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  • Russia's economy stalls

    A few months ago, Russia's economy seemed to be recovering from its problems in the late 1990's. High prices meant oil revenues were increasing, and the currency was strong. Now, the combination of the oil price collapse and the credit crunch has reversed the position. Yesterday , the central...
    Posted to ICIS Blogs (Weblog) by Anonymous on 11-12-2008

  • G-20 tries to support growth

    The G-20 was created in 1999, after the financial crises that had hit emerging countries from 1997 onwards. It includes the G7 group of major industrial companies, plus the main emerging economies, including the BRIC countries (Brazil, Russia, India, China). Its ministerial meeting this weekend became...
    Posted to ICIS Blogs (Weblog) by Anonymous on 11-10-2008

  • The global stock market decline

    Alan Greenspan's comments ( below ), led the blog to investigate how the world's major stock markets had moved since their recent peaks. All, as shown in the chart, are now in bear markets. Stock markets often forecast economic developments 6 - 12 months ahead, and so this represents a negative...
    Posted to ICIS Blogs (Weblog) by Anonymous on 09-18-2008

  • Russia's oil trader

    Increases in Russian oil supply have played a major role in balancing world oil markets, at a time when other non-OPEC sources such as the N Sea have been declining. Production rose from 6.2mbd in 1999 to 9.6mbd by 2006. But as I noted last month , there are signs it may now have peaked. The reason for...
    Posted to ICIS Blogs (Weblog) by Anonymous on 05-18-2008

  • Russian crude supply 'peaking'

    Russia is the world’s 2nd largest oil producer. And it has been the main source of increased crude production in recent years. Its output rose 58% between 1999-2006, from 6.2mbd to 9.8mbd. Now Lukoil’s VP, Leonid Fedun, has told the Financial Times that he thinks 2007 output will be ‘ the highest he...
    Posted to ICIS Blogs (Weblog) by Anonymous on 04-16-2008
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