Heroes of Ukraine

«Market Leader» - news and previews making you rich.

Monday, 22 July 02:44 (GMT -05:00)



Stock and commodities markets

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.

 

 

 

 
The reason for this unexpected decision is believed to be the collapse of the oil industry in Venezuela . Since a Venezuela n oil terminal in the Bahamas has been arrested, Caracas may well fail to fulfil the oil contracts signed with some Asian and European importers. In particular, Venezuela is expected to fulfil those contracts only to 70%. This means that some other oil exporter will have to make up for this shortage.
 
According to Saudi Aramco, Saudi Arabia’s biggest state-owned oil company, all of their Asian clients will have to pay for Arab Light oil $0,2/b more and $2,1/b above the Oman Dubai benchmark starting from June. This is the biggest price increase in 4 years.
 
As for those heavy sorts of Arabian oil that are close to the Venezuela n ones, they are expected to become $0,4-0,7/b more expensive. For instance, for Arab Heavy, this will be the highest price since 2012.
 
As for European importers, the Saudis are planning to cancel the discount program for them. For North-Western EU states, the Saudi oil cost will increase by $1,6-2,5/b. At the same time, Arab Extra Light is expected to level with Brent oil. South European states will get the Saudi oil for a price $1,2-2,1/b higher than before.
 
It’s also interesting to note that ConocoPhillips (USA) won a trial with PDVSA (Venezuela ) in the international arbitrage to the amount of 2 billion dollars. That’s basically why the mentioned terminal in the Bahamas was arrested. The thing is that Venezuela used to use it as an oil hub for delivering crude oil to Asia. So, according to the IEA, Venezuela ’s oil production has reached the lowest level over the last 50 years.

 

You are free to discuss this article here:   forum for traders and investors

 

Add to blog
Got a question? – Ask it here »
 

Is Economic Decline In USA Inevitable?

The NY Fed model points out to the fact that the probability of another recession in the American economy has increased all the way up to 33%. Over the last 50 years, such signals have almost always bee followed by recessions.
 
Publication date: 13 July 08:39 AM

Will USA Manage To Prevent Stock Market Crash?

The U.S. Federal Reserve has eased their rhetorics in order to avoid another stock market crash. International experts are now trying to predict the possible consequences of the decision made by the American financial regulator, especially form the stand point of international investors. 

Publication date: 11 July 11:31 AM

Masterforex-V Names Biggest Stock Exchanges

Stock exchanges have been operating worldwide for many decades. They are specific financial institutions  or marketplaces that operate to let people and companies invet in various stocks and other securities. Those are the stocks issued by various companies representing various industries - from mining to services. These days, you can invest in stocks, indexes, bonds, options, and other securities.
 
Publication date: 17 May 11:57 AM

Masterforex-V Names SSE's 20 Biggest Companies

There are several cities in the world that can be called centers of business and financial activity. Shanghai, China, is definitely one of them. This is the home to China's biggest stick exchange. Shanghai Stock Exchange (or SSE for short) is the world's 4th biggest stock exchange in terms of market cap and number one in terms of the pace of growth.

Publication date: 17 May 11:23 AM

Masterforex-V Experts Call Hong Kong Exchange Financial World's Biggest Provoker

At the current stange of market relations, one can easily define the spots of the biggest economic and financial growth. Apparently, stock exchanges are on the list.On the one hand, the constant turnover of financial assets is a good thing, so is the opportunity to buy or salle a stock without major effort. On the other hand, internatinal experts have been signaling potential threats for quite a long time. At Masterforex-V Academy, they think that the major provoker in the financial world is Hong Kong Stock Exchange (SEHK). By the way, this is the world's 6th biggest stock exchange in terms of market capitalization. Apparently, this kind of significance in the financial world is the key reason for those potential threats.

Publication date: 01 May 01:08 AM

Will U.S. Stock Market Grow This Year?

The American stock market has reached another crucial strange. The forthcoming macroeconomic stats may trigger a major move in any of the 2 directions. International experts say that the future market reaction will depend on a number of macroeconomic stats as well as several events. However, the current bias seems to be bullish since at this point, there are no major reasons to expect another stock market crash within the next 12-18 months.
Publication date: 27 January 07:56 AM

Experts Anticipate U.S. Stock Market Crash This Winter

As you probably know, the U.S. stock market has been in the red zone over the last few weeks. International experts assume that this downtrend is likely to continue in the first quarter of 2019. The key reason is the fact that really huge volumes of risky assets are under the risk of forced sales, Market leader reports, with reference to Forbes.

Publication date: 04 January 04:13 AM

Why did crude oil crash by almost 11% last week?

The past trading week was a nightmare for the global market of crude oil, with a major price crash. In particular, Brent oil dropped in value all the way down to the lowest price since July 2017. This was a dive below 53 dollars per barrel. Since then, international experts have been trying to figure out the reason for that.
Publication date: 26 December 09:40 AM

Russia and OPEC agreed to cut down on their oil production in 2019

As you probably know, the participants of the latest OPEC summit agreed to cut down on their oil production next year. This triggered a temporary price rally in the international market of crude oil.
Publication date: 23 December 02:01 AM

OPEC and Saudis Are Planning To Back Oil Prices

International experts and governments have been closely watching the drama going on in the international market of crude oil. According to The Wall Street Journal, Saudi Arabia is going to quit the overproduction of crude oil for the sake of preventing oil prices from going down any further and, if possible, backing their new growth.
Publication date: 05 December 11:00 AM