Military Review

Russia does not negotiate with Saudi Arabia on the situation on the oil market

96

The global oil market is oversaturated. For this reason, Russia does not see the point in increasing the extraction of raw materials.


This was reported by Bloomberg, citing a source in the Russian government.

The agency’s interlocutor also added that Russian producers decided not to increase oil production. This same information was previously voiced in an interview with reporters. TASS Head of Tatneft Nail Maganov. He argues that oil workers decided not to increase oil production, as the oil market is oversaturated due to the COVID-19 pandemic.

Riyadh chose a different strategy. As a source related to trading told TASS news agency, Saudi Arabia will increase oil production to 12 million barrels per day. At the same time, Saudis want to export 10,6 million barrels daily.

At the same time, according to the Russian source of Bloomberg agency, Moscow does not conduct any negotiations on the oil issue with Saudi Arabia. US President Donald Trump is convinced of the opposite. He believes that the negotiation process is ongoing, and, if necessary, is ready to join him:

Both countries are discussing this, and I will join at the right time, if necessary.
96 comments
Information
Dear reader, to leave comments on the publication, you must to register.

I have an account? Sign in

  1. businessv
    businessv April 1 2020 15: 23 New
    +1
    Riyadh chose a different strategy. As a source related to trading told TASS news agency, Saudi Arabia will increase oil production to 12 million barrels per day. At the same time, Saudis want to export 10,6 million barrels daily.
    We decided to go on the road, regardless of the fact that there was simply no one to buy their raw materials! Smart, however!
    1. Lannan Shi
      Lannan Shi April 1 2020 15: 33 New
      -1
      Quote: businessv
      Smart, however!

      Actually, yes, smart ones. If only because the Urals, right now, is trading at 16.96 per barrel. Which is already below the cost level for most new fields in Russia. And this forces either to trade at a loss, or to reduce production. The Saudis set a goal, in practice, to explain what is more profitable to negotiate than to bend your fingers, and clearly carry out the plan.
      1. Mountain shooter
        Mountain shooter April 1 2020 15: 53 New
        +8
        Quote: Lannan Shi
        The Saudis set a goal, in practice, to explain what is more profitable to negotiate than to bend your fingers, and clearly carry out the plan.

        Do Saudis want to negotiate? No. That they do not want. They want to really squeeze Russia out of the markets.
        For America ... And the game goes LONG. And if the price falls for a couple of months - it's nothing at all ... But for the "shale" of the United States - it turned out to be "painful" ... So what? Are we going to worry about "American shale"? We will not.
        1. Lannan Shi
          Lannan Shi April 1 2020 16: 08 New
          -3
          Quote: Mountain Shooter
          Do Saudis want to negotiate? No. That they do not want. They want to really squeeze Russia out of the markets.

          Well, yes, yes ... Yes, the Saudis scored on everyone and everything, and with a proudly raised head they dumped them from the negotiations. Where Russia took the brunt of reducing production. But not the other way around.
          Quote: Mountain Shooter
          But for the US shale, it turned out to be "painful".

          For the United States shale, this is absolutely all the same. It may hurt for some john and bills, but the industry as a whole is absolutely violet. Feature of shale mining - have prices fallen? Well, they closed the valve and went home. Did prices rise again? The new owner gathered the hard workers and the valve opened again. But to re-open the Siberian well .... Drilling a new one is not so much more expensive. And only not too smart people are capable of hoping for the death of oil shale due to price collapse. However, for the last 30 years, we have exclusively such a contingent at the top.
          By the way. 5-7 years ago, the profitability of oil shale was in the region of 70. Did you bring down prices once? Well done. Technologists are not standing still, and today the average profitability is around 1. Destroy further. You look at your prayers and at 40 learn to swing.
          Dixi.
          1. Mountain shooter
            Mountain shooter April 1 2020 16: 55 New
            11
            Quote: Lannan Shi
            Feature of shale mining - have prices fallen? Well, they closed the valve and went home. Did prices rise again? The new owner gathered the hard workers and the valve opened again.

