OG Newsletter

Market MovementCold weather, terrorism spike pricesColder weather that increased energy demand in the northeastern US and terrorist attacks that threatened oil supplies from the Middle East combined to push up prices for crude and petroleum products Nov. 10-12.The threat of more terrorist attacks apparently has become a major concern among traders. At a maritime defense convention in Singapore last week, Singapore Defense Minister Teo Chee Hean warned of the possible threat of maritime terrorism, particularly for vessels moving energy products. His warning came just days after an oil tanker and an LPG carrier were boarded by armed pirates in nearby Indonesian waters."For terrorists, the p...

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