Russia’s Urals Oil Crashes Toward $50 in “Extremely Turbulent” Market | OilPrice.com

6 comments

1. Didn’t they need the price to be at least $60 to make some kind of profit?

   This is good news…

2. A strange world where DT and his administration is clearly have some type of arrangement with Kremlin. But then his tariff agenda sunk markets, causing recessionary fears, causing oil to plummet, and hitting Russia hard.

   The other good news in all the economic negativity is that destroying Russia’s refining capacity will not cause oil prices to skyrocket, so the energy hawks will be silenced, a Ukraine will have a blank cheque to send drone swarm after drone swarm.

   One of the problems for business and consumers is that DT’s tendency to flip flop and jump at quid pro pro arrangements makes for uncertainty. Are the tariffs a long term plan, or is it a shot across the bow intended to get attention and announce the new sheriff in town? And thus are to be removed shortly? There is evidence and signals supporting both. But uncertainty means incentive to reduce risks, and to be cautious, which of course will lead to reduction in economic activity.

3. I love the new petrol price and makes me happy when russians are in misery. Very good news !

4. > The Russian authorities are doing everything possible to mitigate the fallout of the global situation on the Russian economy, he added.

   Do tell.

5. This is what really hurts them

6. While it’s great Ukraine has had success in destroying refineries the Soviets are exporting crude oil, no need to refine it. But, Trump’s lunacy is having the unintended and very positive consequence of destroying Russia’s ability to export crude oil. So bravo you orange Turd.

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