Experts have identified the main beneficiary of the fall in oil prices

The American CNBC channel conducted a survey of experts in the field of economics and finance. Most of them agreed on who the current situation in the oil market has become the most profitable for.

Most of the experts surveyed believe that India has become the main beneficiary of the sharp drop in oil prices. This country is approximately 80 percent dependent on imported energy.

Rajiv Viswas, who holds the position of chief economist at IHS Markit in the Asia-Pacific region, considers the crisis in the oil market a real gift for India. Thanks to him, she will be able to reduce inflation in the country and reduce the cost of purchasing imported products.


India has recently slowed down its GDP growth and lost its status as one of the fastest growing economies in the world. Now, a sharp decline in the cost of hydrocarbons will become an incentive for the development of energy, the oil industry, the transportation sector and other industries. In these conditions, the Bank of India will be able to reduce the lending rate for domestic business. Due to falling oil prices, India's economy may increase GDP growth by an additional 1,5-2%.

Actually, other countries that do not have their own energy resources and have highly developed industrial production will also benefit from falling oil prices.

Comments

[bessmertniy]

It turns out that cheap oil will help India further strengthen its position in the top ten leading economies in the world. However, in addition to it, many more poor countries for fuel resources will win.

[For example]

Gypsies rule the world

[ApJlekuHo]

Kaka rule the world, unnoticed by the orderlies.

[businessv]

Quote: bessmertniy

However, in addition to it, many more poor countries for fuel resources will win.

Yes, only India has a billion people, so yes, it is the main beneficiary!

[bessmertniy]

China is also to the advantage, And so far it has a larger population than in India. And they still need to measure - whose benefit will be greater.

[businessv]

Quote: bessmertniy

China is also to the advantage, And so far it has a larger population than in India. And they still need to measure - whose benefit will be greater

China lost only $ 174,1 billion in the first quarter due to the coronavirus, so it will certainly benefit from a drop in prices, but it has other tasks now! If you add the figures, then China lost 1% of GDP only in the first quarter and its main task is to restore the economy to at least the previous level.

[Normal]

See deeper. If you consider the long, then it will remain in the greatest benefit. Do not view China separately from other countries. And the coronavirus just now has all of Europe. And at least it ends with them or has already become manageable.

[businessv]

Quote: Normal

Do not view China separately from other countries. And the coronavirus just now has all of Europe.

We are considering a specific beneficiary, colleague! If you follow your advice, then the beneficiaries are everything, except for minke whales and their shale extraction!

[orionvitt]

In general, I do not understand the benefit of falling oil prices if production is falling all over the world. . Well, someone will produce goods cheaper (the same India), but who will buy them? World crisis however. Unless in its huge domestic market, so in India itself, half the population, outright beggars. So all this blah, blah, blah. One thing cannot fall, if it falls, then all together. Under normal production relations, no one complained about high oil prices.

[Kalmar]

Quote: bessmertniy

And they still need to measure - whose benefit will be greater

Oh, what difference does it make if Russia is not (and no beneficiaries) on this list and is not expected.

[LMN]

Quote: Kalmar

Quote: bessmertniy

And they still need to measure - whose benefit will be greater

Oh, what difference does it make if Russia is not (and no beneficiaries) on this list and is not expected.

Yeah ... trouble.
Here India is lucky!

Most of the experts surveyed believe that India has become the main beneficiary of the sharp drop in oil prices. This country is approximately 80 percent dependent on imported energy.

[Starover_Z]

Quote: Kalmar

Oh, what difference does it make if Russia is not (and no beneficiaries) on this list and is not expected.

It’s strange, they “offended” Russia, they didn’t include it on the list of the main culprits this time! Has spring influenced you?

[Vladimir_6]

Quote: Kalmar

Quote: bessmertniy

And they still need to measure - whose benefit will be greater

Oh, what difference does it make if Russia is not (and no beneficiaries) on this list and is not expected.

