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Saturday, 28 November 15:13 (GMT -05:00)

Stock and commodities markets

Saudi Arabia Tries to Get off the Oil Needle

Saudi Arabia will no longer use petroleum as the main source of profit and resource of energy supply. Insted, the kingdom’s government is going to focus on renewable sources of energy.
This has been informed by Masterforex-V Academy with reference to the Minister of Petroleum and Mineral Resources of Saudi Arabia Ali Al-Naimi.
“I believe that Saudi Arabia is an ideal country for renewable energetics,” says the minister, “for we have abundance of sunlight and unused territories, as well as much sand; and that’s all what is needed to out up solar stations.”
However, Al-Naimi does not believe that mankind will be able to absolutely refuse from petroleum in the nearest 50 years, which he finds not so bad anyway.
This is not the first time Saudi Arabia is making a statement about diversification of its economy and lowering dependence on export of petroleum; the latest of such vast plans on  “refusal from oil” has been presented this January.
Besides, British-and-Dutch oil-and-gas company Royal Dutch Shell and Saudi Arabian state corporation Saudi Arabian Oil Company (Saudi Aramco) have signed a preliminary agreement on upcoming division of their joint venture Motiva Enterprises.
Russian Oil will Last 28 Years


In his interview to the “Market Leader” the Minister of Natural Resources of the Russian Federation Sergei Donskoi has stated that the country will have enough oil deposits only for 28 years, and its traditional recovery will reduce already in 2020.



Donskoi has calculated that annual recovery of oil in Russia amounts to about 29 million tons, whereas last year’s recovery of crude oil (without gas condensate) amounted to 505 million tons. “If calculations are made head-on, relying on official data, open deposits will last for 57 years. However,” reminds the minister, “according to experts, the number of proved deposits is twice smaller, namely, about 14 billion tons. In such a case, oil recovery will last for 28 years only.”
He says that if new oilfields are not created, recovery from traditional reserves will drop already in 2020. “This will be achieved owing to increase of reserves of “tight oil”, which is oil that is hard to recover,” claims Donskoi.


Experts of Masterforex-V Academy have studied the annual forecast of oil and gas recovery in the Russian Federation, which promises that this year geological exploration will not drop to the critical point.


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Goldman Sachs is back in the game

20 years ago, Goldman Sachs used to be a Wall Street legend and a dream company to work for graduates with a financial degree. Over the last few years, the bank has been a loser with thousands of disappointed employees, managers, and investors. However, the other day Goldman Sachs made an attempt to get back in the game.

Publication date: 16 October 01:17 PM

European ETFs - Decent Alternative to American ETFs

The mentioned PRIIP rules are forcing the financial service providers and brokers to publish a specific set of info documents including the so-called KID with the key info on certain investment and insurance products. Since the funds coming from outside of Europe do not conform to these requirements, they cannot be offered to EU residents as investment products.
Publication date: 19 September 01:48 AM

Warren Buffett Keeps Loading Up On Bank of America's Stock

Berkshire Hathaway keeps loading up on Bank of America's stock. This time, during the period of July 31st - August 4th, they purchased over 13,6 million shares, which cost 337 million dollars. The average prices was 24,81 dollars per share. With that being said, Berkshire Hathaway now owns 1,03 billion shares of the stock, which is 26,15 billion dollars in dollar terms. As for the Federal Reserve, they agreed to increase the fund's share to 24,9%.

Publication date: 12 August 01:39 AM

WTI Price Drops After US Oil Inventories Report

Today, another crude oil inventories report has been released by the USA:

Publication date: 03 June 12:21 PM

Is Gold Worth Investing Amid Crisis?

Securing assets has always been number-one goal during crises. This is something that worries borth financial experts and plain folks who are far from the  peculiarities of the financial world but who are still witnessing their savings vanish amid inflation and devaluation.

Publication date: 14 April 02:09 AM

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:

Publication date: 11 March 01:14 AM

Apple Patents iPhone Without Ports And Holes, Device Expected In 2021

It seems that the release of the long-awaited iPhone without any ports or holes is getting more and more portable. Apple has always favored minimalistic designs, especially over the last 5 years. In 2015, almost all of the classic ports were deprecated in MacBooks in favor of a single one - USB-C Thunderbolt 3. In 2017, iPhone 7 got rid of the 3.5mm audio jack.

Publication date: 05 March 08:20 AM

Gold Sets New Records

The gold market is insane. The gold futures price set a new major high in New York. In particular, the dollar price of the precious metal set a new 7- year high. With that being said, maybe you should add gold to your investment portfolio along with BTC? Well,lat's ponder upon this question.

Publication date: 14 January 01:23 AM

Brent Prices Drop Down To $61/b

The concerns over the global demand for crude oil are getting back to the market again. The current trading week has been a week of discounts. Earlier today, Brent oil saw its price drop down to 61 dollars per barrel. The WTI price dropped all the way down to 56 dollars per barrel. The supply side has got an upper hand.
Publication date: 27 September 04:52 AM

Gold Prices Are Getting Stable After Monday's Rally

Last week was rich in the information about various financial markets, which could exert downward pressure on gold prices. Strange as it may seem, the situation in the ore market was relatively calm. Eventually, the week closed in the green zone. Those gains mainly had to do with Friday's gold rally. International traders and investors reacted to the information about another global economic slowdown coupled with the trade war between the United States and China as well as the current situation in the Middle East, and started loading up on gold as a safe-haven asset, which eventually pushed the prices higher. 

Publication date: 24 September 05:15 AM