The question is for how long. The markets are extremely volatile, but of course more the stock markets than the oil market. But low oil prices would be good thing indeed.
OPEC is meeting in May to determine what will happen in June and later, but for now Saudi Arabia is going to triple production next month. And if there is a global recession because of Trump then the demand for oil will be reduced. But it seems like the Saudis want to gain a bigger share of the market, so that objective should hurt Russian oil income for a while.
Seems like we are closer and closer 1q25 ended ru budget in -2,17b rub (-3,49b rub eg 1,7%gdp), all before crude oil prices change (vs 2024 +24,5% military spending and -10% gas&oil export).
Hope they will run out of the money soon with low prices, lower export (-11% vs.2024 so far), higher export costs, lower efficiency and even higher military costs with Soviet stockpiles running out
The self destructive irrationality of the US declaring economic war on the world is clear to all. The only good thing in it will be even more of a squeeze on Russia because of low oil prices. Andm BTW, fracking will have to be suspended in the States for the same reason. Nations and their citizens have to do what they need to and work around the USA until the regime changes.
"I've known him for a long time. We've always gotten along well. You're talking about Putin. I don't think he's going to go back on his word." Oh dear Mr President, open your eyes 🤦🏼♂️. Like Putin's gonna stop just cause you said so?
I would only recommend to read «Seeing Like a State» by J. Scott to have an idea what will happen next after all the well-considered actions of the US government.
Small advances in Zaporizhzhya related to the weather. In the last week was rained three days in a row. One day, the rain fell for at least 20 hours. On Monday, snow fell on the ground and melted. Today, the snow fell on the ground during 5 hours. Now the snow has melted. There is a big swamp on the battlefield. The help for Ukraine comes from an unexpected source: the weather.
Let's see what happens to Russia with the low oil prices!!
The question is for how long. The markets are extremely volatile, but of course more the stock markets than the oil market. But low oil prices would be good thing indeed.
OPEC is meeting in May to determine what will happen in June and later, but for now Saudi Arabia is going to triple production next month. And if there is a global recession because of Trump then the demand for oil will be reduced. But it seems like the Saudis want to gain a bigger share of the market, so that objective should hurt Russian oil income for a while.
Seems like we are closer and closer 1q25 ended ru budget in -2,17b rub (-3,49b rub eg 1,7%gdp), all before crude oil prices change (vs 2024 +24,5% military spending and -10% gas&oil export).
So fingers crossed
Hope they will run out of the money soon with low prices, lower export (-11% vs.2024 so far), higher export costs, lower efficiency and even higher military costs with Soviet stockpiles running out
The sooner the better
The self destructive irrationality of the US declaring economic war on the world is clear to all. The only good thing in it will be even more of a squeeze on Russia because of low oil prices. Andm BTW, fracking will have to be suspended in the States for the same reason. Nations and their citizens have to do what they need to and work around the USA until the regime changes.
"I've known him for a long time. We've always gotten along well. You're talking about Putin. I don't think he's going to go back on his word." Oh dear Mr President, open your eyes 🤦🏼♂️. Like Putin's gonna stop just cause you said so?
I would only recommend to read «Seeing Like a State» by J. Scott to have an idea what will happen next after all the well-considered actions of the US government.
Small advances in Zaporizhzhya related to the weather. In the last week was rained three days in a row. One day, the rain fell for at least 20 hours. On Monday, snow fell on the ground and melted. Today, the snow fell on the ground during 5 hours. Now the snow has melted. There is a big swamp on the battlefield. The help for Ukraine comes from an unexpected source: the weather.