Russia OK with oil prices, prepared to act

• Current oil prices are "acceptable" for the Russian budget and economy, according to President Vladimir Putin, though "it is difficult to predict how long-term the trend will be."
• The fact that Russia has large financial reserves to cushion the impact of turbulence in the oil market "doesn't eliminate the need for action, including in cooperation with our foreign partners," he added.
• The past week was the worst for the crude market since the 2008 financial crash and "we need to be prepared for a variety of scenarios."
• The latest meeting of OPEC and its allies is scheduled for March 5-6 in Vienna.
• ETFs: NYSEARCA:USO, NYSEARCA:OIL-OLD, NYSEARCA:UWT, NYSEARCA:UCO, NYSEARCA:DWT, NYSEARCA:BNO, NYSEARCA:SCO, NYSEARCA:DBO, OILU, NYSEARCA:DTO, NYSEARCA:USL, OILD, NASDAQ:USOI, NYSEARCA:WTIU, BATS:OILK, NYSEARCA:OLEM, NYSEARCA:WTID, NYSEARCA:OILX, NYSEARCA:USAI, NYSEARCA:NRGU, NYSEARCA:NRGD, NYSEARCA:AOIL, NYSEARCA:NRGZ, NYSEARCA:YGRN, NYSEARCA:NRGO

Comments

[Active_Trader]

Friends ...
Good morning friends. 

What a crock of unregulated manipulated self serving bs re ramping up of markets, indices-futures, energy by Fraud St. and cronies in light of "stocks rise as central bankers pledge support, fiscal stimulus, etc.". 

Rest assured they will fail as Coronavirus concerns reigns above all.

finviz.com/...

Coronavirus, there is no cure.

MRGA Make Recessions Great Again.

Carry on shorting oil and stock markets at large. 

Markets www.investing.com/...

Indices-futures www.investing.com/...

Energy www.investing.com/...

Cheers, Active Trader,

seekingalpha.com/...

$DWT $UWT $TVIX and more. Feel free to share with others.

[imlongnow]

oil up 3% premarket that's a start.

[frankmorris]

I thought a relative bottom may have been forming a week or two ago and I was wrong, clearly. This disease needs to play itself out or at least be contained. If the rest of the world follows China’s report of containment, this could be relatively short-lived with a rally into summer. Otherwise if the drip drip of data continue, I see a global slowdown for sure.

[Fred Bennet]

& The Russians understand economics ? Really ! BTW, who runs the Russian oilfields ?

[valrisk]

trump,s girl friend talks a lot but never cuts production to support the oil price. As such Russia should be ignored as a key player and should be viewed as a base number to build from.
SA is still the pivot point in the oil market.

[NUNAY the KING]

Interesting price action in many oil stocks Thurs/Fri. At least a small bump I think, is coming, with OPEC cutting production next week. Potential for many indebted oil co's in the patch to fail this year with loans drying up. (JPM not loaning to some oil firms, BLK taking a stand on climate, for example)
Large players and pipelines, along with the smaller efficient players have the upper hand. So I have some long bets on, willing to continue holding for good dividends and picking way more winners than losers. I added to positions last week, which I think IS a contrarian winning strategy. But i admit to initially buying some of these companies months too soon.

[Active_Trader]

Friends...
Winning ❤💰premarket Black Crash Monday at Sunday 6 PM ET.

I warned all.

Fact.

Friday past 4 PM ET.

$CL_F = 45.23 aka fake pump by Fraud St. and cronies, Fraudia Arabia, FAKEPEC, et al.

$DWT = 7.98 aka bs SELLOFF.

VIX = 40.11 ... en route to 60+++

Sunday PM ET

$CL_F  = 44.23

$DWT therefore = 8.51 +6.5% afterhours Friday close

Dirty 30's in queue. 

Moving forward ...

Coronavirus, there is no cure.

MRGA Make Recessions Great Again.

Carry on shorting oil and stock markets at large. 

Such is the trade for years to follow.

The bs pump since 2009 is dead.

Markets www.investing.com/...
Indices-futures www.investing.com/...
Energy www.investing.com/...

Cheers, Active Trader,
seekingalpha.com/...

$DWT $UWT $TVIX and more. Feel free to share with others.

[crispr]

@Active_Trader

Your warning is cute. Your own links belie your words, too. Wanna change your tune?

[Island_Dweller]

So much effort for so little payoff.

[taipingshan]

What stock can i buy for exposure to dating sites? Lots of oil longs are going to be single in a few weeks

[kimbillro]

Dating sites are still about oil. @taipingshan

[Vegas Vinnie]

Ain't nothing gonna come out of the March 5/6 meeting. Doha 2017 all over again.

[Vegas Vinnie]

Told ya (whoever was listening).

[Lance Brofman]

Putin might have a hard choice between Trump and Sanders, if Sanders is the nominee. Sanders' promises to reduce military spending, be less willing to use military force and restrict American oil drilling and ban fracking, should make him much more attractive to Russia. The last being the most important. If Putin still supports Trump over Sanders, that will absolutely prove that Trump is a Russian agent, beyond any possible doubt.

