Oil Crushed by US-Saudi-Russian Supply Glut by Wolf Richter • Apr 8, 2015 • 10 Comments No one backs off. Price plunges.
Russia Sanctions Stir Up Top-Level Mini-Revolt in Europe by Don Quijones • Jan 6, 2015 • 3 Comments Chances of finding alternative consumers of Europe’s goods and services are dimming.
Global Monetary Power Shifts from Dollar, China Stakes Claim, Rescues Currencies of Argentina and Russia by Bianca Fernet • Dec 24, 2014 • 7 Comments Further dislodging the dollar from its dominance. At a price, for Argentina and Russia.
Global Automakers Get Blasted in Russia by Ruble Crash by Wolf Richter • Dec 19, 2014 • 4 Comments This is what happens when a currency spirals out of control.
Ruble Spirals Elegantly out of Control as Functional Currency by Wolf Richter • Dec 17, 2014 • 12 Comments Ruble collapses, Russians and bankers fret, Apple and automakers stop selling, as the government dumps its crown jewels to stem the chaos for a day.
Russia’s Proposed Interbank System Threatens Global Economy by Contributor • Dec 13, 2014 • 5 Comments Its alternative global economic and financial system that rejects US rules has consequences.
Dreadful Chart of Russian Ruble vs Probability of Default by Wolf Richter • Dec 3, 2014 • 5 Comments The plunge in the price of oil and the impact of the sanctions are ransacking the Russian economy and finances.
Ruble Freefall: And the Ugliest Currencies Are? by Wolf Richter • Nov 29, 2014 • 1 Comment Getting messy: oil price plunge not the only problem for currencies that made the “Ugliest Currency Chart.”
Oil Price Collapse Ricochets Around the World, Hits US Drillers, the Ruble … and Russia’s Probability of Default by Wolf Richter • Nov 4, 2014 • 17 Comments The balance of power is shifting, if only briefly.
What Is Total’s Fate in Russia Now? by Oilprice.com • Oct 29, 2014 • Comments Off on What Is Total’s Fate in Russia Now? Oil major Total and Russia are joined at the hip. Putin called late CEO de Margerie a “true friend.” But sanctions and sinking oil prices are daunting hurdles.
