GO
Loading...

Middle East

More

  • Green Technology Revs Up Venture Capitalists Friday, 20 Apr 2007 | 4:18 PM ET

    Investment in alternative energy is surging and it’s not simply the result of the politically correct investing crowd. Venture capitalists are taking an active interest in the sector.

  • Angel Mata, managing director of equity trading at Stifel, Nicolaus Capital Markets, told CNBC’s “Power Lunch” that investors should keep an eye on bank earnings next week.“On Monday and Tuesday, a lot of the banks reporting,” Mata said Friday. “The banks have clearly been one of the most underperforming groups since the beginning of the year. I have a hard time believing that the market can sustain any kind of upward momentum without the banks turning around.”

  • Tight Gasoline Supplies Expected This Summer Friday, 13 Apr 2007 | 10:39 AM ET

    Phil Flynn, a representative of Alaron Trading, told CNBC’s “Squawk Box” that refinery outages and strong demand will create tight gasoline supplies this summer.“This is the worst I have ever seen it at this time of year,” Flynn said Friday. “Our supply vs. demand has never been this tight before. It’s going to be a very dangerous summer and real bad luck for the consumers.”

  • $3 Gallon of Gas a Sure Thing This Summer, Trader Says Tuesday, 10 Apr 2007 | 1:30 PM ET

    Anthony Grisanti, an oil trader at GRZ Energy, told CNBC’s “Power Lunch” that $3-a-gallon gasoline this summer is a foregone conclusion. “Throw in a hurricane, and you could have $4 (a gallon) no problem at all," he added.

  • Lehman Enters Qatar to Expand Middle East Push Thursday, 5 Apr 2007 | 4:43 AM ET

    U.S. bank Lehman Brothers Holdings has been granted a license to operate in Qatar, where it plans to expand its Middle East business after it moved into Dubai last year.

  • Strategist Sees Stocks Peaking in 12 to 18 Months Wednesday, 4 Apr 2007 | 2:43 PM ET

    Don Hays, president and chief investment strategist at Hays Advisory, told CNBC’s “Street Signs” that he expects the market to peak in the next 12 to 18 months with a 20% gain in the S&P 500.He said growth stocks will do even better. “What we wanted to do was buy when the market was panicked three to five weeks ago,” Hays said Wednesday. “That’s exactly what we did. We’re feeling very good today.”

  • Peter Beutel, president of Cameron Hanover, told CNBC’s “Power Lunch” that an agreement to release captured British sailors doesn’t yet remove the “Iranian premium” on the price of crude oil. “I’d say that we added about $6 during the run-up,” Beutel said Wednesday. “So, (the premium) is not out yet. Even though we’ve solved this problem, the larger problem remains-- (Iran’s) nuclear issue. Iran and the West seem to be on a collision course long-term.”

  • Amanda Kurzendoerfer, commodity analyst at Summit Energy, told CNBC’s “Squawk on the Street” that the surprisingly large drop in gasoline supplies and low refinery capacity could send prices at the pump over $3 a gallon by mid-July.“We could see a three handle,” Kurzendoerfer said Wednesday. “I don’t think it will last long, but it definitely a possibility.”

  • Senator Sees Major Growth in Cellulosic Ethanol Wednesday, 4 Apr 2007 | 10:19 AM ET

    Sen. John Thune told CNBC’s “Squawk Box” that expansion of cellulosic ethanol will ease dependence on corn-based ethanol and help lessen the nation’s dependence on foreign oil, especially from the Middle East.“We’ve gotten very good at corn-based ethanol and it’s been a very successful story here in South Dakota and across the Midwest,” Thune, a South Dakota Republican, said Wednesday. “Cellulosic ethanol should expand dramatically the number of states that can participate in producing renewable energy.”

  • Traders and Specialists work the trading floor at the New York Stock Exchange on the first trading day in October Monday, Oct.  2,  2006. Stocks closed lower for the second straight session after the Dow Jones industrial average flirted briefly early in the day with its all-time high close. (AP Photo/David Karp)

    Frederic Dickson, chief market strategist for D.A. Davison, told CNBC’s “Closing Bell” that he expects stocks to move higher in the next few weeks.“Nobody is prepared for a break on the upside,” Dickson said Monday. “We’re not looking for a big one, but I think we’ll see prices drift higher.”