            And what to do with the loans, hung on the "shale producers" for the most unbalanced ... Who will serve them?
            And there are hundreds of billions (half a trillion, according to rumors) tongue investors will lose money (116 lards have already, right now, turned into trash) - and you cannot lure them back into this industry. And they came when the oil was a hundred. In short, Trump is not in vain "fussing" ... Yes, it seems too late ...
            1. Avior
              Avior April 1 2020 17: 41 New
              +6
              And what to do with the loans, hung on the "shale producers" for the most unbalanced ... Who will serve them?

              nowhere
              The owner of the company will change
              for the owner of the old is bad, for the industry as a whole, no difference
              1. Ros 56
                Ros 56 April 1 2020 17: 54 New
                +3
                Don’t tell people, have you ever owned anything other than housing and a car?
            2. The comment was deleted.
            3. New Year day
              New Year day April 1 2020 21: 37 New
              +9
              Quote: Mountain Shooter
              And what to do with the loans, hung on the "shale producers" for the most unbalanced ... Who will serve them?

              1. American economist, vice chairman of IHS Markit Ltd Daniel Yergin: “Companies go bankrupt, but rocks do not go bankrupt. When all this shakes up, other people will appear who will develop the slate. ” These "others" will be more savvy, stable, ready to respond to the challenges of a new price war if Moscow and Riyadh suddenly want to measure their strength again. Weak companies will fall into strong hands, the collapse will be replaced by another boom. The industry will be able to rebuild itself.
              2. Energy Analyst Janus Henderson Investors Noah Barrett: The vast shale infrastructure is here to stay. And the North American shale itself has a certain advantage over the deposits of Russia and Saudi Arabia. This is such a dense rock that it does not collapse on its own in the event of an oil production stop. If in other countries production disruption can lead to irreversible damage, in the United States, oil shale will humbly wait for a new flow of investment.
            4. doodlez
              doodlez April 1 2020 23: 50 New
              -1
              And what to do with the loans, hung on the "shale producers" for the most unbalanced ... Who will serve them? insurance companies the entire oil industry of the united states is insured.
          2. businessv
            businessv April 1 2020 17: 30 New
            +3
            Quote: Lannan Shi
            For the United States shale, this is absolutely all the same. It may hurt for some john and bills, but the industry as a whole is absolutely violet.

            You probably don’t know how this industry actually works, if you say such nonsense so bravely !? Billions of investment funds are pumped into it through banks, trust funds, etc. financial instruments. Trump allowed to pump out as much as anyone can, so the industry came to life, but it is extremely dependent on oil prices because the cost is approx. 30, and taking into account taxes and breakeven, the average is about $ 57-60. Therefore, Eugene is absolutely right in his post!
        2. The comment was deleted.
        3. Oleg Zorin
          Oleg Zorin April 1 2020 20: 22 New
          +3
          American slate is 1% of GDP. And it is still very unknown what is generally more profitable for the US economy - oil on a cheap basis or the entire shale industry as a whole. But about the Saudis ... and the Russian oil industry workers would not refuse to squeeze the Saudis out of the market. Is not it so?
          1. Vadim237
            Vadim237 April 1 2020 21: 30 New
            -2
            Judging by Trump's screams today, oil shale is not 1% of the US economy.
      2. Sasha Minakov
        Sasha Minakov April 1 2020 16: 08 New
        0
        The basics of economics? No. I have not heard :-) Why are you bending your fingers? :-)
      3. businessv
        businessv April 1 2020 17: 32 New
        0
        Quote: Lannan Shi
        Actually, yes, smart ones.

