Commodity Trade Mantra

Posts Tagged ‘Rosneft’

OPEC Rumours Continue To Pull Oil Prices Higher

Oil prices hit one a month high on Monday thanks to speculation about potential producer curbs on supply and new data from market intelligence firm Genscape showing an estimated draw of more than 350,000 barrels per day at the Cushing OK delivery point. Although oil prices reacted stoically on last week’s rig count report, the amount of rigs added to the Permian basin is starting to add up.

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.

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.

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.

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