It may not be today. They will remove competitors from the market, raise the price and catch up.
Yesterday bayard Yesterday, 11:06
"To release American shale around the world and free the market from excess oil is an extremely sacred matter."
“Moreover, according to the budgetary rule, if the price falls below $ 42, the difference is paid to the oilmen from the same moneybox ... like ours, but in America.
Let them pay - Russia has a budget of 42 dollars. laid out. And he still manages to be in surplus. "

[Kalmar]

Quote: Vladimir_6

It may not be today. They will remove competitors from the market, raise the price and catch up.

The problem is that we, in fact, do not own the initiative. And this means that we can be the very competitors who will be removed. And someone else will catch up. I would not want, of course.

[Oyo Sarkazmi]

Quote: Kalmar

Russia in this list (beneficiaries) is not and is not expected.

Who knows, who knows ... The war in Syria is no longer self-sustaining - I bought 20 from the barmalei, sold 60 each. From this Erdogan the Younger feeds, and Trump falls into the caviar.
And at 30 - does the barmaley have to pay a salary from the budget, and they will also be offended - yesterday at 20, and today at 5? Allah Akbar...

[boss]

[quote] [/ quote], not a fact at all, we consider oil consumption, not the population.
it is more correct and more visual, and not fabrications on the topic.
The state that will receive the most benefit from the fall in oil prices will be THOSE WHICH CONSUMPTION OF OIL ECONOMY WILL BE MORE, including the population, refining, polymerization, for the indicated period.
something like this.

[aybolyt678]

Quote: businessv

Yes, only India has a billionth population

no, only the US has multi-trillion stocks of dyed paper

[Sergey Olegovich]

India certainly benefits from the drop in oil prices. But to gain a foothold in the top ten leading economies in the world will fail. Their industry lags behind the leading countries.

[svp67]

Quote: bessmertniy

It turns out that cheap oil will help India further strengthen its position in the top ten leading economies in the world.

But somehow the article is silent that this fall is very beneficial to China, which now has to "restore" its economy, after the "virus slowdown". So, for countries that have a steadily developing economy, the fall in energy prices is PROFITABLE. It is a pity that Russia is not among them ...

[cat Rusich]

Let us recall A. Lukashenko and Belarus ... Recently, Grigorievich very strongly "criticized" Russia for "expensive" oil - "sim-salabim, akhalai-mahalai" - world oil prices fell ("at the behest of the pike", at the "father's" will). Now Belarus can buy oil even from Russia ...

[Chaldon48]

Europe should be happy too

[Mavrikiy]

Experts have identified the main beneficiary of the fall in oil prices

Rave. All oil consumers: China, Europe, and India are the tenth.

[_Ugene_]

Quote: Mavrikiy

Rave. All oil consumers: China, Europe, and India are the tenth.

to be precise, the main consumer, with a wide margin from others, is the United States, more than the total of China and India

[svp67]

Quote: _Ugene_

to be precise, the main consumer, with a wide margin from others, is the United States, more than the total of China and India

And here is the question. If the United States had no problems supporting its oil producers, I would agree with you, but so ... I would have crossed the United States from this list

[Livonetc]

In general, India’s consumption is one third of China’s consumption.
Quite a lot.

[Guillon]

The United States also wants to get out of the water dry!

[knn54]

Go to the exchange and you will see that MUCH has won the most. If the Fed is more specific.

[Alexey Sommer]

Quote: knn54

Go to the exchange and you will see that MUCH has won the most. If the Fed is more specific.

"The darkest night before dawn." (C)
Maybe you remember how much MMM tickets cost before the collapse?

[Oyo Sarkazmi]

Quote: knn54

that MUCH ALL won the buck.

No, the buck lost the euro outright. But the United States, as a country, needs this - export becomes more competitive

[kiril1246]

Quote: knn54

Go to the exchange and you will see that MUCH has won the most. If the Fed is more specific.

And what are you crying for. It is possible to tighten belts, to interrupt with pasta.

[For example]

So the gypsies started this shucher

[Hunter 2]

Well, at least someone in the Plus! By the way, there is no information about coronavirus in India, it is amazing with the local unsanitary conditions!

[Dym71]

Quote: Hunter 2

By the way, there is no information about coronavirus in India, it is amazing with the local unsanitary conditions!

