When to count we became barrels


On the night of Friday to Saturday, oil producers of 25 countries, which Mexico soon joined, put their virtual, but legally valid signatures on an agreement to reduce quotas for oil production around the world immediately by 10 million barrels per day.


Such a decrease should provide the necessary balance of supply and demand, while maintaining oil prices at a level that should provide the opportunity to develop low-margin deposits in Russia and implement shale projects in the United States.

However, let us not rush to the allegations that on April 10 a new oil and gas era began. The real crisis in the global economy is just beginning, and even the return of China from the state of the semi-committee practically does not change anything. The fact is that the process of collapsing sales markets for Chinese products is growing, although quarantine in Europe may have to be completed quite soon. Just because further it will only get worse. And not only according to the very statistics of deaths stretched.

Oddly enough, the signing of a new agreement from the OPEC + series was a surprise for many. But was it worth it to count that the game of Russian roulette with six rounds in a drum would really continue? Now it remains only to assert on the Internet that Russia is “bent”, and in any case it will be a loser.

I would like to ask the authors of such posts and blogs: why did you vote that way about the divorce from OPEC and the spectacular March demarche of Minister Novak? They raised a panic, drove a wave, as is now done with a pandemic? Most likely, it is, although it is not necessary to blame for the engagement of those who are ready to vote for free at least ad infinitum. And it doesn’t matter which way.

So, on the night of April 10, after hours of vigil at the huge monitor screens of the country, oil producers signed an agreement in the OPEC + format. At first, not everyone signed: Mexico started, which a week before was ready to ship “black gold” to American tankers for nothing. Just not to completely cover up your oil production.

But passions subsided unexpectedly quickly, unlike the negotiations themselves. However, the negotiations turned out to be protracted largely due to technical problems and translation difficulties. Mexicans were generally taken away surprisingly promptly, in just a day, and not without the personal participation of the American president.

It soon became known that the United States simply took over almost the entire Mexican quota. And with what promises Donald Trump managed to cope with American private miners, more precisely, with the entire oil lobby, is not so important. After all, Russia had previously been told about Russia that it had refused the deal in March only because the United States was not attracted to it.

Well, it turns out, and did it right? And let the current levels of decline can not be compared with March. But the situation in the world economy is much worse now, which means that there is no reason to count on the return of demand. The new agreement, we repeat, assumes the largest stories reduction in oil production. It will be 10 million barrels per day; this is a tenth of global consumption before the onset of the coronavirus pandemic.

These strange old scores


The OPEC + deal in the April edition, with the participation of 26 countries at once, seems to put an end to the price war on the oil market that erupted in early March between Russia and Saudi Arabia. But whether it poses a big question. The XNUMXst century is not the time when any treaties are respected for a really long time and by all. Over the past few years, the United States has accumulated too rich experience in this regard.

We must not forget that the same owner of the White House always has a "excuse" in his pocket in the form of a reference to the fact that the American oil industry is by no means state, but almost 100 percent private. Russia, on the other hand, entered into tougher agreements with OPEC not at all threatened by a more serious decline in production volumes.

Characteristically, this is exactly what very many are ready to say now, starting with Leonid Fedun, who is by no means the last post in LUKoil, who compared the deal with the Brest Peace. The comparison, of course, is beautiful, but the representative of Russia at the talks, Minister of Energy Alexander Novak, was simply satisfied with the fact that someone else would not be able to use the deal.

In fact, it is unlikely that anyone seriously could doubt that in the month after the "oil divorce" in Vienna, the minister did not manage to get acquainted with the position of not only authoritative representatives of the industry, but also the president of the country. Now it is absolutely certain that the time has come to draw some conclusions, albeit intermediate ones: too many unknowns arise with the pandemic and the crisis.

But in any case it is necessary to evaluate the gains and losses. It would be nice to figure out who is right: those who are already blowing fanfare in honor of the great victory of Russia, or stubborn defeatists. But first, let’s say a special thank you to the American leader for having involved both Mexico and Brazil in the agreements with OPEC, and also did not play too openly on the contradictions with Venezuela, leaving even the “favorite” topic of drug trafficking out of the blue. And quotas, production volumes at least three to four months in advance and the prospects for new fights for markets will be considered and evaluated later, at the exit from the coronacrisis.

