September 3, 2020
by Admin
Recently returned from a two-year stint in Hong Kong, I am currently contributing to various publications, including this one, and recently launched my own podcast called the Contrarian Investor. Saudi Arabia has more reserves. But Moscow can live with $25 to $30 per barrel oil for six to 10 years. Whatever the reasons for the impasse, “I don’t think it’s leading to any constructive outcome” for either country, he said. Nos partenaires et nous-mêmes stockerons et/ou utiliserons des informations concernant votre appareil, par l’intermédiaire de cookies et de technologies similaires, afin d’afficher des annonces et des contenus personnalisés, de mesurer les audiences et les contenus, d’obtenir des informations sur les audiences et à des fins de développement de produit. The kingdom can only afford oil to go as low as $30 per barrel and would have to sell more reserves, according to a Reuters article that cited sources familiar with the matter. Russian President Vladimir Putin (L) meets with Saudi Arabia's Crown Prince Mohammed bin Salman in ... [+] Riyadh, Saudi Arabia, on October 14, 2019. Born in Russia, he moved to the U.S. to study political risk and conflict resolution, with a focus on the Middle East. NO ONE KNEW exactly what deal would emerge from Vienna, but an accord seemed certain. Informations sur votre appareil et sur votre connexion Internet, y compris votre adresse IP, Navigation et recherche lors de l’utilisation des sites Web et applications Verizon Media. Russia has been expanding its budget after years of austerity but its economy was seen as strong enough to tolerate lower oil prices. Russia and Saudi Arabia should reach an agreement to cut output “within two weeks,” so by about March 23, he said. Saudi King Salman greets Russia's visiting President Putin (AFP Photo/Alexander Zemlianichenko) Riyadh (AFP) - Russian President Vladimir Putin signed a key deal Monday with Saudi Arabia during a key visit for an OPEC+ grouping … You may opt-out by. (Photo by Alexey NIKOLSKY / SPUTNIK / AFP) (Photo by ALEXEY NIKOLSKY/SPUTNIK/AFP via Getty Images). Over the past two decades I have written and edited various business and financial trade publications for Bloomberg News, The, I am a New York-based financial writer. Kirill Zadov, a political analyst at RUSA Radio, joined the Contrarian Investor Podcast this week for a special edition episode focused on the sell-off in oil markets. We’ve already seen where such a standoff can lead. Pour autoriser Verizon Media et nos partenaires à traiter vos données personnelles, sélectionnez 'J'accepte' ou 'Gérer les paramètres' pour obtenir plus d’informations et pour gérer vos choix. Its tagline is “giving voice to those who challenge the prevailing narrative in global financial markets.”, © 2020 Forbes Media LLC. Riyadh, Saudi Arabia, on October 14, 2019. I am a New York-based financial writer. Russia is in a worse position than Saudi Arabia to deal with lower oil prices, according to Zadov. Vous pouvez modifier vos choix à tout moment dans vos paramètres de vie privée. 1 / 4. “The budget is not in bad condition right now, so they need extra income. That’s probably why Russia said no” to Saudi Arabia’s proposal, according to Zadov. Otherwise they’re going to destroy each other’s economy.”. Zadov is a host at RUSA Radio, the largest English-language Russian radio station in North America. “As soon as possible they’ve got to come to terms and agree on something. Maria Panina and Aziz El Massassi, AFP • October 14, 2019. My focus has always been to find and interview the hedge fund managers, traders, and portfolio managers, who could locate and exploit niche investment opportunities. Russia is in a worse position than Saudi Arabia to deal with lower oil prices, according to Zadov. Opinions expressed by Forbes Contributors are their own. All Rights Reserved, This is a BETA experience. Russia is still under sanctions from the U.S. and Europe and its oil infrastructure is in need of investment. Over the past two decades I have written and edited various business and financial trade publications for Bloomberg News, The Deal, and Institutional Investor, among others. At the time of this writing, reports were of escalations in the price war, with Riyadh unveiling a plan to maximize oil output. (Photo by Alexey NIKOLSKY / SPUTNIK / AFP) (Photo by ALEXEY NIKOLSKY/SPUTNIK/AFP via Getty Images), Impact 50: Investors Seeking Profit — And Pushing For Change. The price of oil should not drop below about $25 per barrel in the interim. But over the long term, there would be a need for increased revenues. I've spent my career covering investing, hedge funds and economics. Prices have fallen by 50% this year and this morning dropped on this latest news, with futures trading in the $33 range. Early talks with Saudi Arabia centered on Russia cutting around 300,000 barrels per day, a number the Kremlin refused to meet. Zadov’s insights can only be seen as bullish for oil prices in the medium term. Russian President Vladimir Putin and Mohammed bin Salman, the crown prince of Saudi Arabia, have a “pretty good” relationship and “should come to terms” in “two weeks,” Zadov said on the podcast, recorded March 9. both in terms of oil and foreign currency, and a lower debt-to-GDP ratio. Découvrez comment nous utilisons vos informations dans notre Politique relative à la vie privée et notre Politique relative aux cookies. Fiscal concerns for Putin’s government is probably what led Russia to decline Saudi Arabia’s offer of production cuts, which have helped the U.S. shale industry at the expense of Russian national companies, Zadov said. Saudi King Salman greets Russia's visiting President Putin. Russia, Saudi Arabia seal key oil deal. Saudi Arabia and Russia don’t agree on how to approach faltering oil demand. Yahoo fait partie de Verizon Media. He is a frequent lecturer on these topics. Per day, a number the Kremlin refused to meet oil prices, according to zadov budget not!, on October 14, 2019 accord seemed certain host at RUSA Radio, the English-language. Re going to destroy each other ’ s insights can only be seen as strong enough to lower. Soon as possible they ’ ve got to come to terms and agree on to! Political risk and conflict resolution, with a focus on the Middle East in need of.... And its oil infrastructure is in a worse position than Saudi Arabia and Russia ’. 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