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Monday, 27 February 10:46 (GMT -05:00)



Stock and commodities markets

Kudrin Says Oil Will Cost Under $30/b Over the Next 20 Years


Former Russian Minister of Finance Mikhail Kudrin says that crude oil is going to see the period of ultra-low prices over the next 20 years. One of the most influential and respected Russian financiers specifies that crude oil is not going to cost more than $30 per barrel in the future.
 

 

 

 

Anton Siluanov, who is Mr. Kudrin’s successor, also shares this prediction. During the recent forum in Russia he underlined the importance of changing the budgetary rule that implies replenishing the reserve fund with the money gained from oil exports if the price is $40/b, not $50/b. For those of you who don’t know, the $50/b threshold was introduced back in April 2016. All the excessive profit gained from oil exports should be used to replenish the fund, which will sustain the fund and prevent the Russian Ruble from getting weaker against major currencies.
 

 

Mr. Siluanov believes that the safety cushion can be extended all the way up to 3 more years if handled properly and spend wisely. It’s important to note that if there are no changes made to the reserve funds, it will be exhausted in 2017 if spend at the current pace.  
 

 

 

You are free to discuss this article here:   forum for traders and investors

 

Text: Aleksandr Danilchenko
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OPEC Doesn't Like Russia's Pace of Oil Production Cut

As expected by international experts, the ambitious plan of cutting oil production by OPEC and other oil producers led by Russia are seeing some difficulties during the implementation phase. The OPEC is indicating slower-than-expected oil production cuts in 4 non-OPEC countries participating in the agreement.

 

 

 

Publication date: 19 February 11:29 PM

Mexico & US Cotton Trade Post-NAFTA - Dukascopy TV

2017 is a good year for Cotton farmers.

Louis Rose, President of Risk Analytics

Publication date: 15 February 06:29 AM

«A Trump Weak USD Good For Gold» - Dukascopy TV

Have fundamental drivers for gold changes since Donald Trump gained presidency?

Alasdair Macleod, Gold Money

Publication date: 15 February 06:25 AM

A Macro Insight to Moving Crude Prices - Dukascopy TV

Will Shell producers keep pumping oil?

Chris Kairinos, Rand Merchant Bank

Publication date: 15 February 06:22 AM

Economic Calendar by Dukascopy 15.02.2017

Wednesday, the 15th of February, is a busy day, so let's take a closer look with the Economic Calendar.
UK Labour Report for January is up first at 9:30 AM. The unemployment rate has stood at the same low level for the past 3 months, although it has had little effect on monetary policy.

Publication date: 15 February 06:17 AM

Economic Calendar by Dukascopy 14.02.2017

Tuesday brings plenty of high importance news releases, so let's take a closer look with the Economic Calendar.
The closely watched preliminary reading of German fourth quarter GDP is up first at 7. The third quarter data surprised on the downside, posting the weakest growth in 2 years.

Publication date: 14 February 08:00 AM

Could Canada Get Silicon Valley From Trumps H1B Visa Policy - Dukascopy TV

Policies that discourage immigration to the usa could be good for Canada if our policy makers take advantage of them.

USD/CAD Krishen Rangasamy, National Bank of Canada

Publication date: 13 February 10:21 AM

Economic Calendar by Dukascopy 13.02.2017

Hello traders, you're watching the Dukascopy Economic Calendar for Monday, the 13th of February.
The schedule actually starts on Sunday, as the closely watched preliminary fourth quarter Japanese GDP is out at 11:50 PM. The third quarter data came in stronger than expected, following a point 2% gain the previous quarter.

Publication date: 13 February 09:04 AM

Trump Tries To Strength Yuan - Dukascopy TV

President Trump will try to convince China to strengthen its currency, but they are already doing a lot.

Allan Von Mehren, Danske Bank

Publication date: 10 February 10:19 AM

Economic Calendar by Dukascopy 10.02.2017

Friday brings a number of known market movers, so let's take a closer look with the Economic Calendar.
Starting things off at 9:30 in the morning are two news releases regarding the UK economy in December, and Industrial Production is one of them. Output returned to growth in November, but the strong gain did come from several one-off factors and this release is expected to show a more modest increase.

Publication date: 10 February 08:02 AM