Who are the winners and losers? Plummeting oil prices are leading to significant revenue shortfalls in many energy exporting nations, while consumers in many importing countries are likely to have to pay less to heat their homes or drive their cars. Wednesday, the 26th of April Oil prices lower even on Wednesday. U.S. […]
Today’s Important: Australia Consumer Price Index (CPI) QoQ fell to the actual 0.5% (while the expected forecast was 0.6%) Canada Core Retail Sales MoM rose to actual 1.7% (even if expected was 1.1%) United States Crude Oil inventories to actual – 1.034M (forecast: -1.470M) Escondida Mine, Chile Escondida mine strike lead to huge output […]
U.S. East Coast refiners are interested in buying increasing volumes of domestic crude oil from the Gulf Coast. This is the latest upheaval in the wake of the opening of the Dakota Access pipeline. Major U.S. East Coast refiners profited from railing hundreds of thousands of barrels of discounted Bakken crude to their plants daily […]
Top 5 things you need to know in the financial Markets on Tuesday: Global stocks, euro extend French election rally Dozens of U.S. earnings ahead Oil attempts to break 6-day losing streak (later in text) North Korea conducts live fire drill as tensions rise U.S. slaps tariffs on Canadian lumber For further info about these […]
If OPEC and non-OPEC countries decide not to extend a supply cut deal beyond June the 30th, Russia has an option. It could climb Russian oil output To the highest pace in 30 years. For now, OPEC and non-OPEC countries made a deal Along with Russia. It was to cut 1.8 million bpd in output […]
MMC Norilsk Nickel MMC Norilsk Nickel is a Russian nickel and palladium mining and smelting company. Its largest operations are located in the area near the Yenisei River in northern Russia. It also has holdings near the Kola Peninsula, area of Norilsk-Talnakh and in western Finland at Harjavalta. It operates in Southern Africa in Botswana, […]
Overpassing the last week Monday morning was a bright period, after last week’s price crashes. All base metal prices were slightly UP during morning trading on LME. Tin was the only one who had a price decline. Firstly, copper started trading at $5,660 per ton after hitting a three-month low this time last week, […]
A short revision & Today’s prices Followed by last week’s huge losses, Oil prices recovered today. Inspired by OPEC’s ideas to extend a supply cuts in next 6 months, it made a market prices rise. While the relentless rise in U.S. oil outputs is making a fuss on supply’s side. “U.S. West Texas Intermediate […]
Public Sector Wage Cuts Last September, the government roughly diminished financial perks for employees in the public sector. It is the main source of incomes for Saudi people, because most of them work there. The goal was to curb a huge budget deficit caused by low oil prices. Low Oil prices caused country to […]
Chronology of decisions: Firstly, On February 7, 2017, Iran’s oil minister announced that major oil producers should prolong the oil production cut deal in second half of 2017. The production cut would restrain oversupply in the oil market and support crude oil prices. Higher crude oil prices have a positive impact on oil and […]