        What do you draw such a conclusion from? From the fact that the Saudis sell non-renewable energy sources at bargain prices ?! I categorically do not share your point of view! This is a lot of stupidity, in my opinion.
      4. Retvizan 8
        Retvizan 8 April 1 2020 18: 13 New
        -1
        "Actually, yes, smart" ...
        However, be cunning dear. Having said "A" (about how harmful it is for the Russian economy),
        already say "B" (what is it like for the budget of Saudi Arabia)
        And for the economy of the CA budget, this is very critical because its deficit in recent years has been about 30%, and the share of revenues from the sale of oil in their budget is about 80%.
        Do you think being in this position will be easy for them to put pressure on Russia?
    2. den3080
      den3080 April 1 2020 16: 23 New
      +5
      I now think that fuel at gas stations in Russia will rise in price again.
      And they will all lucidly explain to us that it’s impossible in a different way.
    3. Stas157
      Stas157 April 1 2020 17: 11 New
      10
      . The global oil market is oversaturated. For this reason, Russia does not see the point in increasing the extraction of raw materials.

      Just got it!
    4. vadim dok
      vadim dok April 1 2020 18: 43 New
      +3
      Saudi oil is better than URALS, and costs less, as well as shipping by sea! Therefore, Saudi oil OBSERVES URALS from markets in Asia and of course in Europe! Yesterday at a cost of BRENT of about $ 24 ÷ 26 (a discount for URALS of about $ 4,5), it cost $ 13 in Rotherdam.
      1. Kasym
        Kasym April 1 2020 20: 01 New
        0
        Reuters said on March 25 that the PRC will purchase a record 1,6 mil in April. tons of Russian Urals oil. Multiply by 7,7 and get in barrels.
        The freight of tankers has increased. Consumption has fallen and all capacities (for example in the USA) are flooded. It is necessary to store in tankers. Vedomosti reported that in mid-March freight soared to 150 thousand dollars. for flights from March 11 to March 16. And this is from the Russian Federation to Korea. The cost of freight of supertankers increased to 240 thousand dollars. per day (last year about 70 thousand dollars per day) ... The Indians reserved for April the supertanker Princess Marie for 400 thousand dollars. per day.. hi
        1. Liam
          Liam April 1 2020 20: 11 New
          +4
          Quote: Kasym
          Reuters said on March 25 that the PRC will purchase a record 1,6 mil in April. tons of Russian Urals oil. Multiply by 7,7 and get in barrels

          About 12 million barrels. About 6 are exported on the day of the Russian Federation. We bought a 2-day volume of export growth.
          Moscow. January 3rd INTERFAX.RU - Export of Russian oil to non-CIS countries in 2019 amounted to 248,51 million tons
          Average daily exports recorded at 4,99 million barrels
          1. Kasym
            Kasym April 2 2020 00: 04 New
            -2
            In January it was 1,2 million tons ... Russia used to rely on the European market ... it's time to discover Asia. This is a good alternative. All this "baiga" with European energy packages got it. There are also all sorts of sanctions. It was high time to turn our attention to Southeast Asia. hi .
            1. Liam
              Liam April 2 2020 00: 25 New
              +4
              Quote: Kasym
              It was high time to pay attention to Southeast Asia


              China's oil purchases in Russia in November 2019 reached a record 7,64 million tons, which is almost 9,6% higher than the October level of 6,97 million tons, Bloomberg reports citing Chinese customs
              From 7,64 million tons in November 2019 to a "record" 1,6 million tons in April 2020?
              1. Kasym
                Kasym April 2 2020 19: 49 New
                0
                The argument is about nothing. I meant deliveries after the collapse of prices (after all, Vadim writes about this period). Until recently, our oil pipeline (10 million tons) in China has been leased by Rosneft. Now Kazakhstan is trying to increase these opportunities to 20 million. hi
  2. The leader of the Redskins
    The leader of the Redskins April 1 2020 15: 32 New
    +5
    So there is nothing to talk about at the moment! Trumps, as I understand it, among the Saudis. They order music, and we and the hostages can only adapt to the prevailing realities.
  3. Shahno
    Shahno April 1 2020 15: 35 New
    0
    Quote: Leader of the Redskins
    So there is nothing to talk about at the moment! Trumps, as I understand it, among the Saudis. They order music, and we and the hostages can only adapt to the prevailing realities.
    The Saudis have decided to increase the volume to ... Well, you understand why.
    PS. What is their prime cost there?
    1. Blackmokona
      Blackmokona April 1 2020 15: 45 New
      +7
      There are such estimates
      “The average cost of a barrel in Russia is $ 25-30 without taxes. And according to Saudi Aramco last year, the cost of oil production in our country is higher - $ 40–45. At the same time, the cost of oil in Saudi Arabia is $ 10-17 per barrel, depending on the field, ”Deev said.

