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Oil Slide Deepens, Ruble Crumbles
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With the drop in Brent crude to $67.53 on Nov. 28, 2014, for a drop of 13% for the week, the ruble takes a further hit. The ruble declined to 52.67 to the dollar.
Lower prices for Canada's shale oil and Canada's economy, the impact in 2013-2016
02/20/2009
The significant impact on the Canadian economy and on Alberta of the lower prices for Canada's shale oil. Discounts for Canada's shale oil relative to Brent crude benchmark international oil pricesand U.S. benchmark price range from 20 to 50%. Canada's shale oil was Dat $80 per barrel in April 2013, compared to $94 for U.S. benchmark price and $106 for Brent international crude oil price. This has reduced GDP in Canada for 2012 by 0.4% for the second half of 2012, according to Canada's central bank. GDP growth is sluggish at 1.8% for 2012. The impact in lower government tax and royalty revenues is significant for Alberta.
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Trade and Oil on Agenda as Obama Visits Canada
New York Times 02/20/2009
Canada Looks to Sell Its Oil Beyond U.S.
Wall Street Journal 08/23/2013
Oil Markets Fly Into a Perfect Storm
Wall Street Journal 10/09/2014
Oil companies: Unsustainable energy
Economist 10/14/2014
Oil prices plunge as production rises, fueling concern in OPEC - The Washington Post
Washington Post 10/15/2014
Global Oil Glut Sends Prices Plunging
Wall Street Journal 10/15/2014
Impact of price drop to $60 for crude oil on oil drilling companies in 2014-2015
10/10/2014
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Fracking Firms Get Tested by Oil’s Price Drop
Wall Street Journal 10/10/2014
Oil companies: Unsustainable energy
Economist 10/14/2014
OPEC Split as Oil Prices Fall Sharply
New York Times 10/13/2014
Oil prices plunge as production rises, fueling concern in OPEC - The Washington Post
Washington Post 10/15/2014
Refining Saudi Arabia’s Oil Strategy
Wall Street Journal 11/03/2014
Oil Slide Deepens, Ruble Crumbles
Wall Street Journal 12/01/2014
Saudi oil price cuts in November 2014 to increase U.S. market share- with market share decline to 4.6% in August 2014 from 7% in August 2013
11/04/2014
U.S. imports of Saudi oil declined to 894,000 barrels a day from a high of 1.6 million a few months earlier. Saudi price cuts in November 2014 in the U.S. market, while decreasing prices in tight Asian markets, was designed to reverse the drop in market share. NYMEX price of oil dropped below $80 by early Nov. 2014.
Grouped Articles
Saudi Price Cut Upends Oil Market
Wall Street Journal 11/04/2014
Energy Quakes as OPEC Stands Pat
Wall Street Journal 11/28/2014
OPEC’s Weapon of Mass Inaction
Wall Street Journal 11/28/2014
Free Fall in Oil Price Underscores Shift Away From OPEC
New York Times 11/28/2014
Oil Slide Deepens, Ruble Crumbles
Wall Street Journal 12/01/2014
Oil Prices Slip Further After IEA Report
Wall Street Journal 12/12/2014
The Bank of Russia and the decision to float the ruble in Nov. 2014
11/19/2014
With Russia's dollar currency reserves dropping to $421 billion, less than enough to cover 6 months of imports, the Bank of Russia had no option but to let the ruble float freely, say experts. The ruble was at 46 to the dollar by mid-Nov. 2014. Experts say it would have to fall to 50 to the dollar to risk financial stability.
