Finimize - 🛢 Oil is touch and go

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Today's big stories

The West launched some tough new sanctions against Russian oil
Here’s how you can invest just like the experts – Read Now
Covid disruptions played havoc with Foxconn’s revenue last month

Oil Drop

What’s Going On Here?

New restrictions on Russian oil came into effect on Monday, setting the stage for one of the biggest shake ups in global oil markets for decades.

What Does This Mean?

Western sanctions just got beefier: the European Union (EU) barred all seaborne imports of Russia’s slippery elixir, while countries in the G7 announced a price cap designed to squeeze the country’s oil-based revenues. Unsurprisingly, Russia wasn’t a fan of that new price-cap proposal, and has already made clear that it won’t be doing business with any nation insisting on those lower prices. In fact, the country’s determined to keep its oil flowing come hell or high water: Russia bought more than 100 ships this year, as foreign tankers it formerly relied on will now be refusing to touch the country’s black gold. But that might not be enough to plug the gap, and traders predict that Russia could be hard-pressed to keep exports steady going forward.

Why Should I Care?

For markets: Unfortunately, inflation.
Just how much Russia’s exports drop could determine whether prices rise or fall in 2023 – not good news for countries hoping they’d seen the end of inflation-riddled times. So sure, OPEC+, a group of oil producing nations, announced over the weekend that it was prepared to take “immediate” action to stabilize markets – but at the end of the day, high prices work in the group’s favor. And with global demand slackening, analysts reckon the group could even end up cutting production to stop prices dropping.

The bigger picture: Close but no cigar.
Europe’s been doing its best to become less reliant on Russian energy: data out on Monday showed that the EU cut gas demand by nearly a quarter in November versus the five-year average, even as the weather turned colder (tweet this). But it seems the bloc may need to go to even further lengths, with industry experts warning that the region could face gas shortages for years to come.

You might also like: Three reasons not to forsake Europe just yet.

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Analyst Take

Where To Invest As 2022 Winds Down, According To Industry Experts

Carl Hazeley, Analyst

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That’s today’s Insight: here’s where the pros are putting their money, and how you can invest just like them.

Read or listen to the Insight here

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Disclaimer

This content is for US investors only, if you are not a US investor please ignore this content. This content is a paid advertisement for Upexi (NASDAQ: UPXI) from Interactive Offers and Finimize. This is not Finimize editorial content. Finimize received a fixed fee for producing, hosting and promoting this content on behalf of Upexi, totalling $23,000. Other than the compensation received for this service, Finimize and its principals are not affiliated with either Interactive Offers or Upexi. Finimize and its principals have no ownership in Upexi. The content on this page should not be taken as advice, an endorsement, or a recommendation from Finimize and its principals to buy or sell any security. Finimize and its principals have not evaluated the accuracy of any claims made on this page. Finimize and its principals recommend that investors do their own independent research and consult with a qualified investment professional before buying or selling any security. Investing is inherently risky and capital is at risk. Past performance is not indicative of future results.