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CNBC's Bertha Coombs discusses the day's activity in the commodities markets. Moves by the Bank of Japan sent the dollar higher and oil lower, but nat gas inventory draw downs pushed natural gas higher.
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MILWAUKEE-- The parents of an American journalist kidnapped in Syria more than four months ago said Thursday that his latest disappearance is more upsetting than an earlier one in Libya because they don't know who is holding him.
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CNBC's Bertha Coombs discusses the day's activity in the commodities markets. Moves by the Bank of Japan sent the dollar higher and oil lower, but nat gas inventory draw downs pushed natural gas higher.
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U.S. oil prices posted the biggest one-day slide of the year in the midst of a broad commodities sell off. Natural gas prices also declined ahead of data on U.S. storage levels, due out tomorrow. CNBC's Sharon Epperson on what traders will be watching in the coming session.
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CAIRO, April 3- After buying gold plates for 100,000 Egyptian pounds, Naer Wahid is considering whether to use the rest of his savings to acquire, with his sisters, an apartment or plot of land outside Cairo.
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CNBC's Sharon Epperson discusses the day's activity in the commodities markets and looks at where oil and precious metals are likely headed tomorrow.
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*Moussa, Abolghar both say Egypt needs the loan. CAIRO, April 2- Egypt predicts a speedy conclusion to talks with the International Monetary Fund on a $4.8 billion loan that will help save its economy from crisis.
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CNBC's Sharon Epperson discusses the day's activity in the commodities markets. The national average price of regular gasoline was $3.63/gallon Monday, according to AAA. That's 13 cents lower than the average price on March 1 and 30 cents cheaper than April 1, 2012.
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A dramatic shift in how energy is being produced and consumed around the world could lead to far-reaching changes in the geopolitical order.
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LONDON, March 28- OPEC crude oil output is on course to reach its lowest since October 2011 this month as unrest in Libya, pipeline leaks in Nigeria and Iraqi export disruptions weigh on supplies, a Reuters survey found on Thursday.
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*Wheat stocks down to 85 days, bread riots a key worry. LONDON/ CAIRO, March 28- Egypt has hit breaking point in its ability to pay for imports of oil, wheat and other basic commodities, forcing it to call in diplomatic favours or seek easy payment terms from suppliers who hope for future advantage in return.
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CNBC's Sharon Epperson discusses the day's activity in the commodities markets. Natural gas has more than doubled since April of last year and is at a 19-month high, she reports. Tomorrow's report could show a draw down of 83-87bcf, which would likely drive prices higher.
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*Libya denies reports Tripoli will deposit $2 bln in Egypt c.bank. CAIRO/ DOHA, March 27- Egypt will import 900,000 barrels of oil a month from Libya starting in April and is paying off some of the money it owes to foreign energy firms, its oil minister said, in steps aimed at easing energy shortages that are hitting the economy.
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LONDON, March 27- Spot differentials on Russia's medium sour Urals held steady on Wednesday but no arbitrage movements were seen despite a persistent over $1 a barrel gap between prices in the North and South. BP surfaced briefly with a bid for an 85,000 tonne cargo of Kazakh CPC Blend before withdrawing at dated Brent minus 90 cents.
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DOHA, March 27- Libya is considering extending financial aid to Egypt to help its North African neighbour overcome a severe economic crisis, Libyan Prime Minister Ali Zaidan said on Wednesday. Several newspapers had reported this week that Libya will deposit $2 billion at Egypt's central bank to support the economy but Zaidan said nothing had been decided yet.
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*Libya denies reports Tripoli will deposit $2 bln in Egypt c.bank. CAIRO, March 27- Egypt will import 900,000 barrels of oil a month from Libya starting in April and is paying off some of the money it owes to foreign energy firms, its oil minister said, in steps aimed at easing energy shortages that are hitting the economy.
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CAIRO, March 27- Egypt will import 900,000 barrels of oil a month from Libya starting in April and is paying off some of the money it owes to foreign energy firms, its oil minister was quoted as saying on Wednesday.
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CAIRO, March 27- Egypt has agreed to import 900,000 barrels of petrol monthly from Libya from April, easing its shortage of fuel supplies, Oil Minister Osama Kamal was reported on Wednesday as saying.
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CNBC's Sharon Epperson discusses the day's activity in the commodities markets and looks at where oil and precious metals are likely headed tomorrow.
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In the Platts window, BP offered a 100,000 tonne Urals cargo at dated Brent minus $2.15 cif Rotterdam, loading April 16-20. Lukoil offered another cargo at dated Brent minus $2.10 cif Rotterdam, loading April 16-20, but no buying interest surfaced.
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LONDON, March 26- Gasoline prices in northwest Europe rose more swiftly than crude on Tuesday while naphtha prices instead dipped, with sentiment in both markets weak ahead of the Easter break. "Everything is more expectation than reality," he added, referring to the way gasoline in the region responded to the outlook in the United States.