The worldwide financial downturn because of coronavirus and the breakup of OPEC+ has despatched the ruble tumbling, which might give Russia an sudden benefit within the oil worth battle. ...
Oil value crash not catastrophic for Russian economic system — Kremlin
Posted By Russian Opinion. Under Economy Tags: catastrophic, crash, Economy, Kremlin, Price, Russian
The present turmoil on the worldwide oil market shouldn't be disastrous for Russia, Presidential Press Secretary Dmitry Peskov stated on Friday, noting the nation has a security cushion. ...
Costs of valuable metals are falling on lack of investor confidence that stimulus measures taken by the world’s central banks are sufficient to regular the markets. ...
Saudi Arabia’s state-run oil big Saudi Aramco has introduced a pointy drop in its 2019 revenue, falling nicely under expectations and coming every week after a reported oil dispute between Moscow and Riyadh despatched oil costs plunging. ...
World demand fears and a brand new provide disaster have triggered the sharpest decline in oil costs in a long time and US shale drillers may grow to be the primary sufferer. ...
With oil costs cratering worldwide, President Trump added an additional order to his checklist of govt responses to the coronavirus pandemic: purchase up crude oil and fill the US’ reserves to the brim. ...
Falling power costs might scale back India's inflation and decrease the price of its import payments, economists say. That would, in flip, assist slender the nation's commerce and present account deficits. ...
Russia’s major index on the Moscow Alternate plunged seven p.c after the lengthy weekend vacation on Tuesday. The RTS greenback index is down round 13 p.c at 1,100 factors. ...
Gold – thought to be the standard protected haven – may very well be “one of many beneficiaries” of the worldwide inventory market panic attributable to the Russian-Saudi standoff over oil and the coronavirus outbreak. ...
Oil worth conflict will expedite the top of petrodollar & rise of Chinese language-Russian foreign money– RT’s Max Keiser
Posted By Russian Opinion. Under Economy Tags: ChineseRussian, currency, expedite, Keiser, petrodollar, Price, Rise, RT’s
The US shale market is to bear the brunt of the raging oil worth conflict that has despatched Dow Jones and crude costs down, and Saudi Arabia will fare no higher. In the meantime, Russia has acquired one of the best hand within the recreation, Max Keiser believes. ...