So, we are told that Moscow will now have to reduce production by almost four times against what it refused in early March. We verify this statement. Now Russia and Saudi Arabia have to cut production by two months by 22 percent from 11 million barrels per day, that is, up to 8,5 million barrels per day. We get no more than 2,5 million barrels.

Critics of the Russian delegation at the virtual conference now recall 600 million barrels, for which Alexander Novak came to Vienna in early March. Most likely, this is really a real number, but Moscow already understood that it was unlikely that it would be possible to defend this “minimum” quota, although it was very suitable as a starting position for bargaining.

However, the OPEC proposal with a quota of 1,5 and even 1,6 million barrels, which followed almost immediately and without any hint of the possibility of discussion, was an unexpected and extremely unpleasant surprise for the Russians. In such a situation, the departure of our delegation from the meeting of the monitoring committee was, you see, quite justified.

It is difficult to say what would have been possible to bargain with OPEC in a different way, but most likely it would have been a million barrels with a very solid hook - in the amount of 200-300 thousand barrels at best. Russia, in fact, preferred to put the entire oil and gas market on hold, accepting as a necessary evil a very substantial financial loss. Solid, but temporary. And all this, we recall, was still under the March, fairly steady demand for hydrocarbon raw materials.

Everything did not change all of a sudden


Over a month after that, too much has changed: both in the sphere of oil production and in the global economy as a whole. After an unprecedented drop in the market of millions of Saudi barrels, the natural reaction of the markets was a catastrophic drop in oil prices, reaching 27 percent in just two trading sessions.

But at the same time, quotations of the national oil company Saudi Aramco fell along with oil prices. Meanwhile, Donald Trump for some reason decided to share optimism about low oil prices, and immediately gave the go-ahead for large-scale purchases of fuel in the US strategic reserves. And after that, China hurried to acquire a record high amount of Russian oil.

The demand for “black gold” continued to decline, not only and not so much because of the oil war, but for a completely different reason - due to the stagnation of the world economy that began. The increase in the notorious Russian “reduction quota”, as we see, is approximately twofold, now no longer looks any unique. For example, Saudi Arabia has a new quota more than March quota by at least 60 percent.

In addition, there is no certainty that Riyadh seriously intended a month ago to “squeeze” immediately by 1,6 million barrels. Otherwise, why then try to "bend" Russia so? A simple calculation shows that, compared with the March proposal from OPEC, Russia now also faces no more than a 60 percent increase in the quota.

Summing up, we note that other countries in April also incur significantly increased reduction commitments, in addition, as you know, the new deal turned out to have much more participants than in March. By and large, there are simply no dodgers now. Not at all - this is exactly what Russia sought first.

However, Russia, like other parties to the OPEC + deal, is worried that the new quotas may turn out to be an “insufficient response to the crisis.” The imbalance in oil production and consumption due to the coronavirus pandemic is enormous. OPEC Secretary General Mohammed Barkindo estimated it at 30 million barrels per day and called it "extremely frightening."
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  1. DMB 75 April 14 2020 05: 25 New
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    We survived. We sit all over the country and consider barrels. In the USSR, we were not so dependent on oil prices, we didn’t know about the dollar exchange rate, because we were a developed industrial power, and not a country that mainly uses raw materials and natural resources per pipe cordon drives and sells in echelons.
    1. Pessimist22 April 14 2020 05: 47 New
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      But they depended on the course of the party and the party nomenclature.
      1. DMB 75 April 14 2020 06: 14 New
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        Yes, it’s better to depend on the course of the CPSU than on edra. They have already led the country to a place where neither Makar did not drive calves, nor Susanin knew the way. To the full thief. A thief drives a thief and a thief, but singers with actresses and athletes. Wonderful party.
        1. Pessimist22 April 14 2020 06: 18 New
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          And the CPSU brought the country to collapse and division.
          1. Svarog April 14 2020 07: 55 New
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            Quote: Pessimist22
            And the CPSU brought the country to collapse and division.

