EMerging Equity
Oil Price Crash
Market Meltdown Means More Pain For Oil-Producing Economies
By Zachary Fillingham Supply-side downward price pressure has been the story of global energy prices over the past year: newfound supply from the Shale Revolution, OPEC’s gambit of market-share grabbing inundation, and new supply coming online from Iraq and soon Iran. The result was a plunge in oil prices from $115 in mid-June 2014 to below … Continue reading
Mohamed El-Erian: Oil’s New Normal
By Mohamed A. El-Erian Oil prices have been heading south again, with a barrel of US crude recently falling below $42 – the lowest level since March 2009, the nadir of the global financial crisis. And, while last year’s sharp price drop was heavily influenced by two large supply shocks, the current decline also has an … Continue reading
The Military Gambit Behind Putin’s Arctic Ambitions For Russian Oil
By James Henderson The United States Geological Survey has estimated that the Arctic regions contain around 130 billion barrels of liquids and 47 trillion cubic metres of gas, equivalent to 22% of the world’s undiscovered hydrocarbon resources. It is hardly surprising then that all the countries whose coasts encircle the region, the US, Canada, Greenland, Norway … Continue reading
Sanctions Could Cost Russia 9% Of Its Economic Growth, IMF Says
By IMF Russia’s economy is expected to contract by 3.4 percent in 2015, although growth should return in 2016. Medium-term growth prospects are modest due to slow progress in implementing structural reforms, according to the IMF’s latest economic health check. The dual external shock of lower oil prices and geopolitical tensions are key factors exerting … Continue reading
Latin American Currencies In ‘Eye Of Storm’, Could Fall 10% In Coming Weeks, SocGen Warns
Latin American currencies are in the ‘eye of the storm’ as currencies of Brazil, Mexico, and Chile could fall as much as 10 percent in the next few weeks amid tumbling commodity prices, growth concerns in China, renewed Fed fears, and a deterioration of domestic fundamentals, Societe Generale (SocGen) said in a bearish report published on Tuesday. SocGen is advising … Continue reading
UAE Hikes Gas Prices By 24% As It Halts Subsidies Amid Oil Bear Market
The United Arab Emirates (UAE), the second-largest Arab economy and OPEC’s third largest oil producer, will hike unleaded gasoline prices by 24 percent in August as it becomes the first country in the oil-rich Persian Gulf to remove subsidies, the UAE’s official WAM news agency reported on Tuesday. Drivers in the UAE will now pay 2.14 dirhams per liter … 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
Commodities Collapsed Just Before The Last Stock Market Crash – So Guess What Is Happening Right Now?
By Michael Snyder If we were going to see a stock market crash in the United States in the fall of 2015 (to use a hypothetical example), we would expect to see commodity prices begin to crash a few months ahead of time. This is precisely what happened just before the great financial crisis of … Continue reading
Four Signs That Indicate A Deflationary Financial Collapse Is Imminent
By Michael Snyder When financial markets crash, they do not do so in a vacuum. There are always patterns, signs and indicators that tell us that something is about to happen. In this article, I am going to share with you four patterns that are happening right now that also happened just prior to the … Continue reading
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