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Will Russia Join OPEC Agreement on Oil Production Cuts?

After OPEC unexpectedly decided to cut their oil production during the unofficial summit in Algeria on September 29,2016, the international community started asking one and the same question, which is whether Russia is actually going to join the agreement. The thing is that Russia was one of the first advocates of this idea and urged every energy nation out there to make this crucial step for their mutual benefit based on higher oil prices and bigger profits from oil exports.

To be more specific, OPEC agreed to cut their oil production down to 32,5 million barrels a day. The agreement is expected to take effect in November 2016. So far, the details of the secret agreement are kept hidden. We don’t even know whether there are going to be some penalties applied to those who violate the agreement. If this agreement boils down only to some declarations, recommendations and intensions to cut the production quotas down to the mentioned level, we don’t have reasons to expect any serious impact made on the global market of crude oil.

It turns out that OPEC members decided to go back the old practice of quoting their oil production. For those of you who don’t know, OPEC decided to abandon production quotas in December 2015. To be more specific, they decided to increase their production to 100% of the capacity and later make the quotas adjust to it.

At the same time, OPEC members violated the quotas continuously anyway, which leads us to believe that those quotas became useless. For example, OPEC’s oil production was at 32,44 million barrels a day in May 2016. There was no punishment for violating quotas, so OPEC nations started some kind of an oil production race. Everyone started producing as much oils as they wanted. They didn’t worry about the consequences for their fellow-members of the OPEC cartel.

Venezuela suffered most of all from low oil prices driven mainly by overproduction and oversupply. The local Minister of Oil even warned OPEC that oil prices may crash all the way down to $20/b if OPEC fails to cut the oil production in the near future. Now it seems that the minister was eventually heard.

Now, OPEC nations seem to be ready to address other non-OPEC oil nations to do the same thing they did, i.e. to cut their oil production as well. Aleksander Novak, Russia’s representative was in Algeria as a participant of the International Economic Forum, but he wasn’t invited to the unofficial OPEC meeting since Russia is not an OPEC member. Apart from Russia, OPEC is going to urge other major and minor oil producers to join the agreement.

According to some representatives of the Russian energy sector, Russia is ready to join in and cut its oil production if needed. Moscow may well freeze and even cut its production by as much as 5%. He underlined that the top management of Russian oil companies already approved this step.

Lukoil: Russian private oil firms to limit output if necessary

SOCHI, Sep 30 (PRIME) -- Private oil companies will join the initiative to limit oil production in the country if Russia makes such decision, oil major Lukoil CEO Vagit Alekperov told Rossiya 24 television channel on Friday.
“We wait for the end of November when precise quotas (of OPEC), a precise validity period of these agreements will be defined. We hope this will push oil prices up,” he said.
“In any case, we all are consolidated, we all are interested in the oil price to be fair, in collections both to funds of private companies and the state budget to be big, that’s why we will adhere to the policy that will be developed by our energy ministry,” he said.
Energy Minister Alexander Novak said that Russia will make its proposals for over the oil market stabilization after it receives proposals from OPEC. Certain parameters of production stabilization will be developed in October–November, he said.
OPEC agreed to limit daily oil output at 32.5–33.0 million barrels at an informal meeting on Wednesday. Ceilings for each country will be defined at the organization’s next official meeting on November 30 in Vienna.
Alexei Kudrin, former finance minister and current head of the Center for Strategic Research, believes the reached agreement will allow to stabilize oil prices for one to two years, but doubts that all countries will fulfill the agreements.

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OPEC Cuts Oil Production, Oil Prices Go Up

Despite all the skepticism around yesterday’s unofficial OPEC summit, the members of the cartel did finally manage to agree on production cuts for the benefit of higher oil prices as well as a more stable and stronger market of crude oil. Apparently, the breaking news instantly sent oil prices higher all around the globe.

Experts pay your attention to the fact this is the first time since 2008 OPEC cut their production of crude oil. Over the last couple of years, even despite declining oil prices, they have been refusing to implement any production cuts. On the contrary it, it has been all about increasing their production slowly but surely.

To be more specific, the daily production quotas within the scope of OPEC is going to be cut from 33,24 million barrels a day down to 32,5 million barrels a day. At the same time, OPEC is determined to urge other major oil producers to hold their horses as well.

It should be noted that OPEC and Russia are not the only oil nations suffering from low oil prices. Every single oil producer out there doesn’t mind selling crude oil at a much higher prices. When the prices are low, those oil nations have to spend their reserves, which undermines the economic and financial situation in those countries.

As we have mentioned, OPEC’s decision to cut their oil production resulted in a strong in the global market of crude oil. Yesterday alone, the price gained 5% in a matter of hours.

Indonesia will not lift a ban on the export of nickel, mentioned in Optionova

The new legislature of Indonesia will keep a boycott on fares of mineral metals, subsequent to, because of the measure in the part of handling of crude materials in the nation by 2017; will be contributed about $ 18 billion dollars. This was accounted for by the Service of Vitality and Common Assets.