            The CPSU made the USSR the second world economy, with its own developed industry and science .. And the traitors in power brought to collapse ..
            1. 72jora72 April 14 2020 10: 18 New
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              The CPSU made the USSR the second world economy, with its own developed industry and science .. And the traitors in power brought to collapse ..
              And Khrushchev became the first traitor, he collapsed and went .....
            2. Peter is not the first April 14 2020 10: 19 New
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              No, it was not the CPSU that made the USSR the second world economy, but the CPSU (B.). It was at this time when the Communists so named their party that the biggest changes took place in the structure of the national economy, and the country became industrial.
            3. NEOZ April 14 2020 14: 46 New
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              Quote: Svarog
              And traitors in power brought to collapse ..

              something I don’t remember the rebellion against the traitors ...
              1. Fan-fan April 14 2020 19: 48 New
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                And now, are there revolts?
          2. DPN
            DPN April 14 2020 08: 53 New
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            Fish always rots from the head. And B, Stalin cleaned it up periodically. Now only the name is changing
      2. Dante Alighieri April 14 2020 06: 43 New
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        But they depended on the course of the party and the party nomenclature.

        What has changed? The party, at least, was hiding behind some kind of popular interests, and even something fell from the people, by the way, according to sociologists who called the Soviet nomenclature one of the lowest paid management classes in world history, the people got not so few. And I tend to agree with that. Indeed, what are the party dachas compared to the castles of the current “masters of life”, all the more so since neither dachas, nor hospitals, nor entire research institutes working for the benefit of individuals, have also disappeared. Only now people don’t remember the people and their interests at all, and they don’t have any gesheft from the actions of those in power, meekly covering all the costs of the “ingenious” economic policy from their own meager savings, taking credit for future generations.
        1. Pessimist22 April 14 2020 06: 54 New
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          Well, you write to the members of the CPSU, they have collapsed and they are with the leadership now, the former.
          1. Dante Alighieri April 14 2020 07: 26 New
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            Well, you write to the members of the CPSU, they have collapsed and they are with the leadership now, the former.

            I do not remove responsibility from them, just as I do not remove it from the Soviet people, who calmly swallowed the betrayal of the elites and did not oppose the destruction of their state. I just drew your attention to the fact that everything remains in its own circles, just today there is no screen called "workers' interests" and with which there is no no yes I had to reckon with, and the party itself was transformed from a national servant to a usurper on behalf of capital.
        2. rotkiv04 April 14 2020 07: 46 New
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          I agree with every word and recall one of the last television interviews with Prime Minister Ryzhkov, he then roughly said that you (the people) really want capitalism and think our system is rotten, but you just don’t know what capitalism is and you’ll still remember about socialism
          1. Snail N9 April 14 2020 10: 12 New
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            Now Russia and Saudi Arabia will have to cut production by two months by 22 percent from 11 million barrels per day, that is, up to 8,5 million barrels per day. We get no more than 2,5 million barrels.

            Oh, these "calculations" .... And if you think like this:
            According to the latest data, the OPEC + deal involves a reduction of 2,5 million barrels per day. Saudi Arabia and Russia. Seems equal amount? But only for the Saudis who have sharply increased production, this is simply a return to the levels of March of the current year - before the failure of the deal by Putin. But for Russia, this is a real reduction of 2,5 million, and now no one will take into account all well-known calculated tricks ...

            Or so:
            Reduction in production by 2,5 million barrels per day for Russia - is it a lot or a lot? The answer can be taken from the available data on domestic oil demand. In Russia, it is 3,2 million barrels per day. (By the way, even Saudi Arabia consumes more - 3,9 million barrels. The consumption structure, of course, is different, since Russia also consumes gas (460 billion cubic meters per year versus Saudi 100), but certain questions regarding the relations of economic power already arise) .

            Russia's export opportunities are production minus domestic consumption. With a reduction in production to 8,47 million barrels, Russian exports will amount to 5 million barrels per day, compared to 8,15 million before the deal. OPEC + 2.0 reduces exports by a third. This, of course, is a purely calculated value, since in recent weeks demand for Russian oil has fallen much more than a third, and the volumes sold had to be stimulated with absolutely fantastic premiums.

