Commodity Trade Mantra

Posts Tagged ‘Gazprom’

The Nail In Petrodollar Coffin: Gazprom Accepts Oil Payment In Ruble, Yuan

Russia will export energy to either Europe or China, and receive payment in either Rubles or Yuan, in effect making the two currencies equivalent as far as the Eurasian axis is concerned, but most importantly, transact completely away from the US dollar thus, finally putin'(sic) in action the move for a Petrodollar-free world.

Dollar Is In Peril As Global ‘De-Dollarization’ Trend Accelerates

As the Obama administration continues to alienate almost everyone else around the entire planet, an increasing number of prominent international voices are starting to question why the U.S. dollar should be so overwhelmingly dominant in global trade. The almighty dollar is more vulnerable now than it has been in decades.

Gold Prices Higher On Slowing Global Economy and Geopolitical Tensions

Gold prices jumped last week when World Bank released its report regarding the global economy, slashing its global GDP forecast on weaker outlooks in the US & elsewhere. Gold prices have now hit their highest in nearly three weeks as escalating turmoil in Iraq and Ukraine resulted in fresh safe-haven buying.

Russia Is Actually Abandoning The U.S. Dollar

Gazprom is not the only big company in Russia that is moving away from the U.S. dollar. Russia will start settling more contracts in Asian currencies, in order to lessen its dependence on the dollar market. Russia abandoning the dollar will hurt, but if other nations start following suit that could eventually cause a financial avalanche.

The Birth of an Eurasian Century: Russia and China do Pipelineistan

See the first real fireworks in the celebration of a new Eurasian century-in-the-making with Russian President Vladimir Putin visiting Xi in China. You remember “Pipelineistan,” all those crucial oil and gas pipelines crisscrossing Eurasia that make up the true circulatory system for the life of the region.

Prospects For Gold And Silver From A Russian Point Of View

We should act paradoxically when we deal with the West. We will sell Rubles to consumers of our oil & gas, and later exchange Rubles for Gold. If they do not like this, let them not do this & freeze to death. Before they adjust & this will take them 3 of 4 years, we will collect tremendous quantities of Gold. – Izvestia

The U.S. Dollar Under Siege - Long-Term Financial Implications

The US debt will continue its rapid growth that began in 2008. Historically, foreigners have been a reliable source of US Treasury purchases. But with the US issuing so much debt, foreigners have become saturated with US dollars and so have slowed their buying considerably.

US Natural Gas Will Never Replace Russian Gas For Europe

Even with the shale plays, in April 2014 the US remains a net gas importer. In 2013, the most recent full year of data, the US had to import 1.3 trillion cubic feet to satisfy domestic Natural Gas consumption. The numbers don’t add up, and they never will, also due to simple economics.

Putin Warns Europe "No Alternative... Will Cut Gas Supplies"

President Vladimir Putin has told European leaders a dispute over Ukraine’s gas debt to Russia could affect supplies of Russian gas to Europe and proposed urgent discussions on the matter. The remarks were the strongest sign yet that Russia could curtail supplies of gas to Ukraine.

Russia And China About To Sign "Holy Grail" Gas Deal

Russia is preparing the announcement of the “Holy Grail” energy deal (a natural gas supply deal that is apparently now close after years of negotiations) with China, a move which would send geopolitical shockwaves around the world and bind the two nations in a commodity-backed axis.

Global Financial Tsunami End Game: Is The Petro-Dollar Regime Finished?

Existence of petrodollars is one of the pillars of America’s economic might because it creates a significant external demand for US Dollars, allowing US to accumulate enormous debts without defaulting. Once oil trade is no longer denominated in Dollars, the bells will toll for the demise of the US Dollar

Natural Gas Alternatives for EU are Risky, Expensive and Time Consuming

Putin’s rapid annexation of Crimea has sparked a new urgency in the European Union to find energy supplies outside Russian state-owned gas giant Gazprom, but weaning the EU from Russian natural gas will be slow & difficult.Although the options are many, each faces significant challenges.

Russia, China, India Bypass the Petro-dollar - Currency Wars Continue

If Russia, China & India decide to start trading oil in their own currencies, the petro-dollar becomes just one of several major currencies. For them this looks like a win/win as their own currencies gain prestige, but ominous for the US- the ability to threaten the dollar’s rein as world reserve currency.

Russia Is Slowly Turning The NatGas Tap Off To Europe

Russia’s Natgas exports to Europe and Turkey, excl. former Soviet Union, declined to 405.3mcm as of March 22, according to Bloomberg calculations based on preliminary data from Energy Ministry’s CDU-TEK unit. Average daily exports to the region were ~457mcm in March, lower than year earlier.

The Honeymoon Is Over: Ukraine To Stun Citizens With 40% Gas Price Hike

Ukraine expects to increase domestic gas prices by 40% once discounted import prices from Russia expire, the country’s Energy Minister Yury Prodan told journalists in the European Parliament on Thursday. Ukraine may end up with hyperinflation of all goods and services within the year.

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