SaxoTV

Why OPEC's decision means Russia will suffer the most

869 views
November 28, 2014 equities, equity, equity index, equity market, equity markets, equity portfolio, equity strategy, equity trading, fx, fx award, fx crosses, fx forex, fx interbank markets, fx investing, fx market, fx markets, fx options, fx spot, fx strategy, fx trade, fx trade idea, fx traders, fx trading, fx volatility, fxmarkets, fxspot, oi, oikl, oil, oil 100 price, oil 80 a barrel, oil and gas, oil and gas engineer, oil and gold, oil asia, oil barrier, oil bounce, oil cargo, oil commodities, oil companies, oil company, oil consumer, oil crisis, oil declines, oil demand, oil down, oil drop, oil egypt, oil equity, oil exploration, oil futures, oil gains, oil grilling, oil growth, oil hits 80 dollars, oil industry, oil inventories, oil iran, oil levels, oil libya, oil market, oil market', oil markets, oil news, oil outlook, oil pressure, oil price, oil prices, oil prices historic, oil producers, oil production, oil range, oil refinery, oil sector, oil selloff, oil services sector, oil shutdown, oil spread, oil stockpiles, oil stocks, oil supplies, oil supplies threatened, oil supply, oil trading, oil trading', oil trading', oil up, oil us shutdown, oil wealth, oilsupply, oioi, rates, ru, ruble, rubusd, russell 2000, russia, russia bonds, russia crisis, russia crude, russia default, russia economy, russia fundamentals, russia growth, russia investment, russia oil, russia rates, russia ruble, russia sanctions, russia stocks, russia ukraine, russian, russian central bank, russian currency, russian economy, russian equities, russian government, russian outflows, russian politics, russian ruble, russian shares, usdrub
Russia is the biggest loser after the decision by OPEC to maintain supply at 30 million barrels per day, according to Russia oil and gas expert Nadia Kazakova. Many conspiracy theories swirled around the OPEC conference this week, one being that Saudi Arabia was eyeing up Russia's market share. Weakened by sanctions and with the Ruble at new lows, USDRUB rose 8% this week, the Russians have also claimed losses of 100 Billion USD in revenues since oil prices began to fall in June. 

The investment landscape in Russia is now even more toxic for Western investors and that includes global oil firms which have seen their ability to sign contracts curtailed by sanctions. If Russia's oil production is harmed by sanctions as well as low oil prices then the Russian share of the market is up for grabs and the Saudis look well set to step in.