      https://iz.ru/986275/2020-03-12/eksperty-otcenili-shansy-rossii-v-borbe-s-saudovskoi-araviei-za-evropu
      1. Vadim237
        Vadim237 April 1 2020 17: 51 New
        0
        In reality, from $ 9.
      2. vadim dok
        vadim dok April 1 2020 18: 49 New
        +3
        As well as the proximity of ports and cheap delivery by tankers! Very convenient location of the CA, UAE and Kuwait, all this helps the Arabs to keep the price of oil low! The Russian Federation has a very large leverage + expensive pipeline transportation!
        1. Vadim237
          Vadim237 April 1 2020 20: 02 New
          0
          It’s harder and more expensive to deliver on tankers - whatever you say.
    2. Steen
      Steen April 1 2020 15: 47 New
      +7
      The margin of profitability in the existing fields of Saudi Arabia (respectively, the costs of exploration and development are not taken into account) is less than $ 10.
    3. kjhg
      kjhg April 1 2020 16: 20 New
      +8
      Quote: Shahno
      What is their cost price?

      I don’t know what they have, but for our oil industry workers, according to the vice president of the company Lukoil Leonid Fedun, even the price of $ 25 is a disaster. He apparently meant that it was below cost. By the way, today (01.04.2020/13/XNUMX) the price of oil of our Urals brand fell to $ XNUMX for deliveries to Europe. But the main problem is that they do not want to take even for this price. Coronavirus problem plummets oil demand request .
      1. svoit
        svoit April 1 2020 17: 47 New
        -5
        Quote: kjhg
        even $ 25 is a disaster

        They have already earned so much money that they can very well transfer to the budget for many years the same amount as with the oil price of $ 65, even if they stop production and sale altogether. I am sure that this was Putin’s reckoning that transfers to the budget would not suffer in dollars, but Novak backed up, and Putin was a mountain for his friends.
    4. New Year day
      New Year day April 1 2020 22: 01 New
      12
      Quote: Shahno
      PS. What is their prime cost there?

      National Oil Company Saudi Aramco: The cost of producing one barrel is about $ 2,80. In the whole country - 18 dollars

  4. Chervonny
    Chervonny April 1 2020 15: 40 New
    16
    Russian producers decided not to increase oil production

    Saudi Arabia will increase oil production

    Some increase, others reduce oil production. These bourgeois marketers got all ordinary people. Nobody thinks about the people at all. Only all the thoughts of the neo-bourgeois about oil and how to enrich it.
    1. Dmitry Zverev
      Dmitry Zverev April 1 2020 16: 27 New
      +4
      Well said. At the moment, a situation is brewing when the entire mining industry needs to be nationalized. It's time to think about the Russian people. Stop stuffing pockets with folk money.
      1. Avior
        Avior April 1 2020 17: 42 New
        +5
        improper moment the price of oil is below cost, so only losses can be obtained
        1. New Year day
          New Year day April 1 2020 22: 04 New
          11
          Quote: Avior
          improper moment the price of oil is below cost, so only losses can be obtained

