Commodity Trade Mantra

Posts Tagged ‘Oil Exports’

Saudi Market Share Hit As Russia Doubles Oil Exports To China

Russia had overtaken Saudi Arabia as China’s leading supplier of crude oil at the end of last year. Russia’s exports to China had more than doubled over the course of the past years — an increase equivalent to 550,000 barrels a day, while the two major oil suppliers – Saudi Arabia and Iran, saw their Chinese oil orders decline year-over-year.

Can Crude Oil Prices Continue To Rally Like This?

Oil prices have bounced around a bit after last week but have held more or less in the range of $43 per barrel for WTI and $45 for Brent. The price gains over the past few weeks come as the fundamentals have improved. Oil production is expected to continue to fall through 2017 as too few new wells come online to replace rapidly falling shale output.

Collapse Of Petrodollar: Oil Exporters Dumping US Assets At Record Pace

For the first time in almost two decades, energy-exporting countries are set to pull their Petrodollars – (a term coined for the dollar-denominated oil trade) out of world markets this year at a frenzied pace in the face of today’s “crude” realities. And so the liquidity drain is on, the only question is how far reaching the consequences will be.

Petrodollar Death Means A Liquidity And Oil-Exporting Crisis On Deck

The Petrodollar, long serving as the US leverage to encourage & facilitate USD recycling in US-denominated assets by the Oil exporting nations & thus a means to steadily increase the nominal price of all USD-priced assets, just drove itself into irrelevance. As a consequence of a drop in oil prices, global market liquidity will fall.

Can Petrodollar Survive Low Interest Rates?

After concluding that US policymakers could never again manage the relationship of Fed Funds rates to oil prices, creditor nation policymakers began reverting to the oil settlement asset that had been used for decades before the Petrodollar – physical gold. What does this mean for gold and oil prices going forward?

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.

Russia Iran Sign Historic 500,000 Barrel A Day Oil Deal - Petrodollar Under Threat

Russia signed a historic $20 billion oil deal with Iran to bypass both western sanctions & the dollar based western monetary system yesterday. The 5 year accord will see Russia help Iran “organize oil sales” as well as cooperate in the oil-gas industry, construction of power plants, grids, supply of machinery, consumer goods & agriculture products.

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

Oil Prices Will Rise Regardless Of Middle East Unrest

Oil Prices will remain high, because the price is driven by long-term supply issues, not short-term disruptions in the Middle East – Oil production in South American countries is in decline as a consequences of governments’ interference in the oil industry.

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