They zakamashustrili this virus

[Kalmar]

Quote: Hunter 2

By the way, there is no information about coronavirus in India, it is amazing with the local unsanitary conditions!

Apparently, it is so unsanitary that even viruses cannot survive in such dirt.

[Never mind]

The number of cases in India is 73 people.

[novel66]

the Chinese today actually declared that the coronovirus is a bact weapon, and the Indians have a different genotype

[Hunter 2]

Quote: novel xnumx

the Chinese today actually declared that the coronovirus is a bact weapon, and the Indians have a different genotype

And the Chinese and Italians - Apparently one

[novel66]

apparently, yes, and even notice - the children do not get sick ... weird!

[Hunter 2]

Quote: novel xnumx

apparently, yes, and even notice - the children do not get sick ... weird!

Roman is ill, tolerate easier. Though this is a plus!

[novel66]

it smells bad from all this ... not that!

[Hunter 2]

I looked specifically at the statistics of the WHO, Children and Teens - They easily tolerate coronavirus, there is not one death ... Thank God.

[Ingvar 72]

Quote: Hunter 2

Specifically looked at the statistics of WHO, Children and Adolescents - Easily tolerate coronavirus

Quote: Hunter 2

Specifically looked at the statistics of WHO, Children and Adolescents - Easily tolerate coronavirus

And less susceptible (!) To the disease.

[Hunter 2]

Quote: Ingvar 72

And less susceptible (!) To the disease.

Even more, the immune system of children - copes with the virus, the disease in most cases is asymptomatic and without consequences! This can not but rejoice! Though the kids are taken out of the blow

[Ingvar 72]

Quote: Hunter 2

Though the kids are taken out of the blow

This is especially true for me.

[Hunter 2]

As well as for Me! You can endure a lot of things ... but, as the Father - to see how the children are sick? NO!

[alexmach]

This is relevant for everyone, including because asymptomatic children contribute to the spread of the disease.

[novel66]

the school began to measure temperature, and then excluded from the measurement of elementary grades ... coincidence?

[Hunter 2]

Well, in our City - there was a three-week quarantine in schools!
After a Chinese student was found in Tyumen and they began to bring Our tourists for quarantine.

[Ingvar 72]

Quote: Hunter 2

Well, in our City - there was a three-week quarantine in schools!

We too. Officially by ODS.

[alexmach]

Well done. They did everything right. You may have to repeat quarantine activities. A new wave comes from Europe.

[Oyo Sarkazmi]

Quote: Hunter 2

And the Chinese and Italians - Apparently one

And this is a genetic difference - do not wash your hands before eating.

[AU Ivanov.]

Thanks to this unsanitary condition, the Indians developed such immunity - the plague is not terrible.

[Vladimir_6]

Quote: Hunter 2

Well, at least someone in the Plus! By the way, there is no information about coronavirus in India, it is amazing with the local unsanitary conditions!

Probably immunity is so strengthened that no virus can take them.

[Vladimir_2U]

(He sprinkles tea on the monitor) But China, but what about China?

[seregin-s1]

As soon as the beneficiaries begin to be procured for the future, prices will begin to rise. They will begin to grow already.

[Avior]

Who will reserve for future use if prices fall?
Should at least stop

[alexmach]

Only this will obviously not happen soon. All this must be looked at least at the scale of half a year-year.

[businessv]

In these conditions, the Bank of India will be able to reduce the lending rate for domestic business. Due to falling oil prices, India's economy may increase GDP growth by an additional 1,5-2%.

Well, another giant with a billion people, but more hectic than the Celestial Empire. They should remove corruption, and develop an intelligible line of development, and they would have to be afraid!

[Tank jacket]

India is an obvious beneficiary. There are still unobvious ... Revenge of the Saudis for dumping in the 80s. And so that the Saudis did not have money for the acquisition of weapons for barmaley in BV ...

[Avior]

Saudis just lower prices

[Tank jacket]

But do the Saudis produce anything else besides oil? How are the Saudis doing with the black soil? Vodichka food? And then bam and quarantine coronovirus

[Avior]

So what?
Oil will continue to be sold, well, they will lose a little on tourism

[Tank jacket]

And let's get back to the conversation in six months, and then another five years later, after five? Let's play for a long time ...

