2 days ago · BEIJING :China voiced its opposition to a price cap on Russian oil on Monday, after the Group of Seven finance ministers agreed last week to impose such a cap to slash revenues for Moscow's war in...
Russian Ruble Chinese Yuan traded at this Tuesday September 6th, decreasing or percent since the previous trading session. Looking back, over the last four weeks, RUBCNY lost percent. Over the last 12 months, its price rose by percent. Looking ahead, we forecast Russian Ruble Chinese Yuan to be priced at by the .
China has called for dialogue and consultation with Russia, rejecting calls for the largest buyer of Russian oil to join G7 proposals for a... Please Register or Sign in to view this content. You will receive unlimited access to our industry news, price assessments and data, plus historical stories, fundamentals data and charting functionality for all daily assessments .
· Any disruptions to oil flows from Russia, with low spare production capacity in other countries, could easily send prices rallying. JPMorgan's analysts have even tested the possibility of a spike to 150. Additional sanctions on top of those already affecting Russia's oil industry could take oil higher much more quickly.
· The consumer price index, a broad measure of everyday goods and services, soared % from a year ago, above the % Dow Jones estimate. That marked another month of the fastest pace for inflation going back to December 1981. Excluding volatile food and energy prices, socalled core CPI increased %, compared to the % estimate.
Goldman Sachs estimates that 44% of Chinese businesses have been affected by electricity shortfall. Thermal coal prices on the China's domestic market more than doubled, exceeding 200 USD/t, compared to the price level of 90 USD/t in September 2020. In Q4 2021, China will have to increase coal imports, including shipments from Russia.