          the state of Russia bought back Rosneft's assets in Venezuela in the amount of $ 5 billion, that is, compensated the company for its losses in South America.
          1. Avior
            Avior April 1 2020 22: 13 New
            +1
            I wonder who did the audit and determined the market value of the purchased before the deal
            or just paid at the enclosed face value?
      2. Vadim237
        Vadim237 April 1 2020 17: 55 New
        -2
        The entire nationalized extractive industry will give the budget a maximum of 3 trillion rubles, the amount is not much and not little - since the state will have to pay dividends to shareholders since they previously invested in these mining companies.
      3. Oleg Zorin
        Oleg Zorin April 1 2020 20: 33 New
        +2
        And put at the head of the industry philologist. Or a journalist.
      4. Dmitry Zverev
        Dmitry Zverev April 2 2020 14: 52 New
        0
        Just a quote:
        "Official trade unions decided to contribute to the protection of the domestic economy in a crisis situation. Chairman of the Federation of Independent Trade Unions of Russia (FNPR) Mikhail Shmakov is concerned about the threat of seizure of strategically important enterprises, the value of which has fallen dramatically due to the crisis. As a preemptive measure, the FNPR proposes to start their nationalization ...

        In a letter to Prime Minister Mikhail Mishustin, the trade union leader proposed identifying such strategic enterprises with the help of the Russian Trilateral Commission for the Regulation of Social and Labor Relations. "
  5. knn54
    knn54 April 1 2020 15: 45 New
    +3
    I would not be surprised if the Patriot yawns during the next shelling of the refinery or towers.
    The Saudis forgot about the Yankees shale oil.
    The neighbors on the Arabian Peninsula, by the way, are also not enthusiastic.
    After all, OPEC is not only KSA.
    1. dgonni
      dgonni April 1 2020 16: 37 New
      +4
      Well, OPEC representatives also fit into this war on the side of the KSA. Well, a couple of missiles seemed to fly 4-5 days ago. But to no avail. In addition, for some reason, oil having won back 5 ever green papers to 25 dollars then collapsed again below 20. If a couple of missiles arrive again, then the oil of 10 dead raccoons will become a reality.
      By the way, KSA also brought down prices in the liquefied gas market by 50%. So they didn’t show the expansion, but not that.
      1. Vadim237
        Vadim237 April 1 2020 17: 59 New
        -4
        Having omitted thereby completely lowering LNG producers to minus.
  6. Shahno
    Shahno April 1 2020 15: 48 New
    +4
    Quote: BlackMokona
    There are such estimates
    “The average cost of a barrel in Russia is $ 25-30 without taxes. And according to Saudi Aramco last year, the cost of oil production in our country is higher - $ 40–45. At the same time, the cost of oil in Saudi Arabia is $ 10-17 per barrel, depending on the field, ”Deev said.

    https://iz.ru/986275/2020-03-12/eksperty-otcenili-shansy-rossii-v-borbe-s-saudovskoi-araviei-za-evropu

    What are we talking about. The cost is lower than in the Russian Federation. In the medium term. And the volumes again, not for war ..
    1. SSR
      SSR April 1 2020 16: 15 New
      +4
      Quote: Shahno
      What are we talking about. The cost is lower than in the Russian Federation.

      I only ask you to take into account that Russia drives oil mainly through pipelines and Arabs by tankers and owners of tankers raised the tariff for transportation and say for the 7-8-day tanker cruise, they increase the cost of a barrel by $ 10-15
      So it turns out that the Arabs have a cost of $ 10 and delivery of $ 10 and at a price of $ 20 they just work at zero and ours sell for currency and compensate for the losses by weakening the ruble))
      1. Quat
        Quat April 1 2020 17: 00 New
        +7
        But Russia does not pay for transit through pipes?
  7. fa2998
    fa2998 April 1 2020 16: 05 New
    +3
    Quote: Mountain Shooter
    But for the "shale" of the United States - it turned out to be "painful" ...

    I already wrote that "shale" is a fraction of a percent in the production of the USA. They will survive. But you can buy cheap oil abroad. And the price is lower for consumers.
    We have oil and gas, the basis of budget revenues, it is "painful". Moreover, our consumers do not even need to dream of lowering prices, they can only raise them. hi
    1. kjhg
      kjhg April 1 2020 16: 33 New
      +1
      Quote: fa2998
      I already wrote that "shale" is a fraction of a percent in the production of the USA. They will survive. But you can buy cheap oil abroad. And the price is lower for consumers.

