FUEL SPIEGEL: The world upside down with crude oil prices
Trade, Economy, Finances, Banking & Insurance
Press release from: Ceto-Verlag GmbH
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LEIPZIG. (Ceto) paradox: Hurricane Irene largely spares refineries and oil ports on the U.S. East Coast. A shortage, at least in North America is averted. But instead of decreasing it hails rising oil prices. Both North Sea oil (Brent) and U.S. light crude (WTI) won yesterday around 1.50 U.S. dollars. Both defended the plus reference varieties in morning trade, and thus keep the level of mid-August, when they rallied again after the first crash.
At this recent period of high prices Irene has also "guilty". For the quotations not followed once more the fundamental situation - say, the oil world as it is, but the stock markets, ie the world as Will and Idea. And precisely because of those who went to Irene, in particular the insurance stocks that had fallen before the whirlwind.
The downward trend, estimated by some analysts as essential, is, at least for the time being, been averted. Heating oil buyers in Germany have to reckon with because of surcharges. Thanks to a stronger euro, however, these should be mild.
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This press release was published on openPR.
Frank Urbansky
Editor-in fuel level
Tel: 03 41-25 34 738
Fax:. 03 41-49 24 012
Urbansky (at) brennstoffspiegel de
CETO-Verlag GmbH
Industriestr. 85-95
04229 Leipzig
Always up to date - on the pulse of the market
The Ceto-publishing is the publishing industry for the fuel and oil trading in Germany.
Our publishing work reflects the core businesses of the companies in this economic environment. This is one of the heating market, as well as the fuel and lubricant business.
Topics:
From the variety of topics of Ceto-Verlag, only a few are mentioned here:
* News and background information on trade in fossil and renewable energy sources, from Braunkohlenbrikett, on heating oil, liquefied gas and wooden pellets to lubricants and fuels, fossil and active native basis.
* Comparisons of different systems to produce heat and energy
* Technology for logistics and business
* Legal issues surrounding the heating market
* Energy Policy burning points of extensive collection and provision of market data (prices for heating oil, natural gas, LPG, wood pellets, lignite and coal products, district heating, sales data for fuel oil, coal, etc.)
