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Wednesday, January 17, 2018

Oil prices are rising because of the hurricane and the devaluation


Photo: Nikolay Gyngazov/Global Look Rgege next year minimum wage (the minimum wage) should be compared with the cost of living. The job has given Vladimir Putin. The state Duma has promised to enact as soon as possible. Thus, the minimum wage equal to the subsistence minimum for the first time, although it has declared in recent years. Will this help in the fight against poverty? Details…

  • The price of oil fell slightly
  • Turkey made the first payment for the s-400
  • The Ministry of Finance announced the placement of the third tranche of the national bonds

Go to a section…”Sevastopol should become the southern capital”Photo: Vasily Batanov/RIA “news”,”If you spend time on the constant scandals, public discussion, and to care in other planes other than work, then you have nothing useful happens” – said the newspaper VIEW, the newly elected Governor of Sevastopol Dmitry Ovsyannikov. In particular, he commented on the subject of previous disagreements with the team of his predecessor Alexey Chaly. Details…

  • Erdogan has denied information about a secret meeting with Assad
  • Crimean authorities estimated the non-recognition of elections by the European Union
  • The EU does not recognize elections in Crimea

Go to a section…”Local residents have been warned that it was going to Maclay Fourth”Photo: John Oxley Library, State Library of Queensland”Maclay they remember and love, for the North-Eastern part of New Guinea it is almost a national hero. It should be used”, – said the newspaper VIEW, descendant of the legendary Russian traveller, speaking of the purpose of a new expedition to the Papuans is a unique for the Russian science and public diplomacy. Details…

  • The Russian 11356 frigates for India will receive the Ukrainian engines
  • VTSIOM has studied the opinion of Russians about the United educational space
  • Kozhin said the increased demand for missiles “Caliber” after testing in Syria

Go to a section…the United States remained a gap, a critically vulnerable to nuclear attackPhoto: Workman/WikipediaРассуждающие about the prospect of nuclear war between the US and the DPRK think in terms of a missile strike, the benefit is for the missiles, Pyongyang has bet. Meanwhile, it is obvious that such an attack is impossible. But it is theoretically possible the other is also nuclear and so devastating that America after he did not recover for a very long time. Details…

  • Hungary has complained of Ukraine to the UN, OSCE and EU Commissioner
  • The Syrian opposition has officially confirmed the participation in the talks in Astana
  • Media: China is violating the laws of physics engine

Go to a section…”Arrow from Ivanteevka” was inspired by the American experiencePhoto: from the personal pages vk.com the alleged shooter”Ivanteevka is a very beautiful, prosperous city with good, proper social environment. We need to understand what pushed a young man to such actions,” – said the newspaper VIEW Duma Deputy from the Moscow region Sergei Zhigarev. A student opened fire in class, according to classmates, was different unsociable disposition, however, he did not hide his intentions, no one took the example. Details…

  • The shooting happened in the area of three stations in Moscow
  • Vandals damaged a number of facilities in the new Park “Zaryadye”
  • On the fact of robbery of the graduate of “factory of stars” opened a case

Go to a section…

Alexei Mukhin: regional elections in 2017. The results

It turned out that in Moscow the part of the opposition is still gaining a number of municipal mandates. “Apple” will even call it their victory. However, it became clear that Yabloko “took a bite” these mandates are not the “United Russia”.
Details…

Alexei Kolobrodov: Paradoxes Andropov

Yuri Andropov – the most mysterious of the country’s leaders in the twentieth century – a figure no less relevant than Vladimir Lenin and Joseph Stalin. The scale, of course, less, but we live in the country today, are largely modeled to them.
Details…Discussion: 23 comments

Andrei Babitsky: On the way Saakashvili may stand only nationalists like Yarosh

Even yesterday, bringing terror to the population of Ukraine, the security Service, which ruthlessly cracked down on dissidents, does not know compassion, uses torture and extrajudicial executions, turned out to be a broken tool.
MoreDiscussion: 37 comments

    Go to a section…

    Online marathon “election Night – 2017”

    Discussion: 7 comments

    Putin held a plenary meeting of the Eastern economic forum

    Putin held an open lesson “Russia looking into the future”