      All this is true. But you do not take into account one small nuance - this is the upcoming US presidential election in the fall. An additional several hundred thousand unemployed to Trump are extremely undesirable, although for the United States as a whole, you are right, this is insignificant.
  8. KVU-NSVD
    KVU-NSVD April 1 2020 16: 10 New
    -1
    The Saudis will play to the blazing fields from missiles that unexpectedly arrived from somewhere .. It’s very easy even with a holey air defense, the Hussites at their side and the rest of the oil-producing world dissatisfied with such dumping
  9. 30143
    30143 April 1 2020 17: 35 New
    +5
    In a word, nonsense.
    After all, when there was a meeting of Trustees + in Geneva, Russia was offered to reduce production, which led to a loss of 3% of revenues. Three percent. And the greedy Novak and K0, what did they do? They sent everyone. And after that, the Saudis turned on the regime for increasing production ... the Russian Federation was warned, but as always, the frayer's greed destroyed.
    Really, the self-preservation instinct completely atrophied? Or did you think that the videoconferencing razrulit everything?
    1. Vadim237
      Vadim237 April 1 2020 18: 18 New
      -9
      No, just ours were smarter than you and everyone else. Russia really has something to replace the oil industry and gas revenues with the same production of medical devices that will take off every 30 vaccines of medicines this year with the production of CX products by the defense chemical IT sphere and many others, and at the same time bankrupt all small foreign oil producers and shale producers. Now the best gold asset in Russia will increase its production the same. Then the crisis will end and quotes will go up.
      1. 30143
        30143 April 1 2020 20: 09 New
        0
        Do you believe that? Defense - what weapons?
        Vaccines - others clasped hands? It seems to me that if this is a man-made virus, then there is already a vaccine for it. Only the time has not come ....
        A prince from the UK has recovered in 5 days? Do you believe them? Me not.
        Launching production is now very difficult. In our country (the Russian Federation and Ukraine), humanitarian education was mainly cultivated for the past 25 years.
        There are many managers. They will guide ....
        1. Vadim237
          Vadim237 April 1 2020 21: 45 New
          -1
          Ukraine is in deep debt - the sale of land promises to delay default. In Russia, everything is fine. Debts to the IMF are not. Gold and foreign currency reserves. 540 billion SWF. 12 trillion. Reserve fund of about 4 trillion. Don’t worry about us with education. Last year, secret exports amounted to $ 55 billion in armaments and special equipment this year will be the same.
          1. 30143
            30143 April 1 2020 21: 58 New
            0
            That's okay. Good news.
      2. New Year day
        New Year day April 1 2020 22: 16 New
        12
        Quote: Vadim237
        Russia really has something to replace the oil industry and gas revenues with ..

        replaced by the fall of the ruble
        Quote: Vadim237
        the production of medical devices that will take off every 30 vaccines of drugs this year by the production of CX defense chemical products

        rave! Where are the simple masks? Are you waiting from China? According to the Ministry of Industry and Trade, by February 2020, Russian manufacturers produce 1,2 million medical masks per day, which fully covers the country's needs. 20 manufacturers are engaged in their production, among which are the three largest enterprises that produce about 900 thousand masks daily. On paper, everything is fine, just find these masks in the pharmacy.
        The country produces per capita $ 33 medical devices per year. For comparison, in Kazakhstan this figure is $ 80, in Spain - $ 145, in Germany - $ 290, in the USA - $ 550. In 2018, domestic producers accounted for 24,3% of government procurement of medical devices
        Who will give you new technologies? Why are you replacing the apparatus for ventilation and PPE Dräger? Madame Skvortsova, who offers to connect FOUR patients to one ventilator!

