I grow increasingly tired of speculative headlines
Horsepankake on
Summary:
Saudi Arabia is frustrated with oil-producing countries like Russia, which have failed to cut production as agreed to raise oil prices. In response, Saudi Arabia is considering increasing its own oil exports, potentially lowering global prices. This move could severely impact Russia, which relies heavily on oil revenues to fund its war in Ukraine.
If oil prices drop by $20 per barrel, Russia could lose $20 billion in revenue, equivalent to 1% of its GDP. The Kremlin faces tough choices: reduce spending or deal with inflation and high interest rates. Despite Western sanctions and price caps, Russia has managed to profit through alternative markets and middlemen countries like China and India. Even if Saudi Arabia follows through with its plan, Russia is expected to continue funding its war for now, though its economy shows signs of strain.
swedeyboy on
Sink the ruzzki economy, they must be brought to their knees
Bull_Bear2024 on
The Saudi’s need the revenue & they have little love for Iran’s pal Russia
Jimieus on
War in the middle east and we’re speculating a *drop* in oil prices? I don’t like the odds on that put tbh.
GT7combat on
lets hope the prices drop so i can fill up my 5000 liter tank.
8 Comments
I grow increasingly tired of speculative headlines
Summary:
Saudi Arabia is frustrated with oil-producing countries like Russia, which have failed to cut production as agreed to raise oil prices. In response, Saudi Arabia is considering increasing its own oil exports, potentially lowering global prices. This move could severely impact Russia, which relies heavily on oil revenues to fund its war in Ukraine.
If oil prices drop by $20 per barrel, Russia could lose $20 billion in revenue, equivalent to 1% of its GDP. The Kremlin faces tough choices: reduce spending or deal with inflation and high interest rates. Despite Western sanctions and price caps, Russia has managed to profit through alternative markets and middlemen countries like China and India. Even if Saudi Arabia follows through with its plan, Russia is expected to continue funding its war for now, though its economy shows signs of strain.
Sink the ruzzki economy, they must be brought to their knees
The Saudi’s need the revenue & they have little love for Iran’s pal Russia
War in the middle east and we’re speculating a *drop* in oil prices? I don’t like the odds on that put tbh.
lets hope the prices drop so i can fill up my 5000 liter tank.
DO IT
That’s a big “if”.