Russia's ex-finance minister Kudrin founded platform says ruble might hit 120 per USD ]
http://www.vedomosti.ru/finance/news...rublej-komitet
That would mean a complete Russian economic collapse and defaults.
Printable View
Russia's ex-finance minister Kudrin founded platform says ruble might hit 120 per USD ]
http://www.vedomosti.ru/finance/news...rublej-komitet
That would mean a complete Russian economic collapse and defaults.
Oil Caps Fifth Weekly Loss on Global Supply Glut Concern
http://buswk.co/1xS0dIy
Ukraine using Gazprom's old pipeline network to transport Ukrainian shale gas to old Gazprom customersin EU is Putin's absolute nightmare
Imagine if Qatar was right next to Europe with existing pipeline network. Thats Ukraine's once shale gas boom is rolling.
Extraction has already begun. Ukraine is the biggest investment opportunity in the world right now.
Russia rations metro tokens in St. Petersburg after public begins bulk panic buying
http://uatoday.tv/business/russia-ra...ng-399965.html …
After (artificially?) having been stabilized, the Ruble is on the run again... pic.twitter.com/ARWDjYJV4O
Putin shoot himself in the foot today pic.twitter.com/I6HeKlOlrn
Brent and Ruble prices met today-- Brent 58,8 $
#Ruble above 58/USD, a 1-day drop of almost 9%. Not comforting news for Muscovites before tomorrow's #Navalny riots.
pic.twitter.com/nHbSpPj7dP
Brent 57,9 $-----10% down for rubel---early 2015 is not looking good for Russian economy
Wow, journalists just discovered a mistery hidden in the plain sight, wise and cunning they must be! :rolleyes:
SPB dwellers do it every december as price for mass transit rizes every year, usually in January. We, Muscowites do nothing like this, and guess why? RFID chips! :cool:
mirhond--care to comment on your rubel falling even further? Brent at 57.
By David Sheppard
LONDON (Reuters) - Brent crude (LCOc1) reversed early gains to trade near $57 (37 pounds) a barrel on Friday, as the glut of oil that has halved prices since June overshadowed investors repositioning at the start of the year for an eventual recovery.
Brent has fallen to its lowest since 2009 as top exporter Saudi Arabia and other large Gulf producers have declined to cut production in the face of fast-growing U.S. shale oil output, despite pleas from other members in the Organization of the Petroleum Exporting Countries (OPEC).
"Nothing has changed on the supply side. Unless there are some supply cuts, oil markets can't be strong at the moment," said Ken Hasegawa, commodity sales manager at Tokyo's Newedge Japan.
Brent crude (LCOc1) for February delivery was up 8 cents at $57.41 at 0950 GMT, more than $1 below the day's high at $58.54, which was hit within 30 minutes of the open of trading. Prices touched a post-2009 low of $55.81 on Wednesday.
Traders said a number of buy orders would have been placed ahead of the start of the new year's trading, with some willing to bet prices will bounce this year as expensive oil projects are potentially shuttered or cancelled.
Front-month U.S. crude (CLc1) for February delivery was up 28 cents a barrel from Wednesday's close at $53.55, after reaching an intraday high of $55.11 shortly after the start of trading.
Markets were shut on Thursday for the New Year holiday.
Prices faced pressure on Friday after a senior Libyan oil official said a major fire in an oil storage tank at the North African country's largest crude export port had been extinguished.
Iraq, the second-largest producer in OPEC, said exports had averaged the highest since 1980 in December, reaching 2.94 million barrels per day.
Iran's deputy foreign minister on Thursday called on its regional rival Saudi Arabia to take action to support oil prices, saying producer countries across the Middle East will be hurt unless the slump is reversed.
WEAK CHINA DATA
The jump in oil prices early on Friday was also capped by surveys showing weak factory activity in China in December, which underlined the challenges facing the country's manufacturers as they fight rising costs and softening demand in the world's second-largest economy.
China's official Purchasing Managers' Index (PMI) slipped to 50.1 in December from November's 50.3, with weaker-than-expected oil demand growth in China last year contributing to the price collapse.
Euro zone manufacturing also ended 2014 on a subdued note as output, new orders and employment all recorded sluggish growth, a survey showed on Friday.
In the United States benchmark oil prices took some support from data on Wednesday showing inventories (USOILC=ECI) fell by 1.8 million barrels in the last week, but an increase of 2 million barrels at the U.S. crude contract's delivery hub of Cushing, Oklahoma kept gains in check.
Brent now at the 54 range and still going down----
EEU dead by 2015? Great article on the EEU and it's potential failure---no wonder Russia wants EU/EEU talks---
http://www.foreignaffairs.com/articl...isunion-000000
2014 was a rough year for Russia's richest men, who lost a combined $46+ billion dollars, per Bloomberg Billionaires
pic.twitter.com/46TODeAU7m
Oil's "glass floors" (pt 94):
#WTI approaching $50 per barrel.
http://www.bloomberg.com/energy/ pic.twitter.com/Fx2diclCQw
The price of oil continues its dramatic fall. The Brent is trading at $54.04 today. That is -$2.38 or -4.22%. Lowest price since early 2009.
Brent is now 53.7-----
Fascinating yarn on head of Moscow hedge fund doing smoke and mirrors disappearing act, and taking the cash with him http://www.wsj.com/articles/chaos-ru...18446?mod=e2tw …
A few thoughts on the Eurasian Union's unveiling this week:
http://thediplomat.com/2015/01/euras...ad-on-arrival/ …
Part resounding thud, part thundering silence.
Now the US oil prices are falling just as fast--NOW under 50
BREAKING: US oil price drops below $50 a barrel, First time since 2009.
BRENT is now 52.9 AND falling--will be interesting to see the impact on the Russian markets and rubel tomorrow---
USD-RUB 60.2083
http://www.bloomberg.com/quote/USDRUB:CUR …
Collapsing Ruble due to falling oil prices creating food shortages in #Russia
http://bit.ly/1wkOnkU
pic.twitter.com/rtl6xfgNwB
Brent oil now below $50 http://money.liveuamap.com/en/2015/7-january-brent-oil-now-above-$50 … pic.twitter.com/3Qh2KVi2oY
BNP Paribas says Russia no longer has enough reserves to cover external debt. Derivatives flash default warnings
http://money.liveuamap.com/en/2015/7...nough-reserves …
BNP Paribas: Russia no longer has enough reserves to cover ext. debt, enters crisis 2x as levered as pre-Lehman crash http://www.telegraph.co.uk/finance/e...-warnings.html …
Gazpromneft Leads Russian ADR Drop as Crude Rout Deepens
http://bloom.bg/1HHmn27
Russian FX reserves fallen from $511bn to $388bn in a year. Total FX debt is $654bn.
Current Russian CDS levels imply a 32% expectation of a sovereign default over the next five years. (Markit)
This is up from 21% three weeks ago.
The Collapsing $Ruble Is Creating Food Shortages as Russian shopkeepers can't update their price lists fast enough
http://uk.businessinsider.com/the-ru...de-2015-1?r=US …
Will we see a new decade of $20-a-barrel oil, as we saw in the 1990s? http://www.theguardian.com/business/...ture-uk-russia …
Manufacturers face "bloodbath" in Russia as ruble collapses.
http://www.bbc.com/news/business-30552925 …
Brent oil about to go sub-$50 again...
http://www.bloomberg.com/energy/
pic.twitter.com/jQ0PYyy1ID