The role of Russia in the price anomaly in the oil market is revealed

Traditionally, the Russian Urals variety was several dollars behind the price of the Brent reference brand. But at the end of June the situation changed dramatically. The reason for the excess of Russian grade quotes over the value of the Brent reference brand is determined by three main factors. First, Russia, by agreement with OPEC +, significantly reduced the production of liquid hydrocarbons and brought production to a minimum since 2002. As a result, a deficit of high-sulfur raw materials was formed on the world energy market, so its cost began to increase sharply. Secondly, in connection with the new American sanctions against Venezuela, which hold almost two dozen tankers from this country at sea and do not allow delivering more than 18 million barrels of “black gold” to consumers, many importers increased fuel purchases from Russia, which provided an additional incentive for its rise in price. Thirdly, American shale producers, due to falling demand caused by the coronavirus pandemic, have reduced production by 2 million barrels per day since March and filled black gold storages to capacity. As a result, the cost of the Russian Urals variety exceeded $ 43; North Sea Brent quotes remained in the region of $ 40–41.

On the one hand, high prices for their own raw materials give Russia some advantage over other participants in the oil market, on which the rule applies: it is better to sell one barrel for $ 50 than two for $ 25. On the other hand, by reducing exports, our country is losing its position in the global black gold market. According to Reuters experts, the growth of Urals quotes is forcing owners of European refineries to reduce the purchase of Russian hydrocarbons in favor of alternative counterparts, including Brent or the American brand WTI, which are now competing in cost. If earlier traditional Urals buyers have repeatedly experienced a sharp rise in price for the Russian variety and tried to wait out the high prices, now it is more profitable for them to reconfigure the equipment for light fractions of “black gold” and save on future purchases of raw materials.

According to financial analyst of Finam Group of Companies Sergey Drozdov, at present the price situation of “black gold” is at a crossroads. On the one hand, as quarantine measures are lifted in the world, industry and transportation will come to life – therefore, demand for “black gold” will increase. On the other hand, many expect a second wave of coronavirus to hit, which again could plunge the economy into suspended animation. Accordingly, the prerequisites for the growth of Urals oil quotes depend on which scenario is being implemented.

However, it is not worth counting on the fact that in the future the price of Urals will please with prices exceeding world analogues. “Brent is a benchmark grade of quality oil that has been traded on the London Stock Exchange since the mid-1970s. The system of price coordinates is counted from it. Historically, the cost of Russian brands has always been 5-10% lower, ”explains the head of the Alpari IAC Alexander Razuvaev.

A decrease in production by US companies could have a positive effect on Urals – according to the US Department of Energy, a record reduction in the number of operating drilling rigs observed over the past four months threatens with a loss of up to a third of shale production, due to which Washington is trying to gain a leading position in world oil production. More than 15 largest raw material holdings of the country have reduced their budgets for the development of new deposits by an average of 50%. In the next two years, the United States expects an inevitable decline in production.

“Brent quotes before the end of the year can exceed the level of $ 50, although the cost of Urals will be slightly lower. The budget deficit in our country, calculated on the basis of oil prices in the region of $ 41–43, will be leveled. However, it will not be possible to completely avoid the loss of Russian GDP, which is estimated at 5-10%, ”Drozdov warns.

See also: Analysts predicted a rise in property prices after the second wave of coronavirus

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US President spoke about the reason for the exclusion of Russia from the G8

According to the head of the American state, Donald Trump, Washington insisted on the exclusion of Russia from the G8 due to the fact that Moscow outplayed the administration of its predecessor Barack Obama and his most likely presidential opponent Joseph Biden in foreign policy.

“She beat so hard that Obama wanted to expel her from the G8,” the White House owner’s Twitter post said.

He also said that the previous American administration was weak in everything, but especially in the Russian issue.

“No one behaved harsher with Russia than the Trump administration,” the American leader emphasized.

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Pompeo considered unacceptable the desire of China to consider the South China Sea an empire :: Politics :: RBC

US Secretary of State Mike Pompeo believes that China refers to the South China Sea as its “maritime empire.” He announced this on Twitter.

“China cannot be allowed to treat the South China Sea as its maritime empire,” Pompeo wrote.

According to the Secretary of State, the United States welcomes the position of ASEAN (Association of Southeast Asian Nations) leaders in resolving disputes over the South China Sea in accordance with international law.