[Avior]

It is so important to you what will happen to the Saudis?
Is it too small an occasion to return?
Let's have something more solid, the dollar will collapse, America will fall apart, the West will rot?

[Tank jacket]

It is very important for me how to punish the Saudis, because they sponsored barmaleys in Chechnya and many more where in BV and Central Asia and continue to sponsor. Can feed the Saudis to Iran?

[Avior]

Given that it was the Saudis who lowered the prices, to your logic, they punish themselves
How is Dobby straight ....

[Tank jacket]

Erdogan also climbed into Syria himself, he himself signed the Sochi memorandum ... Bandera themselves signed Minsk-2, and

[Vladimir_6]

Quote: Tank jacket

It is very important for me how to punish the Saudis, because they sponsored barmaleys in Chechnya and many more where in BV and Central Asia and continue to sponsor. Can feed the Saudis to Iran?

One of the possible options from another media resource:
"From the beginning, distantly right now ... from right now, the FSE are screaming in one voice, they say, Savudy and Company zahirachi vainukha tsynovuyu Russians, well, amerykhs from bloomirgaf and other farbs skiptikchiski are already looking at the possibility of victory Savudaf, although the Muscovites have no wounds with these magazines and right now, the habit of seeing vyrabatuitsa is too young, which is roughly the following: why don't you start against the Russians - buys in the directors to the very top of the head following the results of the result "(c).

[Tank jacket]

Vladimir, I completely agree with you. And your talk is ours - untranslatable The habit of working out of magazines Ruflekas ...

[Vladimir_6]

Quote: Tank jacket

Vladimir, I completely agree with you. And your talk is ours - untranslatable

Ruslan, the thread of your thoughts in the posts is quite clear to me.

[Tank jacket]

I also noted you as a sane person

[Vladimir_6]

Quote: Tank jacket

I also noted you as a sane person

It is always a pleasure to meet a soul mate.

[Oyo Sarkazmi]

Quote: Tank jacket

And let's get back to the conversation in six months, and then another five years later, after five?

Why so long? Just remember 2014, with futile efforts to bring down the oil. As soon as the oil fell a little, everyone rushed to buy it. And after six months she returned to 60.

[Tank jacket]

I like to play for a long time ... "No need to rush ... noooooo" (c).

[Golovan Jack]

Quote: Avior

Saudis just lower prices

They are with grief and hopelessness.

[askort154]

Actually, other countries will also benefit from falling oil prices.

That is something "but father" is not audible. Apparently, he is sweetly counting profits.

[Naive]

He has just the same grief, he had his interest from buying BELOW the world and reselling ON the world! And now he has neither volume nor price and then there’s the main Syabrabrat-breadwinner’s crisis ... what to do with buttermilk?

[rocket757]

Most of the experts surveyed believe that India has become the main beneficiary of the sharp drop in oil prices. This country is approximately 80 percent dependent on imported energy.

Lucky so lucky.
And who will be in the biggest span ??? this is not entirely connected with prices, but with the actions of the leadership of countries that produce oil, incl.

[novel66]

never!!! gas will never fall in price !! I'm afraid this is a secret article in the constitution

[Oyo Sarkazmi]

Oil in the price of gasoline is barely a quarter - about 10 rubles. So more than 3 rubles, in principle, can not fall in price.

[Mouse]

other countries will benefit from falling oil prices

Extreme india ???

[novel66]

dance, rejoice!

[Masha]

national trait ....
rejoice and dance ...

[Mouse]

and now a disco !!!

[rotmistr60]

For a period of low oil prices, beneficiaries are all countries purchasing energy abroad. And to focus on India is not entirely correct. Yes, today it can buy oil at a low price, but what will happen tomorrow? The Suadis with their dumping will not last long, in the United States they are already worried, so the price will creep up to the top anyway.

[Masha]

well determined ... then what?

[novel66]

envy silently ...

[Masha]

Roman, hi!
and what else remains for them?

[aristok]

Oil prices fell to support the Chinese at the behest of the conditional British.
Mundialissimus took a visor.
Russian gold went to Britain just before that (2019 and early 2020).

