Midweek News 24Oct

Source: EIA (October 2012)

Graphics

Central Banks

  • Bernanke Wants To Resign? (RT)
  • China Grasps Value Of Gold, Even If US Doesn’t. (RollCall)
  • German Suspicions About Foreign Stored Gold. (FT Alpha)

Geo-Politics

  • Iran Will Stop Oil Exports If US Imposes More Sanctions. (Platts)
  • Labeling China A Currency Manipulator Poses Risk. (NYT)
  • Rewrite Basel III Capital Rules, Sayeth US Banks. (Businessweek)

Supply/Demand & Markets

Weekend News 22Oct


The Brent-WTI Spread closed the week at/near $20.18
after printing as high as $25.93 early in the week.
This was likely more a function of the Brent contract roll
than demand. As result, we saw a $5 decline in the spread
by Friday. This can be considered a selling tail and foreboded
downside potential into next week.

Graphics

Central Banks

Geo-Politics

  • Banking Security, Zeus, And Targeted Attacks. (PC Magazine)
  • Exxon Seeks To Quit Flagship Iraq Oil Project. (Reuters)

Supply/Demand & Markets

  • Iraq Energy Outlook. (IEA)
  • HFT Effect On Natural Gas Market. (WSJ)
  • Dodd-Frank Poses Unique Challenges For Energy Firms. (MRV Associates/CME)