Take into account the discount they need to sell for plus the added cost of transport. How long before they run out of money selling oil at a loss?
by adamsaidnooooo
Take into account the discount they need to sell for plus the added cost of transport. How long before they run out of money selling oil at a loss?
by adamsaidnooooo
13 comments
Good question.
Oil is about 30% of their budget income.
They are about 25$ in deficit for each barrel produced.
It’s going to hurt, alot.
Can someone explain why it fell so much? And why it would stop anyone of the buyers to sell it with greater margins to europe like the indians do?
It will get even worse for Russia when Trump opens the Alaska pipelines again…
Almost as if… He planned it that way…
As long as they print money, for quite some time.
I bet all these companies are lining up at our doorstep to drill baby drill.
Forever
Below 69,7$ for the price of Urals blend means their federal budget for 2025 is going into a deficit. They have to cut somewhere, even defense spending eventually.
Somwhere next year was the prognosis for when the russian economy would halt to the point where they are forced to cut their current spending. But now it seems we may reach this point a lot sooner, perhaps as early as this summer.
Hopefully it ends them.
If the countries that love freedom, justice and democracy would help from the beginning, ruzzia would be no more buy now.
The transport costs are a wash. They just won’t pay their shadow fleet and if they complain they’ll be Prigozhin’ed.
Years and years. They have interest rate more than 20%. A lot of people money are in bunk system, on deposits.
russia can take them easy and for now it’s more than 500 billions usd.
They spend at war like 70 billions usd per year, 200 millions per day. Budget deficit is 10 billions per year.
So, a lot of time just with people deposits.
long since it is below price cap and europe will buy that
$30 is generally accepted as the point at which Russia capitulates. Fingers crossed
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