Well, India is also a plus (they even belong to the community of nations under the auspices of Baba Liza - Commonwealth of Nations), but the main beneficiary is China, handled by the old aristocracy of Europe, who suffered from the Trump trade war.

[Tank jacket]

Where do you write? What are you eating?

[aristok]

Quote: Tank jacket

Where do you write? What are you eating?

What exactly do you disagree with?
With the fact that India is a "Commonwealth of Nations" under the auspices of the British Monarchy?

[Tank jacket]

"Mundialissimus saluted.
Gold of the Russian Federation went to Britain just before that (2019 and early 2020) " Write say otkel?

[aristok]

Quote: Tank jacket

"Mundialissimus saluted.
Gold of the Russian Federation went to Britain just before that (2019 and early 2020) "

So check on the Internet - you will have to insert an even more curve emoticon after you figure it out.

[aristok]

Quote: aristok

Quote: Tank jacket

"Mundialissimus saluted.
Gold of the Russian Federation went to Britain just before that (2019 and early 2020) "

So check on the Internet - you will have to insert an even more curve emoticon after you figure it out.

offhand:
"Sales of Russian gold abroad jumped eight times in 2019, to $ 5,7 billion, and almost the entire volume was exported to the UK, follows from Russian customs data.
"
Read more at RBC:
https://www.rbc.ru/economics/28/02/2020/5e57904a9a79479d2346177a

--
and this is only the visible part of the iceberg.

[Paranoid50]

Quote: aristok

at a discount Details on RBC::

Everyone who could, already trampled on this hat, and found out everything that is necessary. So shove the delay, and even levantosis. In short, past the cash register.

[Tank jacket]

Will you send a link? Duck is a trade ... Decent people do not consider 5,7 billion for money.

[Avior]

. Decent people do not consider 5,7 billion for money.

The resource level is growing!
I am glad that there are people in VO who do not consider billions for money

[dgonni]

The secret of the open door is revealed. Anyhow post something on IN!

[aristok]

When the leader of Russia will be the president who can say this:

This is good for the Russian population - gas prices are going down !!

[Paranoid50]

Quote: aristok

When will the leader of Russia

And, so with this and it was necessary to start, and then "icebergs-titanics" and other crap. That's it, there are no more questions, fall - you are killed. She-bo, trouble, trouble ... when already the "factory" will begin to send more qualified personnel, and not the liber-Jugend.

[boss]

I do not agree with the author of the article.
the main beneficiary is clearly the United States.
in fact, as the initiator.
1. The exit from the transaction was initiated not by Ivanitch, but by the Saudis, read Salman.
Salman on a hook and a stiff leash on staff because of the murder and sawing of a "journalist". audio recordings are monstrous.
2. completely by accident, the United States, naturally with the aim of supporting its shale industry and supporting oil prices, announced the largest purchase of oil to replenish and increase its reserves.
Now watch your hands - shale oil is practically not used for the US stock - it’s inferior, because some products cannot be obtained from it. Venezuelan used to be purchased, and at predatory prices.
3. Calculate the difference between oil at 30 (at a discount of another 6-8 percent) and at $ 50 / barrel.
4. The United States will buy oil almost two times cheaper, blow off financial bubbles in its markets, blaming the Saudis and Russia for this.
Russia, naturally, did all this "maliciously".
5. I promise that they will quickly launch mechanisms to support their shales + lowering the price of fuel for consumers before the election (this is not with us, where it can only go up), then they will be in chocolate.
But what should Russia do?
shout urrah! and to buy back shares of state monopolies and the Russian oil industry on the stock exchanges at a very attractive price.
6. I'm sure, by the way, that Ivanovich knows more than we do about WHOM China will buy oil from during the decline in consumption and whose barrels will become "redundant on the Chinese market."

[Dmitry Vladimirovich]

Quote: patron

1. The exit from the transaction was initiated not by Ivanitch, but by the Saudis, read Salman.
Salman on a hook and a stiff leash on staff because of the murder and sawing of a "journalist". audio recordings are monstrous.

