$ 75 is not far off: how much oil can rise in price

After the arrest of 11 Saudi princes, oil returned to the prices of 2015 and costs $ 64. And this is not the limit

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Photo: Lalabell68 / Pixabay / ( CC0 1.0 )

The Saudi Crown Prince Mohammed Ben Salman is becoming the main hope of oil producing countries for rising prices. The 32-year-old heir on Saturday began an anti-corruption campaign designed to strengthen his power. 11 Saudi princes, four ministers and a dozen other senior officials were detained on charges of abuse and, according to rumors, were placed under the arrest of Ritz Carlton Hotel in Riyadh. As a result, on Monday, the price of a barrel of Brent jumped out at once by two dollars and cost more than $ 64 - this is the highest price since May 2015.

• Political instability in Saudi Arabia is not the only factor pushing oil up. Among others - the expectation of the renewal of the OPEC and Russia agreement on the restriction of production and a decrease in the number of shale wells in the United States.
• Since June 2017, oil has risen in price by 40% and will rise further, according to investment banks. Merrill Lynch analysts on Monday forecast write that in the near future, oil price can reach a “cyclic peak” of $ 75. It is difficult to predict how long the price can last at such a high level.

What am I to me?

Together with oil prices, the ruble should also be strengthened . Already today, at the beginning of trading on the Moscow Exchange, the dollar fell into 70 kopecks to 58.3 rubles. How long will oil and the Russian currency rise in price, will become clear by the end of the month - on November 30 a meeting of OPEC and Russia is scheduled, which should extend the agreement on freezing production.

MONEY

Russia in "Paradise Archives"

The main news of the weekend was the publication of the so -called “paradise archives” - 13.7 million documents stolen by hackers of the offshore legal company Appleby. There were fewer sensations in them than in the Panama archives. Donald Trump and his administration may be the main victims.

• On Saturday night, we gathered the main stories from the Appleby dossier related to Russia: Alisher Usmanov and Yuri Milner, Roman Abramovich and the ex -wife of Igor Sechin were defendants in the documents. The Russian participants have already spoke about their getting into the publication: Yuri Milner said in detail that he bought Facebook and Twitter shares not with state money, and Marina Sechin called the story of her investments in the Austrian billionaire Julius Minla “Brede”.
• The most resonance was caused by the publication about Russian contacts of the US Minister Wilbur Ross. The new connection of Ross with Russia, discovered in the “Paradise Archives”, was not so direct: the minister owns a package of shares of a shipping company - one of the gas carriers of the Russian “Sibura”. Sibur in response called Ross's company an ordinary contractor.
• Nevertheless, the publication has already attracted attention to the extensive Russian acquaintances of Ross, who in the 1990s managed the Russian-American investment fund, and in 2014-2015, together with the old acquaintance of Vladimir Putin Vladimir Stryzelkovsky, he entered the Board of Directors of Cyprus Bank.

Half a million launders

The growth of the black list of customers of banks suspected of violating the anti -washing law led to the emergence of a new black market, writes Kommersant. Numerous intermediaries offer those who got to unlock accounts, return money stuck in the bank and even achieve an exception to the black list, which the Central Bank and Rosfinmonitoring began to send to banks in June, and since then it grew from 200 to 460 thousand people, more than 500 thousand accounts have been blocked. The real result with their help can only be achieved if intermediaries use the corruption scheme, lawyers warn.

Oil contracts Katerina Tikhonova

Rosneft became the largest customer of the Innopractics Foundation, the alleged daughter of Vladimir Putin Katerina Tikhonova. In 2017, the Fund received five Rosneft contracts and its Arctic Gas Center for 360 million rubles, in total for 600 million rubles in just three years. The subject of contracts is research related to the development of deposits: from new methods of planning exploration to the creation of bacteria that decompose oil pollution.

Chips for $ 130 billion

The American Broadcom announced its intention to buy its main competitor, the largest manufacturer of chips for Qualcomm smartphones, for $ 105 billion. The transaction may become the largest in history in the technological market. The current record set in 2015 Dell, having bought the leader of the EMC storage and processing market for $ 67 billion.

Qualcomm will resist the absorption - the company's shareholders believe that it is underestimated, Bloomberg sources say. But if the transaction takes place, the appearance of such a player can put in the difficult position of smartphone manufacturers. Already now, Qualcomm is involved in the war with one of its largest buyers, Apple: Tima Cook Tima Cook believes that the supplier overtakes prices and requires them to reduce them through the court; Qualcomm claims that Apple stole its patents and requires prohibiting the sale of iPhone in China and the USA.

PRACTICE

How to protect bitcoins

Last week, we gave a link to the story of a person who lost $ 30 thousand in bitcoins, forgetting the Pin-code-an interesting way to lose crypto-saving, but not the most common. There is much more chance of becoming a victim of cyber abusions who use dozens of tricks - from standard phishing to the production of fake bitcoins. As we wrote , only by investors in ICO hackers this year stole 10% of invested funds, or $ 225 million. Wired gives three tips on how to better protect their money on an electronic wallet.

How to make yourself thinking

The project needs a fresh idea, but nothing comes to mind? Distracted for something monotonous. Good ideas are often born from boredom, and this has an experimental justification: people who were given to the Brainstorm to the people who gave boring tasks, then more original thoughts came to their minds. Fastcompany offers three ways to use this phenomenon.

Why startups are closed

If you are looking for an investor in a startup and think that this will solve all your problems, the main problem, most likely you are wrong. The lack of external investments is only in 16th place in the list of reasons for the closure of startups, which are called the creators. The worst of all is to create a product for which there was no market.

Fun

Faith in the car

In Silicon Valley, churches are created that proclaim technologies with a new divine revelation, and the era of the singularity, which is predicted by the technical director of Google Roy Kurzweil, is waiting as a second coming. The “secret of the company” tells how technological entrepreneurs create a new semi -religious cult - DJitalism.

Peter Mironenko, The Bell