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Carl Larry

Carl Larry latest

Egyptian soldiers stand guard at the Suez Canal (Getty images).
August 15th, 2013 - 10:36 GMT

How the situation in Egypt can severely affect the oil market

For the time being, the Suez Canal and Egypt’s ports are operating normally, however if the canal will be closed due to rising violence, the impact will be quite severe.
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Brent crude oil rose toward $110 per barrel Tuesday after oil exports from Libya fell to their lowest for two years, heightening supply worries ahead of scheduled cuts in output from fellow OPEC member Iraq.
August 14th, 2013 - 08:23 GMT

Shortages in Libyan and Iraqi oil production raise world prices

OIL
August 7th, 2012 - 10:21 GMT

Oil floats at $92 as US supplies fall off

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