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07 April 2020 The on-line newspaper devoted to the world of transports 18:38 GMT+2

February 7, 2011

In the Pipeline: Egypt uprising and the energy markets
The uprising in Egypt is not expected to have a volumetric impact on the oil market.

By Saadallah Al Fathi, Special to Gulf News

Until a couple of weeks ago, geopolitical impact on oil price movements have been surprisingly mute. However on January 25, when demonstrations in Cairo and other major cities of Egypt erupted, the oil market immediately realised the potential risk.
Brent crude oil rose from just below $96 a barrel to over $102 and settled on Friday at $99.99 for profit taking and because traders may have believed that Egypt's president Hosni Mubarak may step down ......
Read more on Gulf News

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