            Oil was budgeted at a price of $ 42, or $ 342 million per day. Now, at current prices (31,8 Urals grade as of April 10), the revenue ceiling is $ 160 million. Less than half. And this despite the fact that for the sold oil you still have to pay a substantial discount to the buyer - from 5 to 10 dollars and more. That is, real revenue will be somewhere around 120 million dollars a day. And this is almost three times less than what was budgeted. In fact, with such indicators, the country in the remaining 8 months will receive less than $ 54 billion, or 4,4 trillion rubles.

            And you can "count" and like this:
            “With regard to the agreement, there are approximately 180 thousand working oil wells in Russia, the exact number is constantly changing - some new ones appear, some are closed.

            In order to decommission 23% of production, as promised, it is necessary to close about 14 thousand wells.
            The average well produces 9,5 tons per day.

            If in Saudi Arabia, where a well produces 1000 or 2000 tons per day against our 9,5 tons, it is enough to shut up a certain number of wells, then we need to almost 16 times increase the number of closed wells.

            It should be borne in mind that in Saudi Arabia, oil flows freely under reservoir pressure, while in our country 85% of the wells are equipped with pumps - submersible or rocking machines.
            That is, you need to turn off the electricity so that the oil stops flowing, and stop pumping underground water that displaces the oil. Technically, it seems to be simple, but then it is difficult to restore it. It is expected that we will reduce production by two months. If the Russian well is idle for two months, deposits of paraffins and stearins will start in it, which will clog it. It is necessary to clean all this, remove the equipment. In the north, wells sometimes freeze, hydrate crystals form. It is necessary to use solvents, paper clips, remove the pumps, clean everything, immerse again - this is a very expensive task. Firstly, the number of wells is gigantic, and secondly, these are technical problems. This is not Saudi Arabia, this is Russia.

            Suppose for two months we drowned out everything that we could drown out, and then we will have some kind of relief. Starting in June, we will see a reduction of 8 million barrels, and next year - by 6 million barrels. Something can be restored. Well, oil workers will restore work at old wells and that will be enough, but all investments in new projects and the development of new reserves will be put on the shelf, because there is no money.
            Profits will decline, but since domestic consumption must be satisfied, they will be cut by export.
            Exports will be reduced by about half, but what does this mean?
            Even if, under the influence of OPEC + measures, the price rises a little, incomes due to a reduction in revenues to the national budget will still be less. This is a financial disaster. This will mean a very rapid depletion of the National Wealth Fund, then there will be sequestration of the budget, cost reduction, and what expenses will be reduced, of course - not for the maintenance of the presidential administration or the punitive from the Russian Guard, but for state employees, teachers, science, healthcare, education, pensioners. It will be very bad, devaluation will occur, terrible inflation will begin. For ordinary Russians, the consequences will be extremely dire. "

            I don’t even know how it’s “better” to count .... request
    2. Krasnodar April 14 2020 09: 23 New
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      Quote: DMB 75
      We survived. We sit all over the country and consider barrels. In the USSR, we were not so dependent on oil prices, we didn’t know about the dollar exchange rate, because we were a developed industrial power, and not a country that mainly uses raw materials and natural resources per pipe cordon drives and sells in echelons.

