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Late in the evening of 12 April (outside of signing of this number in print), the energy Ministers of the OPEC countries+ will hold a new videoconferencia – apparently, for the final initialling of the text of the agreement on joint reduction in the production of "black gold". In Russia, many industry experts believe that, without this agreement, the domestic producers would have to cut the power in half. Now the barrel there is every chance that his price went back to the bar at $40, maybe even higher. So the cost of the "barrel" will help the domestic budget go a year without "holes" that need to be close from the reserve funds. However, for the oil industry, revenues from which fill about half of the Treasury, and the contract threatens to decline by 15%.
An emergency meeting of OPEC countries+ scheduled for April 9, which will be held in format of teleconference – the center of attention of market players all over the world. The stakes are high: either the States together fail to agree on the reduction of production volumes of "black gold", or the barrel will fall to record low levels, bringing the economies of producing countries, and so lying on the side of the pandemic, a new untold disaster. A lot depends on participation in the dialogue States that have not previously been aside from cutting production. According to preliminary data, the consent to capacity limitation gave Norway, Brazil, Colombia, Egypt, Mexico, and Canada and the United States. However, the participation of the two countries in remote negotiations are not officially confirmed.
The issue of withdrawal from the moral and financial crisis after the quarantine, the viability of online shows and reduced ticket prices discussed creative Director and Director of state theatres. Of course, online.
Russia and Saudi Arabia agreed to a serious reduction of oil production, reports Reuters, citing a source in OPEC. Countries have managed to settle many issues, in the end the parties came to an agreement on production cuts.
Venezuelan President Nicolas Maduro spoke on the phone with the Secretary General of the Organization of countries-exporters of oil Mohammed Barkindo
Recently the Minister of Finance of his native country, Mr. Siluanov gave are things that I almost choked — and in the moment in a public place it could even be life-threatening. He said with a straight face that, first, "were the fat years", and secondly, that now "we need to begin to effectively develop the economy". What?
Russia and Saudi Arabia at the summit of OPEC countries+ held 9 April via videoconference, to discuss the possibility of reducing global production by 20%. This is with reference to its sources, reports Reuters. In turn, the Wall Street Journal (WSJ), relying on its own channels of information, said that the overall discussion on capacity reduction of 20 million barrels per day. Earlier, Russia offered to cut the appetites of only 10 million "barrels" of which promised to take a limit of 1.6 million barrels a day. "Black gold" until it feels very uncomfortable. Rising on the eve of negotiations to $35, then the rate falls to $33.
The epidemic of the coronavirus, some countries even helps to solve their local problems. So, the consumption of energy in the world greatly reduced, hence the lower market value.
In a press-service of the Kremlin said the talks between Russian President Vladimir Putin with the American leader Donald trump and the king of Saudi Arabia Salman bin Abdulaziz al Saud on the situation on the world oil market. The talks were held in a telephone format.
The deal Russia and Saudi Arabia within OPEC+ reduction of oil production will cause a heavy blow to the Russian economy. This was stated by well-known economic analyst Mikhail Krutikhin, specializing in the oil and gas market.
The Ministry of Finance announced the completion of the transaction to repurchase from the Central Bank controlling stake in Sberbank. The government paid for 52.3% of the shares of 2.14 trillion rubles, which is 300 billion less than previously planned amount. The Finance Ministry transferred all the money at once and not in several tranches, as originally intended. Such haste is explained by the fact that the government desperately needs money for anti-crisis measures. Now it is time for the Central Bank: the regulator needs to transfer a large part of the amount back to the Treasury. Understand in detail dokhtarironi castling.
The main intrigue of the world petroleum negotiations is whether countries involved in the new deal OPEC+, to persuade Mexico to accept the General conditions – lasted less than a day. Initially, Mexico refused to cut production by 400 thousand barrels per day. The next day the figure changed to 350 thousand, and the country was agree that 250 thousand of them took over the United States. Now the final approval of the transaction is expected in the evening of 10 April. In the conference of energy Ministers of "big twenty".
Deal within OPEC+, joined our country, the oil gave the market hope that the cost of "black gold" will go back to $40-45. The importance of the document was evaluated at the highest level: the presidents of Russia and USA Vladimir Putin and Donald trump in a telephone conversation discussed issues of stabilization of international prices for raw materials and agreed to continue the dialogue on this issue. It should be noted that for the second time during the day, the heads of state discussed the subject of oil. Last night on the situation on the market of "black gold" they talked with the participation of king of Saudi Arabia Salman bin Abdulaziz al Saud. This composition of participants of the negotiation process makes it clear that the transaction is a done deal. Now there is hope that the cost of "black gold" will go back to $40-45, which will save the Russian budget from another deficit.
Negotiators OPEC+ reduction of oil production has failed to put the final point in the agreement because of the position of Mexico. The Minister of energy this country Nele Rocio Garcia - the only one who refused the offer of quotas to reduce production to maintain the price of a barrel. In the result, it was decided to continue negotiations on Friday, April 10.
Our personal and professional communication in the conditions of the quarantine goes into the virtual space. The producers, led by Alexander Hakob and representative online cinema discussed in the Network generalnote after coronavirus. Not without its oddities. On the screen suddenly appeared erotic picture, the origin is not found out. In the final discussion participants sitting at computers in homes, offered ever to celebrate their meeting over a glass of wine, and received an invitation to the Caucasus, where there is no coronavirus. Optimism has not disappeared, although the situation is critical.
