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Tuesday, 30 May 03:10 (GMT -05:00)



Hot news

Russian Economy Will Face Challenges After 2018


It’s getting more and more obvious that crude oil is not going to grow as expected, which is why the hopes laid by the Kremlin on higher oil prices and higher income from oil exports are probably not going to become a reality. Most likely, this is not going to happen over the next couple of years as well. Despite extending the Vienna Accord during the recent OPEC summit, the participants of the summit still cannot see the expected results as oil prices still haven’t shown any considerable rally, thereby indicating no significant progress.

Publication date: 28 May 11:46 PM

 

IMF Demands Land Reform From Ukraine

Pension and land reforms are the two questions on the agenda, without resolving which the Ukrainian government can forget about further loans from the International Monetary Funds.

Publication date: 28 May 11:30 PM

Standard & Poor’s Confirms Ukraine’s Rating

International rating agency Standard & Poor’s (S&P) has confirmed the long-term rating of Ukraine, both for national and foreign currencies. The rating is confirmed at «В-/В», with stable forecast for both national and foreign currencies.
 
S&P analysts underline that confirming the ratings reflects the progress achieved in the macroeconomic situation in Ukraine. The Ukrainian GDP is expected to grow by 1,9% this year.
 
Publication date: 28 May 11:08 AM

OPEC Extends Vienna Accord

The OPEC and their non-OPEC fellows are reported to have extended the so-called Vienna Accord today during the OPEC summit in the capital of Austria. The agreement designed to cut the participants’ oil production is expected to reduce the oversupply of crude oil in the global market in order to back higher oil prices. The agreement is extended for 9 months.
 
Publication date: 25 May 09:45 AM

Russian Ruble May See Devaluation

According to Russia’s central bank, the real effective exchange rate of the Russian Ruble increased by 2,5% in April 2017 against March 2017. What is the long-term forecast and what are the chances of a weaker ruble in the near future? Market Leader will try to figure this out together with several experts.
 
Publication date: 25 May 09:04 AM

Firing Comey Won’t Save Trump From Russian Scandal

According to several Western media sources, Donald Trump’s decision to fire FBI Director James Comey isn’t going to save President Trump form the scandal associated with the Russians and their possible involvement in the results of the latest U.S. presidential election.
 

 

Donald Trump is said to be known for being bad at history. For example, not so long ago he made a big mistake when talking about the reasons for the civil war in the USA. It seems like he is also unaware of the Watergate results.
Publication date: 25 May 08:35 AM

Experts Don’t Believe That OPEC Will Push Oil Prices Higher

The average price of crude oil is still around 45 dollars per barrel. Some experts believe that no further production cuts will managed to change the situation and make the prices reach new local highs.

Publication date: 24 May 10:00 AM

OPEC-Russia Deal Hits Russian Oil Companies

Since Russian oil companies had to cut down on their daily oil production as the result of the so-called Vienna Accord signed in November 2016 by the OPEC and some non-OPEC producers led by Russia, those companies eventually lost a lot of profit, even though the production cuts seem to have had positive impact on the Russian budget. Apparently, the agreement was designed to reduce the oversupply and make oil prices grow to let the exporters gain more money as the result of higher oil prices in the global market.

 

 
Publication date: 22 May 05:06 AM

OPEC’s Unlikely to Make Further Oil Production Cuts, Expert Says

According to Vladimir Milov, President of the Russian Institute of Energy Politics, OPEC members and their partners have failed to trigger higher oil prices by cutting their daily oil production. At the same time, he believes that the cartel is not ready to implement further production cuts.
 
Publication date: 22 May 03:56 AM

Russia and Saudi Arabia Share Standpoint on Oil Prices

It’s not a secret that Russia and Saudi Arabia have the opposite standpoints on most of the issues on the geopolitical agenda, including the war in Syria and relations with Iran and the United States. The only thing they actually share is the necessity to back higher oil prices as soon as possible, Masterforex-V Academy experts say. Well, there is nothing to be surprised about when it comes to oil prices since both are the world’s major oil producers and exporters.

 

 
Publication date: 22 May 01:36 AM

Why Is Russian Political Elite Concerned About Macron’s Victory?

According to Russian journalist and writer Sergei Leskov, if the Kremlin lacks courage and wisdom to see Macron’s victory as a sign of changes dictated by time, they will have to face serious challenges further down the road. For now, high-ranking Russian politicians are said to be leaving fairly diplomatic comments about the fact that Emmanuel Macron has won the presidential election in France and is now President Elect.

 

 

 

Publication date: 19 May 04:29 AM