Tags: suez canal

What the Expansion of the Suez Canal Shows About Shifts in Global Shipping

August 17th, 2015
in econ_news

Egypt has opened a second lane to the Suez Canal amid much fanfare. The US$8 billion dollar expansion adds 35km of new channels to the existing canal and another 35km where existing bodies of water were dredged to make way for larger ships. more »

Oil Declines Tuesday

March 8th, 2011
in econ_news

Oil declined moderately on Tuesday March 8, 2011. more »

Oil Surges and then Backs Off Monday

March 7th, 2011
in econ_news

WRI crude soared over 2% early Monday before backing off the close up 1% at $105.44. Brent crude in London closed more than 1% lower. WTI Cushing Spot           $105.44   +1%%Dated Brent Crude          $114.49    -1.1%NYMEX Crude Futures $104.87   +0.4% The spread between Brent crude and WTI to $9.05.  This has come down more than 45% from $16.60 in… more »

Global Markets Ignore Egyptian Crisis

February 4th, 2011
in econ_news

In apparent growing indifference to the unrest in Egypt, major global markets generally advanced on Friday.   This despite the rise of benchmark Brent crude to over $100 a barrel. more »

Egypt is a Major Force Supporting Higher Oil Prices

February 3rd, 2011
in econ_news

The Suez canal transports 5% of the world's oil every day and unrest in Egypt is a risk to the operation of the canal. This is an uncertainty that adds a risk premium to the price of oil. more »

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