      How is it not dependent? )))
      The receipt of currency for the purchase of Canadian wheat and industrial equipment (about 50% of the total) was carried out through the sale of oil. With a decrease in oil prices, they tried to make up the foreign currency deficit by trading with the CMEA countries in dollars, which is why they refused, because nobody wanted to buy low-quality products for the bucks at the rate set by the USSR — that’s the leader of the processes that ruined the country hi
      1. DMB 75 April 14 2020 09: 38 New
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        So the share of revenues from the export of fuel and electricity in the budget of the USSR was a maximum of 10 percent. Moreover, the statistics were usually given along with electricity, it turns out that the share of fuel was even less. Sorry, but the share of less than 10 percent does not pull at all to call it the "oil needle" and to say that the USSR was completely dependent on oil revenues, like this is happening now. After all, after all, the USSR produced almost everything on its own, depended little on external goods, and it is unlikely that even a half reduction in oil revenues could somehow affect the collapse of the USSR. Even when in 1986 there was a sharp drop world oil prices - the USSR received for export of oil and oil products only 5 billion foreign currency rubles instead of the previous 10-12 billion rubles a year, while the total export in the country in 1986 amounted to 68,3 billion rubles. oil sales turned out to be slightly higher than 7% of the volume of all exported goods, in the best years it reached 15% .15%. Is it an "oil needle", excuse me? Now what? From 35 to 65%, at different times. Here and discusses the whole country oil prices ..
        1. Krasnodar April 14 2020 10: 30 New
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          The USSR became dependent on the oil industry after the 1973 oil crisis.
          Own production:
          agriculture and food industry could not satisfy the needs of the population. To feed people, more and more food was bought abroad. If in 1970 2,2 million tons of grain was imported, then in 1975 it was already 15,9 million tons. By 1980, grain purchases had grown to 27,8 million tons, and five years later it amounted to 44,2 million tons. For 15 years - twentyfold growth! Slowly but surely, food shortages were rampant.
          Light industry:
          XXVI Congress of the CPSU (1981), - that from year to year plans for the release of many consumer goods, especially fabrics, knitwear, leather shoes ... are not fulfilled
          Shortcomings were covered by purchases for foreign currency - food and goods. If clothes and shoes could be bought from CMEA for rubles, then food was bought exclusively for dollars from the West.
          Accordingly - it was possible to feed the country for bucks, the main source of income of which was oil.
          1. Pissarro April 14 2020 12: 33 New
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            Not tired of the lies of the liberals everywhere to shove? In 1970, a Soviet citizen received 50 kg of meat per year, and in 1990 more than 70 tons. Cattle need to be fed, feed grain was purchased. To blame the Soviet system that it has become better to feed the population in dissatisfying the demands of this population itself, you need to be a talented manipulator of numbers, it’s not good
            1. Krasnodar April 14 2020 12: 45 New
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              laughing
              in May 1984, at a meeting of the Politburo, Chairman of the Council of Ministers of the USSR N.A. Tikhonov stated: “Mostly the oil that we sell to capitalist countries is used to pay for food and some other goods. In this regard, it is apparently advisable to provide a reserve for possible additional oil supply in the amount of 5-6 million when developing a new five-year plan. tons during the five-year period
              This is about "feed grain."
              And more:
              Despite a sharp increase in meat imports (by the beginning of the 1980s, the country purchased almost a million tons!) Per capita meat consumption grew only until the mid-1970s, and then almost stopped at 40 kg per person.
              1. Pissarro April 14 2020 12: 49 New
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                Despite a sharp increase in meat imports (by the beginning of the 1980s, the country purchased almost a million tons!) Per capita meat consumption grew only until the mid-1970s, and then almost stopped at 40 kg per person.


