Posts Tagged ‘Gaza Strip’

Oil edges down towards $36 in thin trading

January 19th, 2009

By Maryelle Demongeot
SINGAPORE, Jan 19 (Reuters) - Oil fell almost 1 percent towards $36 a barrel on Monday in holiday-thinned trading, erasing some of the late gains made last week on short covering, with worries about weakening oil demand again at the forefront.
A ceasefire between Israeli forces and Hamas fighting in Gaza, together with [...]

Oil prices shed $2 on economic downturn fears

January 12th, 2009

LONDON (AFP) — Oil prices dropped some two dollars on Monday on concerns that a deepening global economic downturn could spark a slump in demand for energy, analysts said.
The market was also weighed down by news of a possible resolution to the ongoing Russia-Ukraine gas supply crisis, they added.
Traders also tracked developments in the Middle [...]

Oil slips on weak global demand

January 9th, 2009

By GEORGE JAHN, Associated Press Writer
VIENNA, Austria – Worries about global economic growth and expectations of a weak U.S. jobs report pushed oil prices lower Friday, despite concern about fighting in Gaza and evidence that OPEC production cutbacks were taking hold.
Oil prices had risen earlier this week to above $48 from a five-year low [...]

Natural Gas Futures in New York Gain as Crude Oil Increases

December 29th, 2008

By Reg Curren
Dec. 29 (Bloomberg) — Natural gas futures gained, following crude higher after oil surged as much as 12 percent on concern that supplies may be disrupted from the Middle East.
Oil for February delivery rose above $42 a barrel on the New York Mercantile Exchange after Israeli air attacks in the Gaza strip. Higher [...]

Egypt court orders freeze on gas exports to Israel

November 19th, 2008

CAIRO (AFP) – An Egyptian court on Tuesday ordered a freeze on controversial gas exports to Israel, saying parliament must first be consulted on the 15-year deal with Egypt’s former foe, a judicial source told AFP.
But Israel expressed confidence that the Egyptian government would not allow any interruption to gas deliveries under the deal despite [...]