China accuses U.S. ships of invading disputed islands

In June 2019, at the Shangri-La Dialog intergovernmental security forum in Singapore, Chinese Defense Minister Wei Fenhe said Beijing was opposed to Washington’s actions in the South China Sea.

As Wei Fenhe said, “some countries outside the region” enter the South China Sea “to build muscle in the name of freedom of navigation”. In addition, Beijing objects to Washington’s policy on the Taiwan issue, the minister said.

“No attempt to split China will succeed. Any interference with the Taiwan issue is doomed to failure, ”said Wei Fenhe, adding that China intends to“ fight to the end. ”

Pompeo expressed concern about the militarization of the PRC of the South China Sea

China leads territorial disputes with some Asian countries regarding the Paracel Islands, Spratly Islands and Scarborough Reef, located in the South China Sea. In addition to China, Vietnam, Taiwan, Malaysia, the Philippines and Brunei also claim the islands. The United States is not a party to the dispute, but does not recognize the territorial claims of China.

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Pompeo considered unacceptable the desire of China to consider the South China Sea an empire :: Politics :: RBC

US Secretary of State Mike Pompeo believes that China refers to the South China Sea as its “maritime empire.” He announced this on Twitter.

“China cannot be allowed to treat the South China Sea as its maritime empire,” Pompeo wrote.

According to the Secretary of State, the United States welcomes the position of ASEAN (Association of Southeast Asian Nations) leaders in resolving disputes over the South China Sea in accordance with international law.

China accuses U.S. ships of invading disputed islands

In June 2019, at the Shangri-La Dialog intergovernmental security forum in Singapore, Chinese Defense Minister Wei Fenhe said Beijing was opposed to Washington’s actions in the South China Sea.

As Wei Fenhe said, “some countries outside the region” enter the South China Sea “to build muscle in the name of freedom of navigation”. In addition, Beijing objects to Washington’s policy on the Taiwan issue, the minister said.

“No attempt to split China will succeed. Any interference with the Taiwan issue is doomed to failure, ”said Wei Fenhe, adding that China intends to“ fight to the end. ”

Pompeo expressed concern about the militarization of the PRC of the South China Sea

China leads territorial disputes with some Asian countries regarding the Paracel Islands, Spratly Islands and Scarborough Reef, located in the South China Sea. In addition to China, Vietnam, Taiwan, Malaysia, the Philippines and Brunei also claim the islands. The United States is not a party to the dispute, but does not recognize the territorial claims of China.

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Pompeo considered unacceptable the desire of China to consider the South China Sea an empire :: Politics :: RBC

US Secretary of State Mike Pompeo believes that China refers to the South China Sea as its “maritime empire.” He announced this on Twitter.

“China cannot be allowed to treat the South China Sea as its maritime empire,” Pompeo wrote.

According to the Secretary of State, the United States welcomes the position of ASEAN (Association of Southeast Asian Nations) leaders in resolving disputes over the South China Sea in accordance with international law.

China accuses U.S. ships of invading disputed islands

In June 2019, at the Shangri-La Dialog intergovernmental security forum in Singapore, Chinese Defense Minister Wei Fenhe said Beijing was opposed to Washington’s actions in the South China Sea.

As Wei Fenhe said, “some countries outside the region” enter the South China Sea “to build muscle in the name of freedom of navigation”. In addition, Beijing objects to Washington’s policy on the Taiwan issue, the minister said.

“No attempt to split China will succeed. Any interference with the Taiwan issue is doomed to failure, ”said Wei Fenhe, adding that China intends to“ fight to the end. ”

Pompeo expressed concern about the militarization of the PRC of the South China Sea

China leads territorial disputes with some Asian countries regarding the Paracel Islands, Spratly Islands and Scarborough Reef, located in the South China Sea. In addition to China, Vietnam, Taiwan, Malaysia, the Philippines and Brunei also claim the islands. The United States is not a party to the dispute, but does not recognize the territorial claims of China.

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Pompeo considered unacceptable the desire of China to consider the South China Sea an empire :: Politics :: RBC

US Secretary of State Mike Pompeo believes that China refers to the South China Sea as its “maritime empire.” He announced this on Twitter.

“China cannot be allowed to treat the South China Sea as its maritime empire,” Pompeo wrote.

According to the Secretary of State, the United States welcomes the position of ASEAN (Association of Southeast Asian Nations) leaders in resolving disputes over the South China Sea in accordance with international law.