                So indicated in your propaganda training manual. In fact, by the end of the USSR it was about 70, these numbers fly out in huge numbers in the form of a bunch of graphs in any search engine, I can’t mount these graphs from the phone, but anyone can make sure of your lies
                1. Krasnodar April 14 2020 12: 54 New
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                  Version of the USSR lovers
                  [That's how the meat balance in the USSR was about. All Soviet statistics on the sale of meat to the population is the sum of three lines: state, cooperative trade and catering. So in 1985, 12 million 359 thousand tons of meat were sold through these three channels - that is, with a population of 272 mil people, 45 kg of meat per capita. Those who like to talk about Soviet statistics made here would be better to shut up, because for every kilogram sold, the trade organization was obliged to hand over the denyushka to the cash register. According to contemporaries, through co-op. then large volumes of “left”, unaccounted for meat were scrolled through trade, and profits were put into one’s pocket. That is, the number 45 is underestimated. It also does not include market trade, nor own production, nor hunting.
                  hi
                  But without taking into account mass theft in catering)).
              2. Pissarro April 14 2020 12: 59 New
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                Meat consumption in the USSR
                1. Krasnodar April 14 2020 16: 23 New
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                  I can give you ten more other sources that refute this schedule, but we talked about the massive purchase of food by the USSR for petrodollars)). Do you deny it?
                  1. Pissarro April 14 2020 16: 47 New
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                    If you call livestock feed food, then I do not argue with you)
                    1. Krasnodar April 14 2020 17: 26 New
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                      1963 - extensive agriculture in the conditions of an arid steppe quickly led to the degradation of a thin fertile soil layer, crop failure, the death of sown areas and the development of "black storms". The USSR again faced the threat of hunger. According to previously signed agreements, the USSR was to continue to supply grain to its allies. The leadership of the CPSU was forced to purchase grain from the United States.
                      The USSR purchased 10,4 million tons of grain and 2,1 million tons of flour from the United States. did flour go to livestock feed?Part of the procurement was forced to re-export. Ngrmalization came in 1964, but a year later, under Brezhnev, the previous situation repeated. They bought another 9 million tons of grain, and the balance was restored. The USSR has become chronicly dependent on food imports since 1972. In that year, only 1 million tons of grain was exported from the USSR, and 23 million tons were imported, and turning points in this regard were 1975 and 1979, when grain exports fell to almost zero, while at the same time, 27 million were purchased (according to other sources) - 22 million) and 31 million tons of grain. 1985 was critical - it was necessary to purchase 47 million tons (45,6 million according to other sources) tons of grain. In many ways, it was such a strong food dependence of the USSR that became one of the incentives for the Soviet leadership to declare Perestroika policy.
                      This is from my training manual. ))
                      1. Pissarro April 14 2020 17: 42 New
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                        The fact that not even 99, but 100 percent of all Khrushchov’s decisions were absolutely criminal, I agree with your training manual. ) This character was a deliberate pest, so much so that it was obvious that he was turned in by consensus.

                        On the purchase of grain under Brezhnev, I remain in my opinion. Fed cattle. Union collapsed, cattle slaughtered. We buy meat. Arable land has not increased, but the world is littered with grain. I wonder how you think why we previously purchased, and now we export in large quantities on the same amount of land.
                      2. Krasnodar April 14 2020 17: 46 New
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                        What kind of cattle? )))
                        People were fed. Maybe they also bought a cap, but mainly beets and compound feeds were used for feed using the same fodder, fodder corn and other things. About why we export - the answer is simple. Earth needs a master. It was not at the collective farms and state farms, therefore I remember the eternal Soviet reports about the "battle for the harvest."
                      3. Pissarro April 14 2020 17: 49 New
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                        Do you have any idea how to harvest wheat? How does the combine work? What does it matter whose property. The harvester works the same in any case. The funniest thing is that I write this to a person with the nickname Krasnodar)
                      4. Krasnodar April 14 2020 19: 57 New
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                        The coolest thing I have in mind laughing It must be sown, if winter crops must be discarded, the land must be removed on time, otherwise it will begin to crumble, choose, depending on the type of wheat and soil type, the method of harvesting with the same combine harvester, thresh ... sometimes the soil needs to be moistened, in short - a lot of nuances. It must be stored correctly)).
  • Igor Aviator April 14 2020 09: 58 New
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    It’s strange, it seems like the age difference between us is small (if your nickname corresponds to the fact that you really were discharged from an urgent one in 1975) I personally graduated from the Higher School of Education in 1986 and I remember very clearly that “chuckler” who rose where in 1988, due to the fall in oil prices provoked by the Saudis, in collusion with the Americans, first below $ 20 per barrel, then below 10. And already in 1990, arriving in the Union on leave from the GSVG, I came to another country, with empty shelves in the sales stores, desperate people. And then, during the "withdrawal", as part of a regiment thrown into the wilderness, I drank a sense of misfortune with a full spoon, especially when I did not go along the railway station early in the morning, contrary to the usual, suburban diesel engine to Spas-Demensk ... and later did not go .. .
    Maybe you already have an age, with memory? By the way, the main export items (outside the CMEA) of the USSR were oil and raw materials, and, to some extent, weapons. This is so, for education, if that ...
  • NEOZ April 14 2020 14: 44 New
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    Quote: DMB 75
    Under the USSR, we weren’t so dependent on oil prices,