  • For a little while this afternoon, the oil pits at the Nymex were in a frenzy. The rumors of Iran firing on a U.S. naval ship were spreading yet no one seemed to be able to verify them. How do the traders get their information - and when they do, how do they separate rumors from fact and trade appropriately?

  • If Eric Bolling is right, and speculation about tensions with Iran could metastasize and affect all corners of the market, how can investors manage risk and create opportunity?

  • No.1 - IRAN RUMOR FUELS OIL SPIKE: The Conflict Trade Tuesday, 27 Mar 2007 | 8:09 PM ET

    Late this afternoon, Nymex crude oil futures spiked over $5 to $68 on rumors that Iran had fired on a U.S. naval ship in the Persian Gulf. The U.S. government quickly and flatly denied the rumor, but the mere speculation sent crude prices to their highest level in over six months (prices since came down $4 to settle just above $64.)

  • Rod Smyth, chief investment strategist for Wachovia Securities, told CNBC’s “Closing Bell” that the stock market can live with the current price of oil, and a return to previous highs is unlikely.

  • Showdown With Iran Could Send Gas to $4-to-$5 a Gallon Monday, 26 Mar 2007 | 12:21 PM ET
    Workers stand in a part of the Bandar Imam Petrochemical Company (BIPC) facility during an official opening ceremony by President Mohammad Khatami, in Mahshahr, Iran, Saturday, June 11, 2005. BIPC is one of the largest industrial establishments in the Islamic Republic of Iran and located on the northwestern coast of the Persian Gulf.(AP Photo/Hasan Sarbakhshian)

    Brian Hicks, president of Wealth Daily, told CNBC’s “Morning Call” that a confrontation with Iran would boost the price of gasoline to $4-to-$5 a gallon at the pump “in a heartbeat.”

  • Stephen Schork, editor of The Schork Report, told CNBC’s “Morning Call” that he expects gasoline prices to decline by summer to a nationwide average of about $2.70 a gallon. He said gasoline supplies always decline at this time of year as refiners build their supply of crude oil to prepare for the summer driving season. The drop in gasoline supplies creates a temporary spike in prices.

  • Dubai Group Near Deal to Buy U.S. Aviation Assets Tuesday, 20 Mar 2007 | 10:47 AM ET

    Dubai Aerospace Enterprise is nearing a deal to buy a series of aviation businesses from U.S. private equity firm Carlyle Group for more than $1.5 billion, a source familiar with the matter said on Monday.

  • OPEC Agrees to Keep Oil Output Steady Thursday, 15 Mar 2007 | 5:49 PM ET

    OPEC members have generally expressed satisfaction with their oil fetching around $60 a barrel in recent weeks and their decision to stick with the status quo reflected their desire to keep prices around that level.

  • A Halliburton complex in far Southwest Houston occupies several acres of land Monday, July 17, 2006 in Houston. The oil services conglomerate posted second-quarter net income nearly double that of a year ago. (AP Photo/Pat Sullivan)

    Mark Urness, head of Energy Research at Calyon Securities, told “Street Signs” that people are overlooking a basic point about Halliburton and its much-debated Dubai strategy: The company will maintain its Houston headquarters and is opening an office in Dubai to better serve the Middle East.

  • This one is a sign of the times: As Internet-connected TVs proliferate, and cable companies increasingly tighten the screws on customers to squeeze more money out of them, an increasing number of customers are cutting ties with their old cable companies and keeping the set-top boxes. These are pretty pricey little items, so Redleaf reports that companies will pay you $500 to $1,000 per week to recover those boxes. A on Craigslistfor one of these jobs called the technicians “road warriors” and counted "street smarts" among the skills required.Road warriors? Paying handsomely to recover a precious box? Sounds like the plot to the next movie!

    Cash-strapped Ford Motor  has sold a controlling stake in the Aston Martin brand, made famous by its exotic sports cars in James Bond movies, raising $848 million to help fund its turnaround plan.