From a big head to a healthy one, don’t shift - this is a completely Russian failure.
Read the press - Putin’s meeting, Sechin’s opinion - after the introduction of US sanctions on Rosneft’s daughter.

The main lobbyist for breaking the agreement with OPEC has always been the head of Rosneft, Igor Sechin, who, from the very conclusion of the transaction, opposed the reduction of production. Back in February 2019, in a letter to Vladimir Putin, Sechin called OPEC + “a threat to the development of Russian industry”

Despite the fact that shale oil is just a minuscule in the US economy.

And Abdulaziz bin Salman called Putin on the day of the negotiations (he then understands that Novak is an errand boy), but Putin did not communicate ...
“We will regret it today,” said Saudi Energy Minister Abdulaziz bin Salman, leaving the meeting.

Bloomberg learned the content of Putin’s conversation with oil workers before breaking deal with OPEC
https://www.yandex.ru/turbo?utm_source=turbo_turbo&text=https%3A%2F%2Fwww.forbes.ru%2Fnewsroom%2Fbiznes%2F394569-bloomberg-uznal-soderzhanie-razgovora-putina-s-neftyanikami-pered-razryvom

“We will regret it today”: what will happen to the ruble and oil after the collapse of the OPEC + deal
https://thebell.io/my-eshhe-pozhaleem-o-segodnyashnem-dne-chto-budet-s-rublem-i-neftyu-posle-razvala-sdelki-opek/

[Victor March 47]

Quote: businessv

Quote: bessmertniy

However, in addition to it, many more poor countries for fuel resources will win.

Yes, only India has a billion people, so yes, it is the main beneficiary!

Billion people, 900 million using firewood, for cooking in bonfires near the house, even in Delhi. There are no countries in the world with such a division of people by income level as India. Nearby are marble palaces and slums. The traditional division into castes. Mixing which is punishable.

[Victor March 47]

Quote: patron

I do not agree with the author of the article.
the main beneficiary is clearly the United States.
in fact, as the initiator.
1. The exit from the transaction was initiated not by Ivanitch, but by the Saudis, read Salman.
Salman on a hook and a stiff leash on staff because of the murder and sawing of a "journalist". audio recordings are monstrous.
2. completely by accident, the United States, naturally with the aim of supporting its shale industry and supporting oil prices, announced the largest purchase of oil to replenish and increase its reserves.
Now watch your hands - shale oil is practically not used for the US stock - it’s inferior, because some products cannot be obtained from it. Venezuelan used to be purchased, and at predatory prices.
3. Calculate the difference between oil at 30 (at a discount of another 6-8 percent) and at $ 50 / barrel.
4. The United States will buy oil almost two times cheaper, blow off financial bubbles in its markets, blaming the Saudis and Russia for this.
Russia, naturally, did all this "maliciously".
5. I promise that they will quickly launch mechanisms to support their shales + lowering the price of fuel for consumers before the election (this is not with us, where it can only go up), then they will be in chocolate.
But what should Russia do?
shout urrah! and to buy back shares of state monopolies and the Russian oil industry on the stock exchanges at a very attractive price.
6. I'm sure, by the way, that Ivanovich knows more than we do about WHOM China will buy oil from during the decline in consumption and whose barrels will become "redundant on the Chinese market."

For consent or NOT consent, you need to have knowledge and information. What you do not have.

USA is the largest oil producer. And, lately, shale. The cost of which is much higher than traditional production. It becomes unprofitable even at a price of $ 40 per barrel. On average, but there are more profitable, and less profitable jobs. The current price has trimmed up to 40% of all shale oil producers.
Super stocks accumulated in the past become useless. Sell ​​part? US industrial policy in the past brought energy-intensive industries to African and Asian countries. Which under trump did not have time to return. And the one who uses cheap oil a lot wins. And now it’s not the USA.
The first place is occupied by Saudi Arabia. Each year, the volume of extracted "black gold" is approximately 585,7 million tons. Colossal deposits were discovered in the CA in 1938.

