Climate activists who won against Western majors have some supporters in the oil capitals of Saudi Arabia, Abu Dhabi, and Russia. Notably, defeats in the courtroom and boardroom mean Royal Dutch Shell, Chevron and ExxonMobil are all under pressure to cut carbon emissions faster. This is good news for Saudi Arabia’s national oil firm Saudi …
Shell Dutch ruling is beneficial for OPEC and Russia Read More »
The Russian rouble climbed to a two-week high on Wednesday after a phone call between U.S. President Joe Biden and his Russian counterpart Vladimir Putin helped to address fears of imminent new sanctions. At 09:03 GMT the Russian currency gained 0.4% to 75.63 against the dollar after reaching 75.4525, its best result since March 31. …
Russian Rouble Benefited from a Biden-Putin Phone Call Read More »
It is a good day for the Russian rouble, as it recovered from its lowest point so far this year. However, rouble-denominated treasury bonds levitated near a one-year low as the market prepared for the imminent U.S. sanctions against Russia. As a reminder, Russian assets have under pressure since last week. People should keep in …
Russian Rouble Recovered from its Weakest Level in 2021 Read More »
OPEC and its non-OPEC allies, an energy group sometimes related to OPEC+, will meet via videoconference to strike a consensus over how to maintain supply to the market. The group last year admitted to reducing the quantity of oil it produces to prop up oil prices as severe public health measures matched with an original …
Saudi And Russia Disagree Once Again On Oil Supply Read More »
The U.S. dollar is the world’s reserve currency. It makes sense as about 60% of foreign exchange reserves are held in U.S. dollars. Thus, it is likely to remain the main currency at least for the foreseeable future. Moreover, it is easier for the U.S. to run higher trade deficits with a greatly postponed economic …
U.S. Dollar Jumped Against the Commodity Currencies Read More »
Russia has the potential to develop the cryptocurrency industry, but it won’t be easy to overcome all challenges. Interestingly, Russian lawmakers are actively preparing new legislation for taxing cryptocurrencies like Bitcoin. Based on the information provided by the Russian State Duma, the Duma’s Committee on State Building and Legislation approved a bill on cryptocurrency taxation …
Russian Lawmakers, Cryptocurrency, and Federal Tax Code Read More »
The agricultural commodity fell, notwithstanding the Russian government announced its intention to increase its export tax on wheat for a second time. This is important news for the grains market. Russia is one of the leading suppliers of wheat, and US production is projected to tighten in the following months. Can wheat quickly test the …
Wheat Drops Notwithstanding Russia Increasing Export Tax Read More »
Cryptocurrencies gained popularity around the world and the Russian Federation is not an exception. Interestingly, the Russian government is expecting to issue more crypto in the local market this year. It is worth noting that, the State Duma’s Committee on Financial Markets forecasts Russian crypto issuance to increase after the adoption of the country’s new …
Saudi Arabia allowed a deliberate reduction of 1 million barrels per day in February and March to balance an improvement in output from Russia and Kazakhstan. The development will be comparatively mild — 75,000 BPD in February from both countries joined and added by 75,000 BPD in March. Market analysts are disputing, though, whether …
CRUDE OIL SOAR AFTER SAUDI ARABIA SETTLEMENT WITH RUSSIA Read More »
Recently, Russia’s second-largest bank VTB Bank piloted a new blockchain-based system to issue bank guarantees. It is worth mentioning that, VTB Bank provided a blockchain-enabled bank guarantee to the country’s largest mobile cellular network provider MTS. People should take into account that, the bank issued MTS a guarantee for the fulfillment of payment obligations worth …
Russia’s Second-Largest Bank and a Blockchain-Based System Read More »
Russian Federation has a huge potential when it comes to cryptocurrencies, but there are certain challenges as well. Interestingly, Russia became the latest country to officially require its government officials to report their cryptocurrency holdings. It is worth noting that President Vladimir Putin signed a decree. Let’s have a look at this document. According to …
Russian Officials, Crypto Investments, and Legal Aspects Read More »
Alfa-Bank is one of the largest private banks in the Russian Federation and this fact once more underlines the strength of this bank. The bank made an interesting announcement on December 1. According to the announcement, Alfa-Bank will use blockchain-based applications to automate services for freelancers as well as well-employed workers. It is worth mentioning …
Russia’s One of Largest Banks and a Blockchain Platform Read More »
One of the largest private banks in the Russian Federation made an important decision, by joining a blockchain trade finance network backed by HSBC. According to the official announcement, Alfa-Bank became a member of Contour. It is a blockchain platform connecting famous financial institutions, like HSBC, ING, and Citi. It is worth mentioning that Alfa-Bank …
Russian Private Bank and a Blockchain Trade Finance Network Read More »
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. USDRUB The bears are in full control of the crude oil this week. This will be the main driver of the pair’s bearish track in the near-term as the coronavirus continues to take over …
Daily Market Charts and Analysis November 02, 2020 Read More »
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. EURHUF The eurozone’s economic calendar going to be busy today. October unemployment figures and prelim inflation figures are due for Spain and Germany. But the main catalyst for today’s trading will be the European …
Daily Market Charts and Analysis October 29, 2020 Read More »
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