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Their production cost is around $38. Anything below $38 and above $5 allows Saudi Arabia to earn well. A figure like $36-35 could be reached. If such a price is established, I think the Russian Federation could last a maximum of 3-4 months. Russia will face serious economic problems if the price of oil falls below $38.
#Oil #Russia #Economy of Russia #Economy

As a result, we will, of course, see a much lower oil price. Under Trump, following Saudi Arabia's joining of the Abraham Accords.
#Oil #Economy #Trump

It seems to me that Trump will start by crashing oil prices, working to bring them down in order to take away Putin's main advantage—money.
#Trump #Oil #Economy #Russia #USA

Trump intends to lower global oil prices... I am convinced that prices will go down.
#Trump #Oil #Economy

Trump will work on lowering the price of oil, and he has the mechanisms to do it. I think the price of oil will definitely drop below 60 dollars—he’ll keep it somewhere around 60 to 50.
#Trump #Oil #USA #Economy

Trump Receives Congratulations... Good Morning, New World... Oil Heading to $50 by May.
#Trump #Oil #USA

The leverage in this war is in the hands of the President of the United States. If it’s Donald Trump, then oil prices will almost certainly drop significantly—one could even say they will collapse.
#Trump #Oil #USA

To talk about oil prices sustainably dropping below $40 per barrel, not just for a month but long-term over 2-3 years, is simply impossible. This scenario could only be imagined in the case of a major technological breakthrough in the United States, or a global cartel war, the collapse of OPEC, and a price war among OPEC members.
#Oil

$145 billion is Russia's offensive budget for next year. It’s an absolute record in the entire history of Russia. Oil at $40 undermines that figure. In that case, everything follows a completely different scenario, and then everything we’ve discussed becomes probable. But will America want to do that? Probably not. Because they produce a lot, and they have a vast amount of oil that is extracted at a higher cost.
#USA #Oil #Russia

Right now, I would bet that the strike on Feodosia is just a warm-up, a training exercise, and that the main blow will target the oil terminals in Novorossiysk and Ust-Luga. Most likely, this strike will happen after the U.S. presidential elections, at the beginning of November, exactly one month from now.
#War in Ukraine #Ukraine #Russia #Oil

We need to monitor the reactions of Iraq, Kazakhstan, and Russia. These are three countries that are violators of the OPEC+ agreement. If they do not take any swift actions to reduce oil production and supply to the global market, I believe there is a high probability that the Saudi authorities will eventually turn the tap on and Saudi oil will flood the global market. It seems to me that this scenario is much more likely because, ultimately, all agreements within OPEC end up being violated. After that, the agreement collapses, and there is some stress in the market, prices drop quickly, after which they regroup and prices stabilize and start to rise.
#Oil #Saudi Arabia #Russia #Kazakhstan #Iraq #Economy

This morning Brent was at 74... If the price keeps dropping, and the overall trend for the year, I think, is downward. It’s hard to predict, but for now, I don’t see any reason for a significant price increase. Talking about oil prices.
#Oil #Economy of Russia #Russia #Economy

I believe that a period of about 7-9 years is a very realistic timeframe in which Russia will lose the ability to be an oil exporter altogether. That is, oil will remain for the domestic market... but the revenue from exports will cease.
#Russia #Oil

Events in the Middle East can certainly impact the market, and in the short term, they will likely have an effect, but probably not for very long and not in a very severe way. Israel's war against Hamas may affect oil prices, but only for a short period and not significantly.
#Oil #Economy #Israel-Hamas war

Already now, at the beginning of the year, oil is below $50. And it is unlikely to become more expensive.
#Oil #Economy #Economy of Russia #Russia

They will trade and sell for 60 and for 30... everyone who buys. Russia will still sell oil, despite the price cap that has been introduced.
#Russia #Oil #Economy #Economy of Russia

They will accept it anyway. Price cap on Russian oil.
#Russia #Oil #Economy

Having learned to live without Russian hydrocarbons, Europe is unlikely to return to them
#Russia #Europe #Gas #Oil #Economy

Yes, there is Latvia's position that it wants to propose to the European Union to set the price cap at 30. Well, they won't set it. Price cap on Russian oil at 30.
#Economy #Russia #European Union #Oil

As for oil, I still think they will implement it. Price cap on oil for Russia.
#Oil #Russia #Economy

The northern branch is still operating, through Belarus, Poland, and Germany... it will eventually die out sooner or later by the end of the year. About the northern branch of the Druzhba oil pipeline.
#Russia #Belarus #Germany #Poland #Oil #Economy

I am just sure that we will see completely different prices — oil at $200, and gas at $4,000-5,000 per thousand cubic meters, and so on. The decisions being made are still leading to an escalation of the situation.
#Economy #Gas #Oil #Russia

There will be significantly less oil on the market, and its price will be much higher. Moreover, it will exceed the projected astronomical price of $300–400. Compare this with the dynamics of gas prices.
#Oil #Economy #Economy of Russia #Russia #Words of politicians and officials