EMerging Equity
Brent Oil
Ruble Sinks To New Record Low As WTI Nears $44
The volatile ruble has hit a fresh low against the US dollar, trading at 69 per 1 USD after the Russian currency lost 2 percent of its value in opening trading hours in Moscow. Since the beginning of the year, the ruble has lost nearly 15 percent of its value, in tandem with plunging oil … Continue reading
Venezuela Has Lost 30% In FX Dollar Revenues Amid Fall In Oil Prices, Maduro Says
Venezuela has lost 30% of its foreign exchange revenue in dollars over the last month as a result of a “tremendous” drop in oil prices, Venezuelan President Nicolas Maduro said during a nationally televised address from Caracas on Thursday night, Bloomberg reports. The average oil-export price for Venezuela last week fell to $72.80 per barrel, the … Continue reading
THIS Could Change If Oil Slides 50% More
By Jodie Gunzberg Global Head of Commodities S&P Dow Jones Indices Now that brent broke the $80 mark, many are questioning whether a bottom has been reached. The combination of slowing Chinese demand growth and Saudi’s will to maintain market share make this an unlikely bottom, but it depends more on the supply growth than the … Continue reading