    Discussion: 9 comments

      Go to a section…

      Defined “Miss America – 2018”

      For the first time in the history of the contest “Miss America” winner was the representative of North Dakota. 23-year-old Kara Mundu is the USA champion, and six years ago was marked by Obama for his merits in the field of philanthropy. Local media and bloggers, however, the winner dubbed the “fatty”Details…Discussion: 12 comments

      “Irma” flooded Miami

      The popular American resort of Miami in Southeast Florida, like many other cities of the coast of the Atlantic ocean, was almost flooded after a hurricane swept “Irma”. Only in the de-energized state of 3 million buildings evacuated nearly 6.5 million of itemattribute…

      Musk first showed SpaceX space suit in full growth

      Elon Musk in his blog posted photos of the new SpaceX space suit in full growth. Prior to that, he showed the helmet and upper part of the protective space suit. The man in the suit standing on the background of the ship Crew DragonПодробности…Discussion: 9 comments

        Go to a section…For whom do you support in the conflict between Saakashvili and Poroshenko?

        • I wish you success Saakashvili
        • I wish success to Poroshenko

        Alexey Chaly invited to make a Patriotic Sevastopol the capital of Russia. How do you feel about this idea?

        • Support
        • Patriotic capital should be another city
        • Patriotic do not need the capital

        Ramzan Kadyrov has expressed its disagreement with Russia’s position regarding Myanmar. Is it acceptable that the head of the Russian region publicly challenged the country’s foreign policy (which is not true to his official authority)?

        • Yes, a politician can always defend its position publicly
        • No, in this case, it’s insubordination
        • All depends on the personality of the head region

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          News of the HOUR:Turkey made the first payment for the s-400

          Missiles “Caliber” increased demand for robelplast of Crimea assessed the non-recognition of elections Evrosoyuzovskih metro station “Komsomol” in Moscow there was stralberg exceeded US $ 20 trillion dellarovere outlined the condition for lifting the sanctions against Asciimation responded to the accusations Lavrov “dzhebhat an-Nusra”Britain convened a meeting of the UN security Council on the situation in Manmademoon were in the “Peacemaker”Became known, the value of the gift Putin the inhabitant of Izhevsk trips to Sociable welcomed the talks between Russia and Germany on the security of SMM on Ukrainerussia 11356 frigates for India will get digitalmaverick Ukrainian President Herman Klimenko returned to Facebook

          The main theme

          The United States was breached, critically vulnerable to nuclear attack

          “walking intelligence”

          The Russian Embassy in the US said about bullying of the state Department

          support for Ukraine

          The EU does not recognize elections in Crimea

          the ban on the native language

          Hungary has complained of Ukraine to the UN, OSCE and EU Commissioner

          response

          Became known the plans for new restrictions on American diplomats in Russia

          “with the same tenacity”

          Poroshenko hoped for a breakthrough Saakashvili across the border of Georgia

          90 seconds

          The defense Ministry released a video of the crew of tank T-90

          incorrect analogy

          Alternative comparison of the Crimea with the GDR is unlikely to appeal to Merkel

          “the fatal error of Napoleon,”

          The historian spoke about the myths surrounding the battle of Borodino

          Breakthrough Saakashvili

          Andrei Babitsky: In the boat of Ukrainian statehood punched a huge hole

          the supply of American weapons

          Denis Seleznev: in fact, the “issue price” for Ukraine announced

          “Another September 11”

          Dmitry Drobnicki: whether the “Chilean miracle” and is the author of Augusto Pinochet?

          in your opinion

          For whom do you support in the conflict between Saakashvili and Poroshenko?

          The signature trump leads to the weakening subscene of oil are rising because of the hurricane and the devaluation

          Oil prices following the steep decline again began to gain momentum – that is clearly to wait for the reaction of the ruble. Your forecast concerning the prices for key energy source in the next year and gave Igor Sechin. What is the current growth and what do you think analysts are relatively pessimistic Igor Sechin?

          Oil rises after a significant price reduction last week. The November futures for Brent crude rose to 8.15 MSK to 54 dollars per barrel, to hold above failed to 14.35 oil is 53,59 dollar.

