Skip to main content
Message Font: Serif | Sans-Serif
No. of Recommendations: 0
Ref.: Out go the lights in Russia

A result of all the mess going on in Russia, i.e. devaluation and a domestic economy collapsing, is that Russia will be even more agressive in its exports of both crude oil and petroleum products. On the petr.products market, we are seeing in last few days a flood of products being offered out of Russia, even products they would normally import....!
With Brent and WTI still in the $12-15/barrel range,it looks like that OPEC measurements that would otherwise start to bite in 4th quarter '98, are now being overshadowed by events in Russia......if you can get cheap products ex-Russia, it's going to have an effect on the crude pricing.
We are not out of the woods yet.........expect volatility in crude pricing to continue and new testing of lows........$10/barrel for Brent?
Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.