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Showing posts from April, 2019

How can the US pump up oil prices?

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If the United States finally decides not to remove other countries from the Iranian oil sanctions, then the cost of raw materials can skyrocket up to $80 per barrel. Given the current action of additional geopolitical factors in the form of Venezuela and Libya, as well as the fundamental impact of OPEC+, in the summer on the oil market there can be a significant shortage of supply. Such a state of affairs, if all three geopolitical areas do not get de-escalation in the summer term, opens up the potential for an increase in oil prices to $80 or more. Nervousness in the oil market persists. According to experts, it is associated with signals of a weakening economic recovery in China and a deterioration in the prospects for the world economy as a whole. "Despite the fact that the oil market seems to have reached its bottom and is likely to go up, the likelihood of recessions remains, given the seasonal factors and risks associated with the dynamics of financial marke

If oil does not grow - Russia will become second Venezuela

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It's not a secret that the entire Russian economy depends primarily on the export of oil and gas. Moreover, in a certain way, it also largely depends on oil, because the price of natural gas is tied to its price. Meanwhile, from the officials of the Russian Federation, more and more comments are heard that Russia should not be afraid of falling oil prices. That is, government officials are trying to convince investors that a country completely dependent on hydrocarbons was able to get rid of this dependence. Looking ahead, we answer - no, but then in order. The another day, Finance Minister Anton Siluanov, while on a visit to Washington, said that if OPEC countries and Russia did not agree to extend the transaction to reduce oil production, and black gold again begins to fall in price, you should not worry, because Russia has enough reserves not to feel the serious impact of the next crisis. It makes sense to clarify that Russia is less satisfied with the

British losses from Brexit have already exceeded 100 billion euros

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Because of the upcoming Brexit, the British economy has lost approximately 87 billion pounds sterling since the referendum, which is about 101.4 billion euros. This is the conclusion reached by analysts of the American bank Goldman Sachs. According to the report, since June 2016, the United Kingdom has lost almost 700 million euros a week due to the decision of the British to leave the European Union. The UK has lost about 2.5% of its GDP due to Brexit. The bank noted that in recent days the likelihood that the UK will not leave the EU has increased significantly - from 35% to 40% In turn, the probability of no-deal Brexit analysts of the bank is estimated at 15%. In April 1, the British Parliament once again rejected all alternative versions of the Brexit agreement put to vote. If the British parliament fails to find a compromise on the Brexit issue in the near future, the UK will be forced to divorce the EU on April 12 according to a tough scenario

Gaming industry revenue by 2023 could reach $200 billion

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It took the gaming industry half a century to reach a turnover of $100 billion a year. The next line can be conquered much faster. This forecast came from experts from the research firm Digi-Capital. Against this forecast, a negative attitude on the part of some investors, which led to the rapid cheapening of the shares of leading gaming companies, as well as the expectation of a decline due to the change of generations of stationary consoles. Nevertheless, Digi-Capital still retains confidence in the positive dynamics thanks to a record amount of investments throughout the 2018th industry - $5.7 billion. The forecast authors believe that the lion’s share of video game revenue will continue to make mobile titles. Last year they brought in $ 70 billion (according to Digi-Capital estimates) and should reach the indicator of $100 billion in five years. Computer games will also play an important role. Here, the key factor is the development of "cloud" gaming. Althoug

EU will save cheap loans until the end of 2019

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The European Central Bank is ready to further delay the planned increase in its interest rates, at least until the end of 2019, as the deterioration in external demand in the eurozone has stabilized somewhat. The corresponding statement on March 27 was made by the ECB Chairman Mario Draghi. Just as the European Central Bank has already done at the March meeting, it will ensure that monetary policy continues to fit the state of the economy, adjusting the rates to reflect the new inflation forecast. The central bank also announced that from September 2019 to March 2021, they are planning a new round of long-term targeted loans for banks (the so-called TLTRO-III program), during which they will issue loans for a two-year maturity. This should push the growth of production and GDP. At the end of the March meeting, the ECB left the interest rate on loans at zero, on deposits - at minus 0.4%, and on margin loans - at 0.25% per annum. However, there is a doubt that Draghi

Venezuela as the trigger of oil prices

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Oil prices rose on Wednesday amid a new power outage in Venezuela. However, the dynamics was limited by persisting concerns about the prospects for a slowdown in global economic growth. WTI crude oil futures rose 0.2% to $ 60.04, while Brent crude gained 0.2% to $ 67.60. On Monday, Venezuela suffered from another "blackout." A power outage aggravated the crisis and undermined the position of President Nicolas Maduro, whom the United States and 50 other countries are trying to shift. US sanctions against Venezuela and Iran, combined with restrictive measures by OPEC, act as support factors for oil prices, which have grown by more than 25% this year. However, growing concerns about the effects of the global economic downturn and the uncertainty associated with the trade war and Brexit have restrained growth. But not the best forecasts for oil from news from China. On Wednesday, Beijing reported a drop in profits from industrial activities in the first