          The head of the largest Russian oil company Rosneft Igor Sechin prepares next year to the price of oil is 40-43 per barrel, that is, waiting for the fall in oil prices by almost a third. Recently, Sechin asked the question that now has more influence on the oil market, the deal with OPEC or the devaluation of the dollar. “The Americans are using the devaluation of the dollar support their shale producers. I believe that it is not affected by the deal with OPEC, and the devaluation of the dollar,” – said Sechin. It made doubt and will support the extension of the agreement with OPEC Russia – or the producers – exporters of oil will decide that this is meaningless.

          The growth of oil on Monday due to several factors. First, slower-than-expected opening of US oil refining capacity was halted because of the hurricane “Harvey”. According to expert estimates, about 6% of refining capacity in the United States remain closed.

          Secondly, last week the oil market fell due to fears of reduction of demand for petroleum products in the United States as a result of hurricane “Irma”. However, there is information about the weakening of the force of the hurricane that hit Florida on Sunday, which also supported the oil on Monday.

          However, it is not only a natural disaster. “Hurricanes in the United States are only apparent reason for the increase in oil prices. In fact, the reaction of oil prices on reports of the injuries does not always lead to their growth. Investors trying to gauge what positive and important for the oil market – temporary suspension of mining and processing of oil or the risks of activation of deferred demand. The fundamental reasons for the growth of two now – weakening dollar and global economic growth, which brings the balance of supply and demand in the market”, – considers the head of analytical Department of Bank “Zenith” Vladimir Evstifeev.

          You can never rely on just one factor when talking about the price of this strategic commodity, like oil, agrees the managing Director of “Nord Capital” Michael Khans.

          The devaluation of the dollar does affect oil prices. “Despite the fact that oil and the dollar is a significant part of the year lived each by itself, yet without the weakness of the American currency oil would be much lower. The U.S. dollar weakened by 13% from their peak values in January and without this weakening, the oil price would 46,50 per barrel of Brent against the current 53,50 dollar, if you make a simple adjustment for exchange rate fluctuations. But often the fall of the dollar by 1% causes a two to threefold increase in commodity markets growth of demand for risky assets”, says financial analyst FxPro Alexander Kuptsikevich.

          But in addition to the dollar and the decisions of the fed to raise rates, the impact of oil now have also the forecasts of the world economy from the IMF and the world Bank, said Michael Khan. Their projections are encouraging: they expect growth in the range of 0.5–1%. Also interesting data on quarterly U.S. GDP, China and Eurozone, which affect short-term price changes.

          Technically, the price of Brent crude oil reached $ 55 a barrel, but with the move to this level could not be overcome, the next strong resistance zone 57-58, says Khan.

          But the forecast Sechin of oil in 2018 economists believe modest. Alexander kuptsikevich believes that you can not fear to expect in 2018, the price of oil in the region of $ 50. Michael Khans risk to assume that for the holidays we will go with the cost of 48-50 dollars per barrel. But next year he waits for the outflow of the liquidity from the market, the fed’s policy tightening and, as a consequence, the growth of the dollar and lower oil prices. “The range of 43 to 48 dollars per barrel for the first six months of 2018, it seems to me a compromise between sellers and buyers. With one “but”. It is the unpredictability of trump, who may at any time to make adjustments in the financial policy of the United States and geopolitics”, – says Mikhail Khans.

          Of course, the oil market depends on a whole list of factors, however, while the set of drivers suggests that the reasons go beyond the boundaries of the medium of highs and lows for the price of a barrel 44-57 dollars – no, says Evstifeev.

          “Right now

          the oil market has all the chances to hold above $ 50 per barrel of North sea oil. The dollar could continue to weaken,

          due to the soft rhetoric of the fed and the growing confidence the European Central Bank amid improving economic indicators in the Eurozone. In addition, OPEC has another ACE in the hole – the inclusion in the agreement to freeze production levels of the countries within the cartel that was exempted from participation because of recovery of previous historical production levels”, – the expert concludes.

          As for the ruble, this week it is possible a new wave of strengthening of the Russian currency to 56.8–57 rubles per dollar, whereas by the end of the year, the ruble may again weaken to 60-61.

          source

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