China accuses U.S. ships of invading disputed islands

In June 2019, at the Shangri-La Dialog intergovernmental security forum in Singapore, Chinese Defense Minister Wei Fenhe said Beijing was opposed to Washington’s actions in the South China Sea.

As Wei Fenhe said, “some countries outside the region” enter the South China Sea “to build muscle in the name of freedom of navigation”. In addition, Beijing objects to Washington’s policy on the Taiwan issue, the minister said.

“No attempt to split China will succeed. Any interference with the Taiwan issue is doomed to failure, ”said Wei Fenhe, adding that China intends to“ fight to the end. ”

Pompeo expressed concern about the militarization of the PRC of the South China Sea

China leads territorial disputes with some Asian countries regarding the Paracel Islands, Spratly Islands and Scarborough Reef, located in the South China Sea. In addition to China, Vietnam, Taiwan, Malaysia, the Philippines and Brunei also claim the islands. The United States is not a party to the dispute, but does not recognize the territorial claims of China.

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it raises the number of infections among young people – Telemundo San Diego (20)

According to the count of NBC News, the US reached early this morning of Saturday, the number of 2,467,147 confirmed cases of COVID-19 and 125,547 deceased.

Texas and Florida backtracked on Friday, and adopted new measures against the bars, while the daily number of confirmed infections of coronaviruses throughout the united States reached an unprecedented 40,000.

The governor of Texas, Greg Abbott, ordered the closure of all the bars, while Florida banned the consumption of alcohol in those establishments. Both states joined a small but growing list of entities that have been suspended, a greater re-opening of their economies due to flare-ups, mainly in the south and the west of the country.

On Wednesday, the number of new cases of coronavirus by day in the united States, exceeded the peak reached at the end of April, recording more than 45,000 new cases of COVID-19, more than the maximum 36,400 reached on the 24th of April, according to NBC News.

This according to data compiled Wednesday by NBC.

The state most affected by the pandemic remains New York with 395,703 confirmed cases 32,169 deceased.

New York will continue to the neighboring New Jersey with 173,640 confirmed cases and 14,872 deceased, the state of Illinois, with 138,540 infections and 6,847 deaths, and Massachusetts, which has been reported 107,837 positive for coronavirus and 8,013 dead.

Other states with a large number of deaths are Michigan (6,133), Pennsylvania (6,630), California (5,814), and Connecticut, with 4,307.

Health experts have said that it is seeing an alarmingly high number of infections among young people who are coming out again, often without masks and without follow other social distancing measures.

Governor Greg Abbott took the decision to the spike in cases of COVID-19.

“It is evident that the increase in cases is driven primarily by a certain type of activities, as the assistance of texans in the bars,” stated Abbott.

Abbott had undertaken one of the calendarizaciones most dynamic of reopening in the country. The republican had stood up to the demands of that order the use of facemasks and also had refused until last week to allow local governments to impose such a measure.

“The doctors told us at the time, and what is said to who will listen, that this would be a disaster. And what has been”, stated the judge, democrat Clay Jenkins, the authority of highest rank in the county of Dallas. “Once again, the governor acts with slowness. Now you are forced to do the things that you require to do so in the last month and a half”.

Texas reported more than 17,000 new cases in the last three days, and on Thursday reached a record high of nearly 6,000. The second most populous state has also registered daily record of hospitalizations, and Friday surpassed for the first time the 5,000 patients of coronavirus boarding schools.

The couple also has a daughter of 1 year, who also tested positive to the virus.

In Florida, on the instruction of the governor-republican Ron DeSantis, the agency that regulates bars took action after the daily number of new confirmed cases is closer to 9,000, nearly double the record from just two days ago.

Colleen Corbett, a maid of 30 years who works at two facilities in Tampa, was said to be upset and worried to stay again without a job, but pointed out that the restrictions are the correct size. Most customers were not using masks, he said.

“It seems as if they have forgotten that there is a pandemic or just left to worry,” said Corbett.

Several of the states most affected, such as Arizona and Arkansas, have republican governors who have resisted efforts to legislate mandatory use of facemasks and have reiterated the president’s desire to Donald Trump to revive the economy quickly, despite warnings that there could be new outbreaks of coronavirus.

