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Alpari Eurasia Joins Belarus Association of Financial Market Development
NordFX Shares Forex and Cryptocurrency Forecasts for Mid-March 2019
FxPro Conducts Professional Training for Forex Traders
NordFX Shares Forex and Cryptocurrency Forecasts for Early March 2019
How Scams Exploit FxPro Reputation
Brexit Won't Affect British Pound Just Yet, NordFX Experts Say
Will U.S. Stock Market Grow This Year?
Experts Anticipate U.S. Stock Market Crash This Winter
Why did crude oil crash by almost 11% last week?
Russia and OPEC agreed to cut down on their oil production in 2019
OPEC and Saudis Are Planning To Back Oil Prices
Investing in World's Most Secure and Profitable Stocks in NordFX
Beijing and Washington are getting ready for the final talks
US-China Trade War Reaches Next Level
Roma May Drag Moscow and Brussels Into Major Financial Crisis
USA Strikes Iran Again
Trump Offers Putin to Compete for Multi-Polar World, Eggert Says
The world is on the verge of another global race
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Stock and commodities markets
Will U.S. Stock Market Grow This Year?
OPEC+ Participants Want to Make the Deal Indefinite but Without Quotes
According to Russian Minister of Energy Alexander Novak, the leaders of Russia and Saudi Arabia decided to extend the OPEC+ deal. The minister said that this decision to make the deal indefinite in time took place not so long ago in Moscow.
Saudi Arabia Raises Oil Prices for Asian and European Buyers
Saudi Arabia is reported to have raised oil prices for Asian and European importers. This is confirmed by Bloomberg.
Market Players Play Oil Price Guessing Games
The international market of crude oil seems to be in panic. Yet, the panic is snowballing. The reason for that is said to be the statement made by Russian Energy Minister Alexander Novak about the possibility of easing the OPEC+ deal in June 2018, which came as a surprise to the international trading community.
USA Outpaces Russia to Become World’s Biggest Oil Producer
In March 2018, the United States outpaced Russia in terms of oil production. This means that the USA is now the biggest producer of crude oil in the world.
Crude Oil Goes Above $80/b, Morgan Stanley Improves Oil Forecast
On Thursday, May 17th, Brent oil exceeded $80/b for the first time in 3,5 years. The last time the price reached this level was on November 25th, 2014.
Oil Prices At $79/b, Russian Ruble Still Weak. Why?
On Tuesday, May 15th, Brent oil reached $79/b. Strange as it may seem, the Russian Ruble hasn’t reacted to this so far, even though this always has been a positive sign for Russia’s national economy and currency heavily reliant on crude oil prices. Moreover, the currency has been going slightly down for a while despite being backed by higher oil prices.
Russia Isn’t Interested In OPEC+ Anymore
Right in advanced of the forthcoming OPEC+ summit some experts doubt that Russia is still interested in the agreement. The strategic objectives of the OPEC+ deal are almost reached. The imbalance in the global oil market has almost been eliminated. The cost of a barrel of Brent oil has increased by more than 100% since late 2016. At this point Brent oil is trading above 70 dollars per barrel. On Q1 2018, the OPEC made 400 million dollars a day more than 12 months before.
Who Loses and Wins from Oil Prices At $70/b?
High oil prices have two sides of one coin. On the one hand, while oil producers are benefiting from today’s oil prices over $70/b, this seems to be creating an extra pain for oil consumers worldwide. What exactly has been happening to oil-producing economies?
American Oil Export to Europe Quadruples Thanks to OPEC+
As predicted by many experts, the OPEC+ agreement has been favoring American shale oil producers. The export of American oil to Europe has quadrupled. The thing is that the agreement between the OPEC and Russia-led non-OPEC oil producers pushed oil prices high enough to make American shale oil production profitable again.
Russian Oil Production Is About To Peak and Start Declining in the Near Future
According to Finanz, with reference to the International Energy Agency, Russia has been benefitting from its oil production and export for decades. However, this is about to change in the future since the Russian oil industry is about to see its production peak, which means it will inevitably start going down further down the road.
