Especially in Libya (the largest oil reserves in Africa continent) almost stopped petroleum shipments.
In 22th March, Yemeni President Ali Abdullah Saleh said there could be a civil war in Yemen because of attempts to stage what he called a coup against his rule. (Yemen is an important transfer point for global oil supplies.)
"Those who want to climb up to power through coups should know that this is out of the question. The homeland will not be stable, there will be a civil war, a bloody war," he said.
In 22th March, the new oil minister of Iraq said he expected oil to reach $120 a barrel in this year. He said while announcing that the country would hold its fourth energy bidding round in November. In one day, Iraq country produces about 2.4 million barrels of oil.
Japan is gaining control of the crisis nuclear power plan at the Fukushima that was damaged and leaking radiation after earthquake and following tsunami in the last week. Schels thought Japan will increase imports liquefied natural gas by 706 million to 848 million cubic feet/day to replace the lost power from damaged nuclear reactors.
Next, continue to the situation about buying penny stocks.
Greenway Design Group, Inc. (PINK:GDGI) is up 36% with nearly 8 million shares traded. Currently trading at $1.72 with an intraday high of $1.80. On March 21, They announced first municipal installation.
Shares of Universal Detection Technology (OTCBB:UNDT) are up 43% trading at $0.0023 with an intraday of $0.0026. They signed an agreement for radiation detection distribution in Japan.
Motors Liquidation Company (PINK:MTLQQ) is up 20% at $0.0425 with an intraday high of $0.0430. MTLQQ is trading double its daily volume in 22th March with over 11 million shares traded.
Generex Biotech Corp. (OTCBB:GNBT) is up 24% after they announced a press conference and investor call for March 30. Currently trading at $0.25 with over 2 million shares traded.
Source: BBC News, oilweek, Penny Stock Classroom, Yahoo! Finance
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