The experts of the federal government estimate that they would be more than 20 million infected with the virus in the US. To see more of Telemundo, visit now.telemundo.com

The number of deaths from coronavirus in the united States has been around 600 per day recently, compared with about 2,200 in the peak reached in April. Some experts doubt that it will reach that level again due to advances in treatment and prevention.

The virus has caused some 125,000 deaths and has infected almost 2.5 million people in the united States, according to a tally by the Johns Hopkins University. But health authorities believe that the number of cases is 10 times higher. At the global level, the virus has claimed close to half a million lives.

Louisiana reported its second day with more than 1,300 confirmed cases, a number that made the democratic governor, John Bel Edwards to suspend a greater lifting of restrictions on mobility. The republican governor of Arizona, Doug Ducey, did the same thing, since the new cases in your state exceed the 3,000 per day, and 85% of hospital beds are occupied.

For the second time in a week, Tennessee reported its biggest daily increase in confirmed infections, with more than 1,400, but the republican governor Bill Lee has been reluctant to re-impose restrictions or require the use of masks.

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The Russian Embassy reported the threats after the publication of the NYT on the Taliban :: Society :: RBC

Previously, the newspaper published an article which stated that Russia had allegedly announced a reward to the Taliban for the murder of the US military and NATO in Afghanistan. The Embassy called the charges “fake news”

Photo: Ting Shen / Zuma / TASS

Employees of Embassy of Russia in Washington and London began to receive threats after the publication of the New York Times (NYT) about the alleged announcement by Russia of a reward for the murder of the US military in Afghanistan. This was reported by the Russian Embassy in Washington on his Twitter page.

The Embassy called the charges in the article “baseless and anonymous.” The Embassy also attached to my post screenshots with threats. One of them is a link to the NYT article is accompanied by the caption “Let’s declare a “reward” for your diplomats.”

In this regard, the Embassy asked via Twitter to the New York Times with a call to stop creating fake news lead to danger to life.

Separately, the Embassy addressed to the US authorities. “We demand U.S. authorities to take effective measures to ensure its obligations under the Vienna Convention on diplomatic relations of 1961”, — stated in the message of the Embassy.

Article 29 of the Convention States that the person of a diplomatic agent (the head of the diplomatic mission or of a member of the diplomatic staff of the mission) is inviolable. “The receiving state shall treat him with due respect and shall take all appropriate measures to prevent any attack on his person, freedom or dignity”, — stated in the Convention.

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The Russian Embassy reported the threats after the publication of the NYT on the Taliban :: Society :: RBC

Employees of Embassy of Russia in Washington and London began to receive threats after the publication of the New York Times (NYT) about the alleged announcement by Russia of a reward for the murder of the US military in Afghanistan. This was reported by the Russian Embassy in Washington on his Twitter page.

The Embassy called the charges in the article “baseless and anonymous.” The Embassy also attached to my post screenshots with threats. One of them is a link to the NYT article is accompanied by the caption “Let’s declare a “reward” for your diplomats.”

In this regard, the Embassy asked via Twitter to the New York Times with a call to stop creating fake news lead to dangers for life.

The NYT found out about the Russia-proposed reward to the Taliban for the murder of the US military

Material supplemented.

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The NYT found out about the Russia-proposed reward to the Taliban for the murder of the US military :: Policy :: RBC

According to U.S. intelligence, Russia secretly offered, if any, for the murder of the US military and other coalition countries in Afghanistan. In Washington rassmatrivajut possible answers of Russia

Photo: Omar Sobhani / Reuters

A division of Russian military intelligence secretly offered the militants associated with banned in Russia by the Taliban, compensation for the murder of the military coalition in Afghanistan, including the United States. This was reported by the newspaper The New York Times (NYT), citing sources.

To the conclusion that Russia is offering a reward for the murder of the military in Washington came a few months ago, says the publication. In 2019 in Afghanistan had killed 20 Americans, however, the involvement of some of them suspect Russia is unclear.

Information about the possible reward offered by Russia were received, including during the interrogation of captured Afghan militants. Sources NYT did not lead the details of the Russian operations, for example, they are not reported, therefore a chosen goal.

Trump announced the immediate beginning of withdrawal of troops from Afghanistan

Surveys of American intelligence was reported to the President of the United States Donald Trump. During the last months in Washington to discuss a possible response to Moscow, sources told the NYT. Whilst there is a wide range of options, from sending a complaint through diplomatic channels and demands to cease hostilities before new sanctions. According to sources, the White house has not yet approved a single one of the steps.

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