        How is she going to set the regimes of vetilation for patients who are all different.? Absurd nonsense, like all her work as minister.
  10. Grading
    Grading April 1 2020 18: 31 New
    +2
    Quote: Vadim237
    Having omitted thereby completely lowering LNG producers to minus.

    In connection with the commissioning of new terminals, American LNG producers continue to set records for LNG shipments: in January 2020, US LNG exports grew by 96,7%. This is because buyers of US volumes, according to the widespread model of contracts *, have essentially long-term take-or-pay liquefaction contracts. Thus, by paying fixed payments and selecting LNG cargo at the terminal, buyers of American LNG independently determine the final market, guided by the price attractiveness of a particular region.

    Support for such a contract model is provided by those who decreased in the first quarter. 2020, natural gas prices in the United States (Henry Hub fell below $ 1,6 / million BTUs).
    1. Vadim237
      Vadim237 April 1 2020 20: 08 New
      0
      I'm talking about the fact that these companies haven’t arrived for a long time; they won’t be able to dump forever.
      1. 30143
        30143 April 1 2020 20: 10 New
        0
        They can. Fanatics are printing ...
        1. 30143
          30143 April 1 2020 20: 22 New
          0
          Sorry, wrappers will print
          1. The comment was deleted.
        2. not main
          not main April 1 2020 22: 29 New
          0
          Quote: 30143
          They can. Fanatics are printing ...

          Freudian slip?
          1. 30143
            30143 April 2 2020 06: 57 New
            0
            Well no. AutoCorrect interferes. Do not keep track and get it.
  11. The comment was deleted.
    1. Oleg Zorin
      Oleg Zorin April 1 2020 20: 17 New
      +1
      The surplus overhang in the market is about 12-15 million bar / day. Two options for resolving the problem. Either the Big Three (USA, RF, SA) get together and agree on production volumes, or throw someone out of the market altogether. Unless, of course, the United States is interested in at least a decent price for oil.
      1. Vadim237
        Vadim237 April 1 2020 21: 48 New
        -3
        That's just the United States and they will throw out the weakest link with its shale-credited bubble. Trump about this is already raising a tantrum.
      2. Kronos
        Kronos April 1 2020 22: 57 New
        +3
        Oil has outlived its technology so its price is red $ 13
  12. Grading
    Grading April 2 2020 06: 08 New
    0
    The price formulas for Russian Urals oil on March 30-31 corresponded to negative values. This was reported on Wednesday by Argus Media.

    According to him, transportation costs, payment of export duties and other expenses exceeded the average cost of Urals oil on Monday and Tuesday.
    “Suppliers worry that a long period of low prices will contribute to zero or even negative profitability of oil sales in Russia,” the agency notes.
    An Argus Media report said Tuesday that Urals oil prices in Northwest Europe fell to their lowest level since March 1999 - $ 13 per barrel. According to the Ministry of Finance of the Russian Federation, the average price of Urals oil in January - March 2020 amounted to $ 48,18 per barrel.
  13. lvov_aleksey
    lvov_aleksey April 2 2020 19: 15 New
    0
    blah blah blah (about Trump), tankers departed from the shores of the SA, but they don’t see the shores of delivery !!!
  14. lvov_aleksey
    lvov_aleksey April 2 2020 19: 16 New
    0
    Quote: Grading
    The price formulas for Russian Urals oil on March 30-31 corresponded to negative values. This was reported on Wednesday by Argus Media.

    According to him, transportation costs, payment of export duties and other expenses exceeded the average cost of Urals oil on Monday and Tuesday.
    “Suppliers worry that a long period of low prices will contribute to zero or even negative profitability of oil sales in Russia,” the agency notes.
    An Argus Media report said Tuesday that Urals oil prices in Northwest Europe fell to their lowest level since March 1999 - $ 13 per barrel. According to the Ministry of Finance of the Russian Federation, the average price of Urals oil in January - March 2020 amounted to $ 48,18 per barrel.

    old information, everything has long changed, read the news.