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Bitcoin Will Hit $20K, CoinShares Says
German Stock Exchange Börse Stuttgart Welcomes Cryptocurrencies
Bitcoin Goes Down, Getting Closer to 8000 USD/BTC
Bitcoin Rallies Despite Criticism from Buffet and Gates
Will Bitcoin Rate Exceed $10K This Week?
Bitcoin Prospects Look Vague Against Altcoins
Crude Oil Goes Above $80/b, Morgan Stanley Improves Oil Forecast
Oil Prices At $79/b, Russian Ruble Still Weak. Why?
Russia Isn’t Interested In OPEC+ Anymore
Who Loses and Wins from Oil Prices At $70/b?
American Oil Export to Europe Quadruples Thanks to OPEC+
Russian Oil Production Is About To Peak and Start Declining in the Near Future
How to become a European bank co-owner?
Goldman Sachs Analysts Have Found Global Economic Slowdown
U.S. Fed Denies 4 Interest Rate Hikes This Year?
Putin Challenges USA
Chinese Renminbi’s Global Currency Status Will Open Chinese Economy to the World
Will the USA Impose New Sanctions on Russia in Advance of the Russian Presidential Election 2018?
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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.
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.
