Tatneft' imeni V.D. Shashina OAO (ADR)
Russian banks try to recapitalize due to low international reserves
The Bank of Russia has been digging into reserves in an attempt to defend the depreciating currency. These reserves shrunk by about 20% this year.
Energy Export Dependency Hurt the Russian Economy
The Russian economy is dependent on oil and gas exports. Because of this, looking at terms of trade for Russia is important.
Russian Consumer Confidence Is on the Rise
Several macroeconomic indicators are suggesting that the Russian (RSX) economy is improving.
Where Is Russia Headed? The World Bank Has Made Its Prediction
According to the World Bank’s baseline projections, Russia’s economy will remain in recession through 2016.
How the Weak Ruble Is Affecting Russian Oil Companies’ Cash Flows
Lukoil’s free cash flow has gone up by 372% in 4Q15 compared to 4Q14 in ruble terms.
Why Has the Stronger Dollar Affected Russian Oil Giants?
Cash reserves for Lukoil (LUKOY), the second-largest oil-producing company based in Russia (RSX)(ERUS), went up by 372% in 4Q15 compared to 4Q14.
The Russian Economy Has Been Hurt by Crude, Economic Sanctions
The Russian economy remained in recession after having declined by 3.8% in 4Q15 from a year ago. The figure was released by Russia’s Federal Statistics Service.
Why Russia’s Plans to Raise Crude Prices Might Have Failed
Russia plans to raise crude prices by boosting confidence among investors and capping the production at January 2016 levels may not succeed.
Is Syria or Something Else Bothering Top Oil Exporters?
Russian officials indicated a possible crude oil production cut meeting with OPEC. However, there hasn’t been an official response from OPEC.
Why Does the Conflict in Syria Affect Russia so Much?
Russia’s energy exports have been hurt by falling crude oil prices. Meanwhile, Saudi Arabia has become engaged in a price war with US shale oil producers.
Why China’s Trade Deal with Iran May Hurt Russian Energy Exports
Per the EIA, in 2013, crude oil constituted 68% of Russia’s total exports and 16.4% of its GDP. Also, Europe (FEZ) and Asia account for a significant portion of Russia’s crude oil and natural gas exports.
Fiscal Break-Even Cost for the Top Oil-Dependent Economies
In its recent outlook, OPEC stated that crude may not reach $95 by 2040. The fiscal break-even cost for different OPEC countries is more than $70 per barrel.
Are the BRICS Nations Standing on a Shaky Foundation?
Among the BRICS, the most concerning at this point in time is China. The world’s second largest economy is slowing down and undergoing a structural shift.
Constant Turmoil: Analyzing Geopolitical Tensions in Turkey
Gazprom PAO is closely related to the geopolitical tensions in Turkey. Instability in Turkey raises questions about the gas pipeline from the Middle East.
Russia’s Growing Influence in the Middle East—and How It’s Sitting with Saudi Arabia
With Russia involved in Syria, Assad’s war against rebel groups and ISIS has intensified. This directly impacts Saudi Arabia’s financing in the war.
Saudi Arabia May Not Want Sanctions on Iran to Be Lifted
Saudi Arabia’s direct oil export through the sea is possible in two ways, one is through Bab el-Mandeb, and the other runs parallel to Iranian water boundaries.
Yemen Could Be a Pivotal Point for Crude Oil in 2016
Yemen has been destabilized by Houthis fighters. Iran supports the fighters on religious and political grounds. Yemen is a small oil-producing country.
OPEC Members Are Facing High Fiscal Deficits
OPEC stated that crude may not reach $95 by 2040. The fiscal break-even cost of different OPEC countries lies around more than $70 per barrel.
Russia Could Eye Yemen in 2016, Might Spur Oil
The price war made life difficult for Russian energy companies and Russia’s economy at large. Asia and Europe are two important markets for Russia.
What Could Impact the Eurozone’s Economy in 2016?
Russia’s growing differences with NATO could impact Europe’s economy. Russian energy exports meet most of the EU’s energy requirements.
How Rising Inflation Is Affecting the Russian Economy
Like Brazil (EWZ), Russia (RUSL) (ERUS) is also struggling with high inflationary pressure. For the September quarter, Russian GDP (gross domestic product) fell 0.57%.
Russia and Saudi Arabia Play Hide and Seek in Syria
Russia’s presence in Syria is a threat to Saudi Arabia. There’s already cut-throat competition in the crude oil market. This increases the geopolitical tension.
Nord Stream Pipeline: A Russian Gas Pipeline to Europe
The EU (European Union) mainly depends on imports to meet its need for gas. Europe imports a significant amount of gas from Russia.
Iran Could Supply Natural Gas to Europe and Asia
Geographically, Iran is between the European and Asian gas markets. Iran could be a potential supplier to China through Pakistan and India (INDY).
Understanding the Gas Pipeline from Russia to Europe
Europe is a lucrative market for Russian gas manufacturer Gazprom Pao, as it derives more than 50% of its revenue from overseas.
Why Is Indonesia Important as a Net Importer of Oil for OPEC?
Indonesia is looking for a long-term strategic alliance to support the demand of crude oil for its economy. Since 2003, Indonesia has been a net importer of oil.