weeks now, as hedge funds start buying more gold products, especially ETFs. Investors are also anticipating another round of US Quantitative Easing (QE) and a bailout plan for Greece, which will spur economic growth and inflationary fears. Gold is still the best hedge against inflation. Gold has risen about 70% […]