FSUOGM - Former Soviet Union Oil & Gas
Gazprom Neft, Rosneft launch new oilfield
ING: Russia bracing for oil shock: initial thoughts
The Russian market is facing volatility, with large fiscal reserves and high real rates coming back into investors' focus, but only after the oil- and corona-related dust settles.
Uzbekistan reduces imports of crude oil by 59.7% in 2019
Kazakh gas supplier Kaztransgas holds talks with PetroChina following force majeure notice
Oil price shock sparks rapid revision of budget in Kazakhstan
Country’s budget based on oil at $50-$55 per barrel compared to $31 caused by failure of OPEC+ talks. Situation could eat up government reserves. Some Kazakhs enter into panic buying of dollars. Central bank hikes key rate 275bp.
Ukraine's JKX sheds oil assets in Hungary
The ruble's value tumbles in Russia's game of geopolitical chicken
The value of the Russia ruble plummeted in the evening of March 8 as trading began, following the price of oil into the chasm created by an oil price war that has broken out between Russia and Saudi Arabia.
Russia introduces new tax relief for oil producers
Nord Stream 2 pipelaying vessel bound for Egypt
OPEC+ talks with Russia collapse, oil prices tank
Talks between OPEC and Russia on a new production cut collapsed on March 6, sending oil prices tumbling to under $50. The Kremlin says it is “comfortable” with the current price and has started a price war designed to undermine the US.
MACRO ADVISOR: Oil War: Who will blink first?
When Russia refused to back Saudi Arabia’s proposal for a deeper oil production cut in Vienna on March 6, it effectively fired the first shot in what looks like being an expensive and prolonged oil price war.
ING: The OPEC+ break-up: It’s not you, it’s me
OPEC+ knew they had to surprise the market, and that is what they did. Although the surprise was failing to come to a deal, rather than cutting more than expected. $30 oil here we come...
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