    but we ourselves destroyed the USSR ..... here we are slurping ....
  • Kent0001 April 14 2020 18: 08 New
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    Well, yes ... therefore, as a result, they fell apart .... unfortunately. And so you have a normal post for collecting pluses.
  • Grading April 14 2020 05: 40 New
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    Once again, we break through the next bottom is a breakthrough or even a jerk.
    1. DMB 75 April 14 2020 06: 10 New
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      Darkness. Middle Ages. As soon as his tongue turned to offer it ... He himself would go to the porch.
      During Lent, pious priests change from luxurious Cadillacs and Maybachs to modest Toyota and Mercedes ...
      1. DPN
        DPN April 14 2020 09: 02 New
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        He suggested correctly, they didn’t want to live humanly under socialism, live with alms, beg, useful for shaking the body.
    2. Old partisan April 14 2020 07: 08 New
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      And this is taking into account the fact that these figures from the Russian Orthodox Church, Muslims and others constantly rub in the administrations of any level and literally gypsy money for poor unfortunate parishes.
    3. Pissarro April 14 2020 08: 21 New
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      The patriarch On behalf of the Russian Orthodox Church said the exact opposite, sit and pray at home, and do not roam the street for alms. As liberals, they are pathetic in their lies. Open media, clowns)
    4. Fan-fan April 14 2020 20: 08 New
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      We still have people to keep priests, but instead of keeping the priests, priests “blather” on the people. I remember very well when in St. Petersburg people were forbidden to go to church because of the virus, so the priests raised such a high.
  • Ross xnumx April 14 2020 06: 14 New
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    However, Russia, like other parties to the OPEC + deal, is concerned that the new quotas may turn out to be an “insufficient response to the crisis.”

    Oh! How quickly we came to our senses from the "Novakovsky" slamming of doors. Worried, speak? And in order to calm down, it is necessary to cover the costs from the pockets of Sechin, Novak and everyone who drew “figs” instead of judicious discussion and working out the terms of the agreement ...
    These ordinary Russians may be concerned that in any situation on the hydrocarbon market they remain extreme.
    1. Deck April 14 2020 06: 34 New
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      But on VO every day new articles in which tell how we all outplayed thanks to a cunning plan. Bots came running that said that the main thing was that they were shitting the Americans. Now even the shareholders of oil companies write on VO. For example nikvik46:
      But I know, when I go to the store, almost all the products for me are paid for with oil and gas