Shale gas generation in the USA cools off on markets, as they discovered in Optionova

In going up the level of gas shale in the U.S., the players of prospects business will have the capacity to lay record with this stuff and stop stress over supply deficiencies. Furthermore, costs throughout the following 20 years will seize up in development. Such a conjecture was introduced by specialists of Goldman Sachs Bunch Inc.

HY Markets, Names Prospects For Commodity Markets

The situation in commodity markets is changing as investments banks are quitting the sector. Those banks that have been dominating the market over the last decade are now selling their commodity departments. Apparently, investors have become less interested in commodity trading as the commodity super-cycle is nearly over. At the same time, regulators are getting increasingly interested in the commodity sector.

What are the near-term prospects of the commodity sector? Let’s try to find it out together with HY Markets, a major broking company specializing in Forex, commodities, stocks and other financial markets.

Toshiba has created a hard plate with 5 TB limit, as it was accounted for in Optionova

Available of the 5 TB Hard Disk will show up soon by new drives from the Japanese organization Toshiba. Masters of the paired choices dealers Optionova discovered the qualities of hard circles and their utilization.

Samsung, the world-famous tech giant form South Korea, is planning to introduce new hi-resolution displays for mobile devices. These displays will store up to 4K pixels. First of all the plan is to introduce displays with Quad HD resolution (2560 by 1400 pixels). Some experts believe the new versions of Galaxy devices (such as Samsung Galaxy 5S) will get such screens.

On top of that, during Mobile World Congress 2014, which is scheduled for January 2014, Samsung is planning to introduce 4K screens (3480 by 2160 pixels, Ultra HD). Apparently, the cost of such devices will be rather high. Cui prodest?

Most probably, this is a smart marketing move designed. So far, it is too premature to talk about the advantages of a 5,6-inch display with such a high resolution. Still, users seem to love big figures and crisp images. Yet, Samsung is used to amazing people and participating in competition with apple and other major counterparts. On top of that, Samsung is going to introduce a new AMOLED-screen with the resolution equal to 7680 by 4320 pixels (8K)!!!

Meanwhile, Samsung's stock is appreciating on positive news and consistent results. The chart below, courtesy of Masterforex-V Academy, reflects the current state of affairs in the market of Samsung:

IBM Introduces Next-Generation E-Mail

During the conference called Connect 2014, that was held in the United States, IBM offered a new look at such a routine service as e-mail. The corporation presented its new e-mail interface called Mail Next. According to IBM, this is a breakthrough in comparison to the existing products that provide acces to e-mail. They say that they when creating Mail Next they were inspired by social networks.

In short, Mail Next is a platform that works simultaneously with multiple data inputs and uses analytics to tune personal communication managers. The platform is so flexible that it can be tuned according to the needs of even the most sophisticated users.

Needless to say, that the new solution developed by IBM allows companies and individuals to save a lot of time and effort when working with e-mails.

Meanwhile, IBM's stock is truing to recover after a sharp decline started in early January. The chart below, courtesy of Masterforex-V Academy, reflects the current state of affairs in the market of IBM:

Time to Short Cotton?

Those traders who use trend models have been shorting cotton and taking profits for a couple of weeks. The prices started going down on October 22^nd and have been declining ever since.

Traders Name Soybean Market Prospects

The IGC has recently published a soybean production report. The figures outpaced the forecast by 3 million metric tons, thereby reaching 285 mmt. At the same time, the consumption figures were 3 mmt higher as well (282 mmt).

Arabica Coffee Futures Have Come Close to $1 per Pound

The price of the Arabica coffee futures is reported to have come close to a major psychological level of $1 per pound. At this point, there have been no major changes in the fundamental factors driving the coffee market and coffee prices worldwide.

Sugar Market: Near-Term Outlook

Global sugar prices have been gradually declining since early 2011. In particular, in February 2011, the price of sugar reached the high at 36,08 cents per pound while in lat 2013 the price is down by 50% and is trading around 17-18 cents per pound, Market Leader reports.

The oversupply of sugar is seen as the key reason for the price weakness in the global sugar market. Still, the tendency is likely to continue since the oversupply still exists.

The global market of sugar is currently seeing an interesting tendency. 2,5 years ago, the price started declining and reached the bottom at 16,7 cents per pound in July 2013. The reason is the same – the excessive supply of sugar worldwide.

At this point, the situation hasn't changed dramatically. Multiple agencies are report that the surplus is still present. The International Sugar Organization is predicting the surplus around 4,5 million metric tons of sugar in the 2013-2014 marketing year.

The current bias is bearish. The price is trading around 16,92 cents per pound. The chart below, courtesy of Masterforex-V Academy, reflects the current state of affairs in the market of sugar:

Natural Gas Market: Mid-Term Outlook

The North American market of natural gas is subject to seasonality more than any other NG market. It usually sees higher prices in winter, which is natural since more NG needed during the heating season. The seasonality is reflected in NG futures prices shown by New York Merchantile Exchange (NYMEX).

