Energy Blast – Aug 7, 2008
Source: http://www.robertamsterdam.com/2008/08/energy_blast_aug_7_2008.htmPosted on Thursday, August 7th, 2008 | In Emerging Markets, Market Commentary, Russia
Contributed by: Robert Amsterdam (http://www.robertamsterdam.com/) -
Oil is currently hovering at around $119 a barrel amid concerns over low US demand. “The fall in oil prices, combined with lower production, could soften the aggressive stance of Russia towards the West.†ExxonMobil’s Sakhalin-1 project is about to be inspected for adherence to operational and environmental regulations by a Russian watchdog. Russia’s decision to allow Transneft to raise an oil shipping fee component “will increase costs of oil deliveries by pipelines by 10 to 12%.â€
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Emerging Markets, invest in russia, investing in russia, Market Commentary, Russia, russian stocks
Emerging Markets, invest in russia, investing in russia, Market Commentary, Russia, russian stocks
 About Robert Amsterdam (http://www.robertamsterdam.com/)
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