Oil Prices Inch Higher As Libya Closes Crude Export Terminal

The Zueitina oil terminal in Libya has ceased loading cargos as port workers protest, demanding better working conditions, Bloomberg quoted the head of the workers’ union Merhi Abridan as saying. This means that oil coming from the fields around Zueitina will be stored at the port for the duration of the protest, and a spike in exports …

Oil trading ‘god’ Andy Hall says he’s met his match in robots

Astenbeck Capital Management founder Andy Hall is so highly regarded in the oil trading business that he earned the nickname “god.” But Hall has admitted that the value of his analysis has diminished in an age of automated trading. The rise of machine-based algorithmic trading is injecting so much volatility into oil markets, it’s now difficult …

“California Dreamin”… Sun, Fun, and Oil

California Dreamin a 1960’s anthem by The Mamas & The Papas depicted the longing of a generation for the climate and culture of California living.   Wikipedia defines the California Dream “as the psychological motivation to gain fast wealth or fame in a new land”.  Whichever definition you aspire to the truth remains the same, California …