Galaxy Note 3 Will Come In Gold And Scarlet

Next year, Samsung, the world-famous South Korean manufacturer of computer electronics, will introduce several interesting mobile devices. The tech giant is planning to produce something interesting and extraordinary. At the same time, the company will renew several existing devices.

In particular, Galaxy Note 3 is reported to be coloured. It will come in gold and scarlet. At this point the golden version already exists but the edition is reserved.

During the first week of 2014, the fans of Samsung devices will be able to purchase a scarlet Galaxy Note 3 in local stores. 2 weeks later, Samsung is expected to introduce the same devices painted in white gold. A little bit later, these devices will be available worldwide.

Samsung GALAXY Note 3 is a fusion of the company’s best achievements in the mobile industry. The device comes with a stilus – S pen. It has a 5,7-inch with the FHD sAMOLED technology. It can also boast 32Gb of built-in external memory and an 8-core CPU along with a 13-megapixel camera.

The device has been a success worldwide, that is why the company's stock is growing on positive news and financial performance. The chart below, courtesy of Masterforex-V Academy, reflects the current state of affairs in the market of Samsung:

Alpari: Aluminum Futures and Alcoa's Stock – Promising Investment Assets

A broker's ability to determine assets for profitable investing is one of the key factors when considering the consistency of its analytic department. This aspect of broker activities is getting increasingly popular since more brokers start giving their own predictions and analytic outlooks to help their clients earn more money in the long run, simultaneously helping them make more decent trading and investment decisions. Forex brokers start giving their predictions on stocks, indices and commodities without limiting themselves to currencies.

Alpari is one of such companies. Alpari is a heavyweight in the international Forex arena. It can boast one of the best analytic teams in the industry. Today, those guys will share with us some of their promising investments…

ZTE Is Ready to Start Producing a Low-Cost Smart Watch

ZTE is reported to be planning to start the production of its own smart watch in the near future. Market Leader reports that the devices may come into market in Q2 2014.

According to the official representatives of ZTE, the smart watch will be able to make rival to Galaxy Gear. Still, the major benefit will be the lower cost of ZTE's device.

If the sales are successful in the domestic (Chinese) market, the company will definitely start the sales in the EU and the USA.

The device will probably be compatible only with ZTE smartphones. However, the developers assure us that the smart watch will become compatible with all Android- powered mobile devices in the near future.

Meanwhile, the company’s stock is consolidating after a major rally. The chart below, courtesy of Masterforex-V Academy, reflects the current state of affairs in the market of ZTCOY:

Hewlett Packard Shows Amazingly High Sales

Hewlett Packard's stock gained 7% after the company published a quarterly sales report. This report reassured investors, simultaneously making them more loyal towards the company’s anti-crisis plan.

According to Market Leader, several market analysts had anticipated much poorer financial performance. In Q4, HP’s net profit reached $1,414bn or 73 cents per share. In 2012, it was a 6,85bn loss! Therefore, the financial performance has improved drastically since then.

Meanwhile, the company’s stock is consolidating after a major rally. The chart below, courtesy of Masterforex-V Academy, reflects the current state of affairs in the market of HPQ:

Acer to Start Selling Chromebooks in December

Western sources report that Acer, a major manufacturer of computer electronics, is about to start the sales of its chromebook called Acer C720P. The sales will start in December. This will be the first such device with a 11-6-inch touchscreen form the Taiwanese vendor.

The device is reported to be powered by Intel Celeron 2955U (the Haswell series). The dual core CPU will be energy-saving in order to ensure more hours of standalone work (up to 7,5hrs). It will also have an SSD from 32Gb to 100Gb of storage capacity.

Meanwhile, Acer's stock is still depreciating. The chart below, courtesy of Masterforex-V Academy, reflects the current state of affairs in the market of Acer’s stock:

British Gamers Welcome PlayStation 4

On November 15th, Sony started the US sales of the long awaited game console called PlayStation 4. Now, it is the UK's turn to welcome PlayStation 4. On Friday, British users will be able to purchase the game console. However, this will be only those who preordered the console until August. Those who preordered it after August, will have to wait for the shipment until the Christmas.

At this point, you can purchase PS4 in London if you are ready to wait for endless hours in long lines inside and outside local stores.

It is interesting to note that the stores will be serving pizza and hot drinks to help the fans standing in the line to survive the challenge.

The standard version of PS4 costs 349 pounds (or 569 dollars) in London. As for the US sales, the company managed to sell over 1 million consoles within the first 24 hours. The British sales also promise to be breathtaking as well.

Meanwhile, Sony's stock is still depreciating. The chart below, courtesy of Masterforex-V Academy, reflects the current state of affairs in the market of SNE: