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Dollar Regains Strength, NordFX Reports
Binance and Cryptocurrency Exchange
Dollar Becomes Safe-Haven Asset Amid COVID-19 Pandemic
Fed Cuts Interest Rates. What Does It Mean For Bitcoin?
Fed Cuts Interest Rates Again Amid COVID-19 Pandemic
Coronavirus's Impact On Markets Intensifies, NordFX
Remember the Key Rules of Investing in Stocks
Apple Patents iPhone Without Ports And Holes, Device Expected In 2021
Gold Sets New Records
Brent Prices Drop Down To $61/b
Gold Prices Are Getting Stable After Monday's Rally
Oil Prices Have Made The Biggest Rally In History
Life After Brexit: EU-UK Talks Are Underway
USA May Take Steps To Support National Economy After COVID-19 Pandemic
Fed Cuts Key Interest Rate For The First Time In 10 Years
New Prime Minister Names Brexit Date
Johnson Launches Hard Brexit Ad Campaign
U.S-China Trade War Is Sponsored By Consumers
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Stock and commodities markets
Remember the Key Rules of Investing in Stocks
Without further ado, let's consider a bunch of principles of investing in stock, which will put the odds of succeeding in this business in your favor:
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.
US-China Trade War Drops Oil Prices
The trade war between the United States and China is underway. Yet, it has already led to some consequences. For example, international experts say that this war has been the reason for the current weakness of the global market of cryptocurrencies. At the same times, Finanz experts claim that this trade war has dropped oil prices.
USA Almost Doubles Oil Export in 2017
In 2017, the United States’ oil export reached 1,1 million barrels on average, which is almost twice as much as exported in 2016. These figures are confirmed by the EIA.
OPEC+ Conditions May Get Tougher
The participants of the OPEC+ deal have recently discussed the efficiency of the deal. Having discussed the results, they decided to change a range of criteria. To do so, they may well have to extend the OPEC+ deal, Bloomberg reports.
Что будет с золотом в марте?
What should we expect in the global market of gold in March? Some experts decided to share their forecast.
OPEC and Russia Created a Dangerous Rival
Russian oil expert Ivan Priobrazhenskiy has commented on the negative outcome of curbing oil production (the OPEC+ deal). He claims that while trying to create an artificial deficit in the global oil market, the OPEC+ deal participants actually did American shale oil producers a huge favor. The thing is that American shale oil companies have been boosting their production over the last year or so, and they can take the United States to the status of the world’s biggest oil producer. They have already outpaced Saudi Arabia and are close to outpacing Russia, which is currently number one in the world in terms of crude oil production.