The oil market is moving to the biggest surplus of oil reserves in the first half of 2020. It may be two to four times more than the highest surplus recorded so far, says IHS Markit.
Last days of the past winter may go down in history as the date of the beginning of the next global crisis. In fact, in the run-up to 2020, many world famous economists had predicted the world to a new financial meltdown. Only here the reasons were called different: someone is nodding to a trade war between America and China, some to global warming, someone- on sulking, in many markets, "bubbles", just about ready to burst. But came "black Swan" — so with the light hand of the famous American economist Nassim Taleb in the financial world it is accepted to name unexpected events, blowing up a systematic course of life. Our "black Swan" has a specific name — COVID-19.
Finance Minister Anton Siluanov explained why the Russian ruble in recent weeks have tumbled. If after the New year, the country went to work with the dollar a little more than 61 of the ruble by the end of February, he has reached the mark of 67 rubles. So over a month the ruble sank against the U.S. currency by almost 10%.
To panic because of falling oil prices by 26% and is not worth the economist, scientific Director of the «Institute of problems of globalization" Mikhail Delyagin in his Telegram channel. Also do not worry due to the fall of the Dow Jones three days in 11%.
Dollar for 67 rubles, Euro almost 74, of oil for $50. A few days ago, these figures, recorded on Friday, February 28, the day seemed unthinkable. But the epidemic creates its own history, as if mocking intelligent heads with their authoritative observations and forecasts. As they say, want to laugh coronavirus, tell him your plans. He himself continues its quiet expansion, exchanging not so much from person to person within China, but from country to country and from market to market.
Oil prices again plummeted on the world market of goods on Friday morning on the news spreading in the world of a new type of coronavirus.
Oil fell to $51.4 per kick. Quotes have sunk to a record depth since the beginning of the year. 3 Jan barrel was trading for $68,64. The reason for that was the Chinese epidemic. The markets are afraid of the coronavirus, which captures new and new countries. Investors are seriously concerned about even greater coverage areas that can lead to serious economic consequences for world GDP, and the Russian Federal budget and the national currency. The Euro, on February 27 in the course of trading, breaking the mark of 72 RUB, updated the lowest figure since September last year.
The majority of global stock and commodity markets negatively reacts to "spread" coronavirus infection COVID-2019 on the planet. The decrease in the key stock indices American, European, Asian markets, and Russia is no exception.
Minsk called the amount of compensation for "dirty" oil, which in the spring of 2019 admitted to the Druzhba pipeline from our country and disrupted the work of the Belarusian and European refineries. Russia will have to pay damages of more than $60 million, Another $300 million, according to the President of Belarus Alexander Lukashenko has promised to pay Moscow for the losses because of changes in conditions of supply of Russian raw materials. At first glance, it seems that lasted from the beginning of the year oil war between the two States is completed but before a final truce is still far. Belarusian President continues to say that he was ready to diversify the supply of hydrocarbons and is going to buy oil through Ukraine and the Baltic States.
The decline in the world oil market continued on Thursday morning. During the trading session, oil prices of North sea Brent crude at the moment fell to 1.64 per cent, to 51.94 per barrel.
The coronavirus, it seems, is obsessed with the ruble. Tuesday, February 25, at the Moscow stock exchange rate of the Russian currency against both the dollar and the Euro fell more than 1.5 percentage points, reaching respectively 65,47 and 70,93 rubles. Earlier, the epidemic caused a rustle in the stock markets of the US and European indexes lost from 3% to 5%. In General, the uncertainty surrounding the creeping Chinese infection is recognised in absolutely all areas of the global economy: risks are growing, States have a damages, cheaper oil, trade deflates, the GDP growth rate slowing down. And then, judging by developments, it will only get worse.
At first it seemed the most plausible version of Ukraine's cooperation with Azerbaijan, but in recent years, experts more and more convinced that Ukraine is in this story entered the arena not for the sake of hype, and with serious intentions. But how? "MK" has tried to understand this question.
Russian President Vladimir Putin during a telephone conversation offered Belarus to compensate for the fall due to the tax maneuver revenues from the supply of oil, said the Belarusian President Alyaksandr Lukashenka. He stressed that we are talking about approximately 300 million dollars, which will be offset by premiums oil companies of the Russian Federation.
News about the spread of a new type of coronavirus in different parts of the world make all the more nervous participants trading on the financial markets. The first trading session of new week in the United States over the significant decrease of stock exchange indexes. The stocks of almost all major global companies, resulting in the 500 richest people on the planet have become poorer by about 139 billion dollars in just one day.
While Chinese authorities are reporting the capture of a situation with epidemic of a new type of coronavirus under control, more and more news about the infection dangerous infection comes from different parts of the world. This has a negative impact on moods of participants of global financial markets, fearing the possibility of a significant slowdown in the global economy.
Natural gas is cleaner and cheaper than oil. If it is an environmentally friendly fuel, and it is already widely used to generate electricity, then why the world still goes on cars running on natural gas? And replace if natural gas oil?
Coronavirus comes back and scares investors. Recent data on the prevalence of Hubei province - the epicenter of the disease, were stunning. Quotes for exchange traded assets fees down.
The budget proposal of the President of trump, published yesterday, provides for the sale of 15 million barrels of oil from the strategic petroleum reserve.
The dollar and the Euro started trading on the Moscow stock exchange decline. The ruble rose against the bi-currency basket, according to the auction.