Russia is the second place. The average annual oil production is 554,3 million tons. In the Russian economy, the share of the extractive sector is 9,1%. Oil is produced in the fields of the Far East, Eastern Siberia. According to the latest data, the reserves of "black gold" in the country are more than 100 billion barrels.

USA is third place. Annual production is 543 million tons, that is 12,4% of world oil production.

Iraq is fourth. Production is 218,9 million tons. This country was among the leaders because of the Persian Gulf oil and gas basin.

Canada is in fifth place. The annual production volume is 218,2 million tons. Reserves are concentrated in Alberta - 95%.

[Not served]

Oil is produced in the fields of the Far East, Eastern Siberia.

What nonsense!
Oil is extracted from Kaliningrad to Sakhalin. The main regions are of course Western Siberia, Timan-Pechora (Komi \ NAO). But they also mine a lot in Tatarstan, Orenburg region, Samara region, Bashkiria. New projects in Central Siberia. But you will be surprised that oil is extracted both in the Krasnodar Territory, and in the Penza, Ulyanovsk Region, the Stavropol Territory, Udmurtia, the Saratov, Volgograd Region.

China, by the way, produces 200 million tons. On the 4th or 5th place in the world.

[boss]

mixed in a bunch of people, horses ...
I am about consumption, and you are about PRODUCTION.
here you are saying that "the United States is the largest oil producer", what are you talking about?
by the way, where did you get the information that oil production by hydraulic fracturing "becomes unprofitable already at $ 40 / barrel" ???
weakly.
learn the mat part, including about the difference in the properties of oil mixtures produced in different regions.

[Dmitry Vladimirovich]

The withdrawal from the OPEC + transaction from Sechin’s filing caused more damage to Russia than to the US shale.

Does anyone even begin to calculate decisions in Russia?

Oil revenues in the US budget are about 1%, in Russia 60%.

The United States exports 1,5 million barrels, imports about 7,5 million per day - i.e. buys about 6 million barrels (including from the Russian Federation). The Russian Federation exports about 5 million barrels per day.
That is, a drop in the price of oil of 7,5 million purchased by the United States is beneficial for them, and Russia selling 5 million barrels is not profitable in any way. Even if the US begins to import more in order to replace shale oil, and the Russian Federation will sell more. The fall in oil prices is not offset by an increase in production and exports by 5-10%

As a result of a stupid fight with the US shale industry - we have a 30% drop in oil revenues, while the US budget will not notice a drop in revenue at all, and the Russian budget will drop by 20% ...
In long-term forecasts, a drop in oil prices usually drives the US economy up.

We are again a laughing stock ... DOCTOR?

[boss]

read the article again.
The initiators of the disruption of the transaction from custody + are the Saudis.
Moreover, the Saudis, against the backdrop of falling consumption, offered customers a discount of $ 5 to $ 8 when buying from them, and this is an open price war.
the purpose of which is the crowding out of competitors, including the Russian Federation, from the markets.
about what "laughing stock DOCOL" do you write?
What control decisions are we talking about?
Do you seriously suggest that Ivanitch shift responsibility for the global decline in oil prices amid falling consumption ???
that many economists, both domestic and foreign, write that the time for cheap oil is coming.
yes, exactly 60% and the budget of the Russian Federation does not consist of "oil revenues".

[Dmitry Vladimirovich]

Quote: patron

read the article again.
The initiators of the disruption of the transaction from custody + are the Saudis.

Read the real events - not the ridiculous conjectures of the state press:
Lobbyist breaking the deal Sechin.

The head of Rosneft lobbied for the refusal to reduce production, people familiar with this issue told the agency. In February 2019, Sechin wrote Putin a letter stating that the deal with OPEC is a strategic threat to Russia and plays into the hands of the United States, wrote Reuters with reference to a copy of the letter to sources in the industry and in the government.

At the OPEC + ministerial talks in Vienna on March 6, Novak informed his counterpart from Saudi Arabia that Russia will no longer reduce oil production. “The ministers were so shocked that they did not know what to say,” one of the negotiators told the agency. Another informed source told Bloomberg that Saudi Crown Prince even wanted to call Putin on March 6th. But a spokesman for the Russian president made it clear that Putin would not intervene.

