m i market commodities crude oil News

m i market commodities crude oil News From AOL News

Opinion: There's No Silver Bullet for High Gas Prices

American motorists can't be blamed for viewing the current jump in gasoline prices as a potential precursor to even bigger problems down the road. Major oil disruptions in the Middle East have historically led to higher inflation, unsustainable negative balances of trade and recessions -- all in addition to the aggravation...

Force Majeure: Libya Oil Exports Move Explained

It's in the contract. Global commodities traders are reporting disruptions of crude oil import and export activity in Libya, Reuters reports. According to the traders, Libya has declared force majeure on shipments in some ports, effectively halting some normal market activity. Force majeure (literally, superior force) is...

Thieves Set Off Mexico Pipeline Blast: Could It Happen in US?

In the wake of an oil pipeline explosion in Mexico that killed 28 people and sent hundreds fleeing their homes after thieves tried to siphon crude oil, oil safety experts said a similar disaster is unlikely but could nevertheless happen in the United States. They said that if thieves were determined to steal oil from a...