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(((Tendar)))
@Tendar
The price of Russian oil continues to drop and has reached around 36.61 USD/Barrel. This is almost half of the current market price for oil. The latest steep fall resulted from the latest US sanctions package. As predicted Russians are using dumping prices in order to sell its most important commodity, partially. In previous times it was calculated that Russia needs around 70 USD per barrel in order to balance its expenditure. This does not even include the lower volumes Russia is currently selling, thanks to the Ukrainian strikes against oil terminals
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David Watson 🥑
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Starbuck
@StarbuckUA
At just $36.61 a barrel, buyers can now enjoy high-carbon discounts and receive a free autographed photo of Lavrov sighing at a map of Ukraine.
4.7K
Irony Man
@IronyManHQ
Amazing how collapsing Russian oil keeps funding a war that was supposed to be bankrupt two years ago. Sanctions sure have a funny definition of success
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Paul C
@QuahogFlats
Foreign investments into Russia? Down 97%. More money is invested into Vietnam. Russian Sovereign Wealth Fund? Now funding Ukraine. Russian Nat gas exports? Down 90%. Russian gasoline/diesel exports? Zero. Crude exports collapsing volume + price. Domestic gas/diesel expensive
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FasoliaGigantes
@FasoliaGigantes
"In previous times it was calculated that Russia needs around 70 USD per barrel in order to balance its expenditure." in what universe russia NEEDS more money to stay afloat than shale oil companies? 🤣
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Bill
@Ironstealth609
🤣🤣🤣🤣 they think Russia will sell there oil for 36 dollars a barrel when the market is twice that. They must be smoking some good stuff.
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Ann McElhinney 🧡
@annmcelhinney
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Tracy Gallagher
@TracyGalla1990
Europe lost cheap Russian energy, is housing millions of Ukrainian refugees & wasting billions on a war USA instigated to steal Ukraine & Russia’s resources & destroy Europe. Russia is not our enemy. Our treasonous govts are. They work for their masters in Washington.
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Terry Jackson
@tezisold
Seriously, BLOOMBERG !! Live oil price for Russian oil. USD-59.8800= Live Crude Oil Price in Russian Roubles | OIL RUB | Live Crude Oil Prices | Live Futures Prices and Charts | Commodities | Exchange Rates UK
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Drew Harris
@drewtheprinter
What is their combined extraction + refining cost ? Are they even making a profit, selling at $36.61 or is it just sheer desperation for cash-flow /selling below break-even $ ?
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Henry VIII🇬🇧🇷🇺
@ukstatesman007
It doesn't matter The war is in Ukraine not Russia The West can't impose any more sanctions But they can't stop Putin Meetings today to sort peace But peace is up to Putin not Europe That's why this will all be over within 12 months.
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Сп⭕нс⭕р Режима
@VladimirPluhin
After the phrase "that's half the current price of oil," you don't need to read any further. Armchair expert discovered. Find something else to do, like work as a janitor or an entertainer—you'll be much more useful.
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