Ralph
12.10.2000, 18:51
Die wesentlichen Aussagen habe ich mal markiert ! http://www.abt-edv.com/s-channel/Board/frown.gif
**************************************
Oil up on Mideast unrest
Brent, light crude jumps after U.S. navy ship attack, killing of Israeli soldiers
October 12, 2000: 12:18 p.m. ET
NEW YORK (CNNfn) - Crude oil prices jumped Thursday following outbursts of violence in the Middle East that stoked fears that supplies of oil from the region could be disrupted.
An apparent terrorist attack on a U.S. navy ship in Yemen killed four U.S. sailors, while Israel launched air strikes into Ramallah and Gaza on Thursday in retaliation for the killings of two Israeli soldiers captured by Palestinian police and beaten to death by a mob.
Light crude for December delivery jumped $2.06 to $35.30 on the New York Mercantile Exchange. Brent crude for December delivery rose $1.93 to $34.10 a barrel on London's International Petroleum Exchange.
Traders said concern about developments in the Middle East was growing after a small boat, which U.S. defense officials said appeared to be carrying explosives, rammed into the destroyer USS Cole in the Yemeni port of Aden. As well as the four sailors who were killed, the blast injured about 20-to-30 others.
"Historically whenever there are political issues that might raise uncertainty in terms of supply interruption we see oil price spiking, said Irene Haas, an oil analyst with Sanders Morris Harris. "But it is only temporary," she added.
Haas said oil prices are very volatile, but the outlook for the end of the fourth quarter sees oil prices at around the $38 a barrel level http://www.abt-edv.com/s-channel/Board/eek.gif http://www.abt-edv.com/s-channel/Board/eek.gif http://www.abt-edv.com/s-channel/Board/eek.gif. And in 2001 she forecasts an average of $26 a barrel.
U.S. crude prices rallied to near three-week peaks on Wednesday after a weekly report from the American Petroleum Institute (API) showed U.S. oil stocks remained well below year-ago levels, renewing concerns of shortages in the winter.
Oil traders were awaiting weekly inventory data from the Department of Energy that could back up the API figures. The release of the DOE data, expected later Thursday, is a day later than usual because of Monday's Columbus Day holiday.
Saudi keeps full volumes for customers
The East Coast, particularly the Northeast, is highly dependent on the fuel to heat homes and offices.
Prices had steadied earlier on word that Saudi Arabia kept November crude export allocations at full volume, unchanged from last month under its pledge to boost supplies to cool prices.
Since Saudi Arabia has the vast majority of OPEC's spare production capacity, its output moves are closely watched by traders struggling to track the kingdom's exact supply levels.
The Organization of the Petroleum Exporting Countries has been removing supply curbs imposed in 1998 and 1999 to rescue prices from a slump under $10 a barrel. This year's rally to 10-year highs has forced OPEC to raise production three times since April.
Although it has not impacted on prices yet, the market is also keeping a close eye on a day-old indefinite strike by Venezuelan oil workers.
Anmerkung: Die USA sind hauptsächlich auf Öl angewiesen, das aus Südamerika kommt, da das arabische Öl zu schwefelhaltig ist, und ohne teure Nachbehandlung in den USA nicht eingesetzt werden kann http://www.abt-edv.com/s-channel/Board/frown.gif
**************************************
Der Preis für Öl und Gas wird uns bis nächstes Jahr noch dickste Kopfschmerzen bereiten .... das ist sicher.
Ralph
**************************************
Oil up on Mideast unrest
Brent, light crude jumps after U.S. navy ship attack, killing of Israeli soldiers
October 12, 2000: 12:18 p.m. ET
NEW YORK (CNNfn) - Crude oil prices jumped Thursday following outbursts of violence in the Middle East that stoked fears that supplies of oil from the region could be disrupted.
An apparent terrorist attack on a U.S. navy ship in Yemen killed four U.S. sailors, while Israel launched air strikes into Ramallah and Gaza on Thursday in retaliation for the killings of two Israeli soldiers captured by Palestinian police and beaten to death by a mob.
Light crude for December delivery jumped $2.06 to $35.30 on the New York Mercantile Exchange. Brent crude for December delivery rose $1.93 to $34.10 a barrel on London's International Petroleum Exchange.
Traders said concern about developments in the Middle East was growing after a small boat, which U.S. defense officials said appeared to be carrying explosives, rammed into the destroyer USS Cole in the Yemeni port of Aden. As well as the four sailors who were killed, the blast injured about 20-to-30 others.
"Historically whenever there are political issues that might raise uncertainty in terms of supply interruption we see oil price spiking, said Irene Haas, an oil analyst with Sanders Morris Harris. "But it is only temporary," she added.
Haas said oil prices are very volatile, but the outlook for the end of the fourth quarter sees oil prices at around the $38 a barrel level http://www.abt-edv.com/s-channel/Board/eek.gif http://www.abt-edv.com/s-channel/Board/eek.gif http://www.abt-edv.com/s-channel/Board/eek.gif. And in 2001 she forecasts an average of $26 a barrel.
U.S. crude prices rallied to near three-week peaks on Wednesday after a weekly report from the American Petroleum Institute (API) showed U.S. oil stocks remained well below year-ago levels, renewing concerns of shortages in the winter.
Oil traders were awaiting weekly inventory data from the Department of Energy that could back up the API figures. The release of the DOE data, expected later Thursday, is a day later than usual because of Monday's Columbus Day holiday.
Saudi keeps full volumes for customers
The East Coast, particularly the Northeast, is highly dependent on the fuel to heat homes and offices.
Prices had steadied earlier on word that Saudi Arabia kept November crude export allocations at full volume, unchanged from last month under its pledge to boost supplies to cool prices.
Since Saudi Arabia has the vast majority of OPEC's spare production capacity, its output moves are closely watched by traders struggling to track the kingdom's exact supply levels.
The Organization of the Petroleum Exporting Countries has been removing supply curbs imposed in 1998 and 1999 to rescue prices from a slump under $10 a barrel. This year's rally to 10-year highs has forced OPEC to raise production three times since April.
Although it has not impacted on prices yet, the market is also keeping a close eye on a day-old indefinite strike by Venezuelan oil workers.
Anmerkung: Die USA sind hauptsächlich auf Öl angewiesen, das aus Südamerika kommt, da das arabische Öl zu schwefelhaltig ist, und ohne teure Nachbehandlung in den USA nicht eingesetzt werden kann http://www.abt-edv.com/s-channel/Board/frown.gif
**************************************
Der Preis für Öl und Gas wird uns bis nächstes Jahr noch dickste Kopfschmerzen bereiten .... das ist sicher.
Ralph