👀 either Russia just became the world’s best team player or exploding Russian oil assets are starting to take a deeper toll
*Walter Bloomberg
 @DeItaone
Mar 29
NOVAK: RUSSIA HAS DECIDED TO DEEPEN OIL OUTPUT CUTS IN Q2 IN ORDER TO CATCH UP WITH OTHER OPEC+ COUNTRIES

Mar 29, 2024 · 11:38 AM UTC

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Wrote about the recently increased seriousness of Russian production cuts and what might actually be driving them in the weekly yesterday. Read more:
Rory Johnston @Rory_Johnston
Mar 28
🛢️ OIL CONTEXT WEEKLY 🛢️ 🐰 Short-Week Easter Edition 📈📈 Crude prices hit a fresh year-to-date high as Russia’s production cuts start to seem more real and market outlooks continue to tighten. Full Report: commoditycontext.com/p/ocw-1… Summary:
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Replying to @Rory_Johnston
"Team player" = raising prices on every human being. You analysts sound like ghouls
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OPEC+ team player…
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GIF
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Replying to @Rory_Johnston
Is it possible that Russia is trying to influence the US election in November? I can see where high, sustained oil & gasoline prices would work against the incumbent candidate, & perhaps then bring the Ukraine war to an end in Russia's favor.
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Replying to @Rory_Johnston
exploding refineries make more, not less, russian oil available for exports afaict
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Replying to @Rory_Johnston
I think they are struggling to get stranded crude to the water, in addition to limited markets for their barrels.
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Replying to @Rory_Johnston
All of the above, but also the possibility that after 2 years of war - parts and equipment are becoming difficult to source (ie neglected maintenance).
Replying to @Rory_Johnston
Putin wants to drive up US gas prices in order to pressure Biden? Trump will kill support for Ukraine. Surest way to tilt the odds against a sitting President is to drive up gas prices…
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Replying to @Rory_Johnston
Russia does not have Haliburton or Schlumberger doing their oil services maintenance since the war. If there is trouble like refinery or pipeline issues its not easy for them. Influencing the election is an afterthought
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Replying to @Rory_Johnston
Or trying to boost Trump.
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