If Putin has no interest in spreading an economic system in the way that Stalin and Khrushchev did, what would be his motive in having a friend in the White House? I also do not think Putin and Russia have much interest in conquering any significant new territory. After the debacle in Afghanistan, Russia has no stomach for occupying territory where the population does not speak Russian and could involve fighting insurgents supported by outside interests. Russia has no interest in trying to subdue the populations of Poland or Lithuania even if Trump and/or NATO were willing to look the other way. Russia has already achieved most or all of the re-absorption of Russian speaking areas such as Crimea as it probably wishes.

The question then becomes what did Putin hope to gain by aiding Trump? For argument's sake, assume that Trump had agreed to do Putin's bidding. What Russia and Putin desperately need is money. Even if Putin asked Trump to have the American Treasury transfer, say $200 billion to Russia, that is not going to happen. Even Kellyanne Conway could not spin that one into anything that would be acceptable to the American people or congress. Absent writing Russia a big check, how could Trump cause Russia to gain $200 billion? The answer would be a $50 increase in the price of oil.

We know what has caused most of the oil price spikes in the last 50 years. That has been wars in the Middle East. The first oil shocks came with the 1967 and 1973 wars. Twenty percent of oil traded worldwide moves by tanker through the Strait of Hormuz, the world's most important petroleum transit choke point. Iran also provides various other pathways that could lead to another oil price spike.

I will leave it to others to elaborate on all of the possible actions that President Trump could take that could stoke instability and lead to conflict in that volatile region. There are also some who fear that even if Trump was in absolutely no way compromised or beholden to Russia, he could still stoke a war in that region anyway with some blunder or rash action..."
seekingalpha.com/...

[Louis Stevens]

@Lance Brofman

Very thought provoking comment.

"Russia has no interest in trying to subdue the populations of Poland or Lithuania even if Trump and/or NATO were willing to look the other way. Russia has already achieved most or all of the re-absorption of Russian speaking areas such as Crimea as it probably wishes."

That is simply inaccurate. You can view my profile to understand my credentials on the subject.

We're building massive training facilities in Poland, Bulgaria, Romania, etc. In no way is the U.S. looking the other way on Russian interference in eastern Europe.

[rusty13]

"If Putin still supports Trump over Sanders,"

Had to chuckle..

[mark304]

I couldn’t help but laugh at the Trump being a Russian agent part

[Monkeybrainsfriend1]

4-5 days from writing this response will give way to lot's of new information on the market/oil/AG farmers/gathering places in the U.S. both public/private and if "Dr." Trump closes the borders their goes the lower states labor and general/skilled new/seasonal labor for mountain homes, your fresh food on the table, and the likes...having said that and visiting Oklahoma (low winter natural gas prices as the following new low oil prices) these last couple of weeks...homes are hitting the market like you cannot (hundreds a day) believe, it was already cheap here and will only get cheaper by the start of Spring....Russian Oil, Putin's private gas station and the shirtless pump jockey.....he's in office until 2024, this turn of world events will separate the greedy from the greediest, the most experienced infectious narcissistic sociopath will win, one vote per country please and your vote of the world leader in this category is?... ATS-Denver

[CatchTheFallingKnife]

OPEC is so depending on the Russia it's getting ridiculous. They might just call their meeting a SNL show. The whole group lost all credibility a year go and never regain it.

[valsvet]

I love THE Russia

[kimbillro]

After Russia has shorted all of the oil they can Putin will say "Nyet".

[kimbillro]

@shaner1 @Sir V-i-val

[shaner1]

@kimbillro- Putin's desire for a bigger role in ME, especially ran/Iraq, has to be considered. Saying Nyet with, oil in 40s, seams unlikely.

[johnny..cage]

They can’t cut enough even if it is real. Even if they could fake news is too strong for this one.

[shaner1]

@johnny_cage- IMO it will come down to US production, demand will return eventually. Once the MKT see's there is a price US production growth stalls, I believe sentiment improves a lot. Relying on ME peace, OPEC+ vs US shale , to cover future demand has to at least carry a risk premium. H2 looks promising.

[johnny..cage]

All yes, yes, yes. But stay out of the storm. Look they’re all telling you not to panic so I suggest you panic. :)

[shaner1]

If/when Trump cancels a campaign rally, based on a lame excuse, I'll know where in deep sh$t @johnny_cage

[Zoorush]

OPEC will cut.
Russia will say they cut, but dont.
Same story as always.

[kimbillro]

Fake cut!

[NotARetiree]

Russia to accelerate global rate cuts.

[B.Maverick]

Russia says this every time. And then they cut. It’s an ego thing. They earned the right to brag. But they will agree to cuts as part of a global economic strategic alliance.

[Fearful greedy and broke]

HA!

[lou..133]

30s this week

[User 50387892]

Nah

[lou..133]

only thing to save it is a massive cut from OPEC or a cure

[rellisacct]

Nah, way oversold last week. Great buying opportunity as the news is factored in.

[dukenukum]

like the Russians would ever show their true hand ... if we learned one thing from them over the years ... they always have less than they show , in both numbers and value ... not to mention quality... ok with one exception ..... VODKA!!

[Ayar]

Meh, as a rule, polish vodka is far better.

[dmorgan0628]

Well said.