Grouped Articles
Bank of Russia Chief Defends Ruble Float
Wall Street Journal 11/19/2014
Oil Slide Deepens, Ruble Crumbles
Wall Street Journal 12/01/2014
Wall Street Journal 12/02/2014
Ruble Strengthens After Central Bank Acts
Wall Street Journal 12/18/2014
Ruble’s Fall Tests Governor of Russia’s Central Bank
New York Times 02/09/2015
Changing Course, Russia Will Sell Rubles Instead of Buying
New York Times 05/14/2015
The Russian ruble in 2010-2014
02/04/2009
Grouped Articles
Russian Ruble Slips to 7-Month Low as Investors Grow Cold
Wall Street Journal 09/23/2010
Red Alert on Russia Is Premature
Wall Street Journal 02/03/2014
Russia Faces Tough Fight on Ruble
Wall Street Journal 02/04/2009
Raising Stakes on Russia, U.S. Adds Sanctions
New York Times 07/16/2014
Russian Ruble Hits Fresh Record Low Against Dollar
Wall Street Journal 10/06/2014
Russian Companies Clamor for Dollars to Repay Debt
Wall Street Journal 10/10/2014
U.S. gasoline prices at the pump below $2.00 and the drop in Nymex, Brent crude oil prices in fourth quarter 2014
11/01/2014
Grouped Articles
Gas is about to fall below $3 a gallon for first time since 2010 - The Washington Post
Washington Post 11/01/2014
Strong Dollar Adds to Pressures on Oil
Wall Street Journal 11/01/2014
Refining Saudi Arabia’s Oil Strategy
Wall Street Journal 11/03/2014
Oil Slide Deepens, Ruble Crumbles
Wall Street Journal 12/01/2014
Oil Prices Slip Further After IEA Report
Wall Street Journal 12/12/2014
Americans Getting Pumped for the Holidays
Wall Street Journal 12/23/2014
The changing economic viability of mining in Canada's tar sands oil industry in 2012-2015
08/01/2007
Costs of synthetic crude manufactured from mining bitumen can exceed $100 a barrel as costs escalate in the recent boom in Alberta oil sands region. U.S. crude prices have dropped below $90 a barrel putting some large multibillion projects of Suncor Energy on hold. Production from U.S. Bakken oil fields in N. Dakota and limited pipelie space is changing the economics of production from tar sands.
Grouped Articles
How North Dakota Became Saudi Arabia
Wall Street Journal 10/01/2011
Canadian Regulator Waives Oil-Sands Enforcement Penalties
Wall Street Journal 06/13/2013
Keystone XL Review Sees Little Impact on Climate
Wall Street Journal 02/02/2014
Even Without Keystone Pipeline, Oil Has Flowed
Wall Street Journal 02/02/2014
A sticky ending for the tar sands
Economist 01/15/2009
U.S. Seeks New Rules for Rail Transport of Fuel
Wall Street Journal 07/24/2014
Saudi oil price strategies in 2014-2016
10/15/2014
Grouped Articles
As Oil Prices Plummet, Saudi Arabia Faces a Test of Strategy
New York Times 10/15/2014
Refining Saudi Arabia’s Oil Strategy
Wall Street Journal 11/03/2014
Saudi Price Cut Upends Oil Market
Wall Street Journal 11/04/2014
Energy Quakes as OPEC Stands Pat
Wall Street Journal 11/28/2014
OPEC’s Weapon of Mass Inaction
Wall Street Journal 11/28/2014
Free Fall in Oil Price Underscores Shift Away From OPEC
New York Times 11/28/2014
The pressure on the Russian ruble in 2014-2015
10/10/2014
Weak economic conditions, capital outflows and demand from the corporate sector to repay debt, add to the pressures on the ruble in 2014.
Grouped Articles
Russian Companies Clamor for Dollars to Repay Debt
Wall Street Journal 10/10/2014
Russian Ruble Fall to Fresh Lows
Wall Street Journal 10/10/2014
Inflation-Racked Russia Considering Price Controls
Wall Street Journal 10/10/2014
Ruble Slide Worries Wealthy Russians
Wall Street Journal 10/11/2014
Global Oil Glut Sends Prices Plunging
Wall Street Journal 10/15/2014
Wall Street Journal 11/03/2014
U.S. and European business in Russia following the intervention in Crimea and western sanctions
03/07/2014
American and European companies including GM, Ford, Renault, Deere, have manufacturing operations in Russia. With the ruble dropping and higher inflation, Western businesses are nervously watching the crisis in U.S. and E.U. relations with Russia, including the impact of sanctions.
Grouped Articles
Western Businesses in Russia, Watchful and Wary
New York Times 03/07/2014
Russia Moves Closer to Absorbing Crimea, Despite Sanctions
Wall Street Journal 03/18/2014
In Cold War Echo, Obama Strategy Writes Off Putin
New York Times 04/19/2014
Raising Stakes on Russia, U.S. Adds Sanctions
New York Times 07/16/2014
Exxon Mobil Moves Ahead With Russian Oil Drilling Project
New York Times 07/22/2014
Coordinated Sanctions Aim at Russia’s Ability to Tap Its Oil Reserves
New York Times 07/29/2014
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