The Russian press is turning everything upside down - I repeat this is a clean jamb of the Russian Federation with the filing of Sechin!
Everything is in translation and in the public domain if you want to understand the situation:
https://www.yandex.ru/turbo?text=https%3A%2F%2Fwww.forbes.ru%2Fnewsroom%2Fbiznes%2F394569-bloomberg-uznal-soderzhanie-razgovora-putina-s-neftyanikami-pered-razryvom

[Dmitry Vladimirovich]

Quote: patron

The initiators of the disruption of the transaction from custody + are the Saudis.

Did Leontiev say that?
- His boss Sechin lobbied for a deal break - Bloomberg writes:

Alexander Novak told his Saudi counterpart, Prince Abdulaziz bin Salman, that Russia no longer wants to reduce oil production.

https://inosmi.ru/economic/20200309/247012622.html

[Kisa]

As I recall, the Russian Federation refused to reduce production proposed by OPEC, but in Russia, for some reason, the Arabs were accused of an aggressive game. Here I have a plug
after 2 days, the Arabs announced an increase in production by 20 million barrels by accepting the conditions of the oil war. Why they don’t explain to the population of Sechin, or who is there what our goals are in the game - to collapse the Canadians' Norwegians? Or ..... Now it would seem the other way round, everything should be done smoothly for the population so that they would come to vote for zeroing ...

[Nosgoth]

LIES. Russia receives less than 40% of its budget revenues from oil, certainly not 60%.

[Vladimir SHajkin]

The beneficiary will be not the one who buys cheaper, but the one who can get out of this crisis with a different model, not once of course, but at least in the strategic development plan.

[faterdom]

Right! The Saudis collapsed the market at the direction of Delhi. Indian puppets, long suspected ...

[Kuzmitsky]

The thing is that the Saudis are very fond of Indian films, so they decided to give a gift to the Indians :)

[honest people]

Quote: Vladimir_6

Quote: Tank jacket

I also noted you as a sane person

It is always a pleasure to meet a soul mate.

Are you sitting at the same table at the same level?

[Sergey Obraztsov]

About once every 10 years, an economic crisis occurs in the world. 98, 2008, now 2020. This is how the modern economy works. Well, we would agree on a reduction in oil production. Well, they would have delayed it for some more time. But he would have struck anyway. And given the pandemic situation sooner rather than later. And if Russia consciously started it on its own terms, then at least they were ready for the consequences. And this is already a lot, if you look at the history ...

[sen]

Throughout the world, due to falling oil prices, gasoline prices, kerosene, too, are falling, but we are standing.

[From Siberia we]

White House head Donald Trump said the United States will purchase large volumes of oil given its low price to replenish its strategic reserve. Following his announcement, oil futures jumped 5%.

“Based on the [low] oil price, I instructed the Minister of Energy to purchase a large amount of oil at a very good price for the strategic oil reserve. We will fill it to the very limit, ”he said at a press conference in the Rose Garden of the White House.

According to the American leader, such a decision will "save billions and billions of dollars to American taxpayers, and also help industry." He explained that the purchase of a large amount of oil "would have been impossible a week ago," but the decision was made at the right time and in the right place.

[duchy]

Hello, Add, "and in difficult moments we will sell this oil at unbeatable prices to our allies, like shale oil"

[voyaka uh]

"He explained that buying a large volume of oil" would have been impossible a week ago, "but the decision was made at the right time ..." ////
-----
So Sechin not only played up to India, but also allowed the Americans to fill their vaults with
bargain price? This is a multi-path!

[duchy]

Apparently all of these jumps with obstacles organized by India, then we note our strange ???

[honest people]

Quote: Alexey Sommer

Quote: knn54

Go to the exchange and you will see that MUCH has won the most. If the Fed is more specific.

"The darkest night before dawn." (C)
Maybe you remember how much MMM tickets cost before the collapse?

[iouris]

The beneficiary will kill the coronovirus.

[voyaka uh]

So did the Indians bribe Sechin?
And I wondered how he had managed to shoot him in the leg.
Now it’s clearer ...

[tolmachiev51]

Well, thank God that we are not !!! for sanctions again.