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The oil-futures market is tiny compared with the physical oil market: less than 3% of the world's oil consumption over the next year is accounted for in the open interest - the contracts currently being traded - at the New York Mercantile Exchange (NYMEX). To put it in perspective, Saudi...
It might be presumptuous of France to tell another country how to run its internal affairs, but the truth is that more world governments—i.e., the ones to whom Israel will actually listen—must join Sarkozy’s call, before the effects of one man...
Soldiers in riot gear shot tear gas at the demonstrators and attempted to quell the crowds by storming entire blocks with squads of 25 to 50 men each. But shopkeepers along the streets provided refuge for the protesters behind metal doors, allowing the demonstrators to reappear on the same streets...
When she first heard the news, "there was a sinking in the pit of my stomach - and tears," she says. "It was just devastating. It's completely outside your power, and now you're responsible for the entire family," says Janosek, who like many wives who work, brought in roughly...
And it's that possibility that's causing anxiety among oil analysts who believe that the quickest asymmetrical means for Iran to react to a military threat would be to disrupt oil delivery. At least 20% of the world's entire oil supply passes through the narrow Strait of Hormuz...