EMerging Equity
Falling Oil Prices
Russia Feeling The Pinch of Cheaper Oil, Sanctions
Russia is now likely in recession with GDP growth expected to decline 3.4 percent this year, says the IMF in its annual economic assessment. Mission Chief Ernesto Ramirez Rigo, explains how Russia’s economic woes are largely due to the dramatic drop in oil prices, and sanctions in response to developments in Crimea and Ukraine. Ernesto … Continue reading
Saudi Arabia To Raise $27 Billion In Bonds Trying To Balance The Budget Due To Decline In Oil Prices
Saudi Arabia plans to raise $27 billion on the bond market by the end of 2015, according to the Financial Times. The country needs a $106 per barrel crude price to balance the budget. The bond sale is an attempt to mitigate the 47 percent decline in oil. Riyadh is planning to issue $5.3 billion in bonds … Continue reading
Russia Overtakes U.S. And China In Manufacturing Competitiveness Amid Cheaper Oil, Ruble: BCG
Russia has overtaken the United States and China in terms of manufacturing competitiveness helped by a fall in oil prices and the country’s currency, according to a report by the Boston Consulting Group (BCG). The report from BCG evaluates the competitiveness of the world’s top 25 export economies, which account for nearly 90 percent of world exports … Continue reading
Plummeting Oil Prices: Factors Pushing Them Further Down
A recent surge in the price of oil is simply a “head-fake,” and oil as cheap as $20 a barrel could be around the corner in 2015, according to report from Citigroup that was released on Monday, February 9th. In Citigroup’s report, Edward Morse – the firm’s global head of commodity research – said that … Continue reading
OPEC Oil Revenues To Fall By 46 Percent In 2015: EIA
The net oil export revenues of OPEC are expected to fall in 2015 due to falling oil prices and lower oil exports, said the U.S.’ Energy Information Administration on Wednesday. The U.S. agency projects that the net oil export revenues of OPEC are to fall to $446 billion in 2015, which is 46 percent below … Continue reading
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