      The propagandists have a hot time, you need to convince people that there is less money, but it's great!
      1. Stas157 April 14 2020 06: 46 New
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        Not an article, but political information. Formation of a “correct” ideologically conditioned attitude to facts.
        1. Stirbjorn April 14 2020 10: 18 New
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          Quote: Deck
          But on VO every day new articles in which tell how we all outplayed thanks to a cunning plan.
          Yes, for sure. The Kremlin has managed in this oil war, how could you say, what is there to discuss ?! wassat No, let's post a new article every day! Soon they will be completely exotic, such as in the comments to the article, Mongol users awarded the complete victory to Russia and Putin personally. And the local traveler padded jackets, on the fingers, will convey the logic of distant Mongolians
  • nikvic46 April 14 2020 06: 18 New
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    If we were already writing about liberals of all stripes, it would be nice to write about those who feed them. All this is very far from me. But I know that when I go to the store, almost all of my products are paid for with oil and gas. Earlier, oil measured in tons, now in barrels. "And in parrots I am more." Joke.
    1. Pissarro April 14 2020 12: 28 New
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      Specify what products for you in the store are paid for with oil and gas, if the store has domestic products?
      You look like some kind of special store)
      1. A.TOR April 14 2020 18: 25 New
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        Oil and gas, i.e. the currency earned from their sale, pays for spare parts for imported agricultural and other equipment, seed, fertilizers, medicines for livestock and poultry, s / parts for equipment for processing food raw materials, sn / parts for packaging equipment (and, in many cases, raw materials for its manufacture), etc.
        In addition, most consumes for currency. goods in the same China
  • kjhg April 14 2020 06: 23 New
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    . For example, Saudi Arabia has a new quota of March at least 60 percent.
    In addition, there is no certainty that Riyadh seriously intended a month ago to “squeeze” immediately by 1,6 million barrels. Otherwise, why then try to "bend" Russia so?
    Dear Doctor of Economics again, ahem, they are cunning. Before the transaction gap in March, Opek + SA produced 9,8 million barrels. Now, under the new agreement, it will produce no more than 8,5 million barrels. Reduction, compared with March, as we see, 1,5 million barrels. Although, yes, over the course of several weeks it increased production to more than 12 million barrels. But this is solely due to the unconstructive behavior of Russia, in order to speak already from a strong position in future negotiations.
    Now let's look at Russia. Until yesterday, it consistently produced 11,2 million barrels. Under the new agreement Russia should reduce production by 2,7 million barrels. Those. Russia reduced production by 1,5 million barrels more than SA. For comparison, on the proposed March 6 CA deal, this difference would be no more than 300 thousand barrels (1,5 million barrels in our country and 1,2 in CA). At today's oil price of $ 30. - it's 450 million dollars a day! This is the REAL PRICE of losing Russia, if you remove all the tinsel. If today the market agreement of March 6 would not be enough, which is almost obvious, Russia and the SA could already together, together with the rest of the OPEC + countries, on a partnership basis, force the rest of the oil producing countries, including the USA, to join the new agreement to reduce oil production. And now it turned out the other way around, the Trust + countries, together with the United States, bent Russia.
    1. kjhg April 14 2020 06: 35 New
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      Wrong. 45 million dollars a day.
    2. vvvjak April 14 2020 08: 14 New
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      Quote: kjhg
      Before the March transaction gap, Trust +

      As far as I know, the starting point for the decline was adopted by oil production by the countries on 01.10.2018.
      1. Avior April 14 2020 08: 42 New
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        Only for SA and Russia did not accept actual actual production, but conditional 11 million. As the basis for the decline
        1. vvvjak April 14 2020 09: 07 New
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          Quote: Avior
          Only for SA and Russia did not accept actual actual production, but conditional 11 million. As the basis for the decline

          According to data on 01,11,2018, the Russian Federation mined 10,7 mil.bar., CA-10,6, the United States - 11,6 mil.bar. per day. So the data is quite specific.
          https://tvzvezda.ru/news/vstrane_i_mire/content/201902181848-t0li.htm
          1. Avior April 14 2020 09: 10 New
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            But they were not adopted in the agreement, namely, the conditional 11 million
            States formally not party to agreement
      2. kjhg April 14 2020 08: 44 New
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        Quote: vvvjak
        As far as I know, the starting point for the decline was adopted by oil production by the countries on 01.10.2018.

        Yes, he had to act until April 1. But after Novak slammed the door and left the Opek + meeting, Saudi Arabia made a statement that this agreement was no longer valid and they intend to increase production first to 12,5 million barrels, and then to 13,5.
    3. Stas157 April 14 2020 09: 27 New
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      Article title:

      When count we became barrels.

      But for some reason, these barrels were not counted in the article. They did not give an answer to the main question (which was decided at the OPEC meeting) - to whom how much to cut and who will cut more (others)? Thanks to the distinguished forum users for doing this for the authors:
      Quote: kjhg
      Russia should reduce production by 2,7 million barrels. Those. Russia has reduced production by 1,5 million barrels more than SA.

      As a result, it turned out that most (from March) had to be reduced to the one who before (in March) slammed the door (refusing to cut only 0,3-0,5 million barrels at an oil price of $ 60).
    4. 72jora72 April 14 2020 10: 24 New
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      Reduction, compared with March, as we see, 1,5 million barrels. Although, yes, over the course of several weeks it increased production to more than 12 million barrels.
      You just forgot to mention that the calculations will not be made from the current production, but from the autumn one, and the Saudis will reduce production not by 1,5, but by at least 3,5 million ............
      1. Avior April 14 2020 11: 34 New
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        and if they raised it to 15 million for a week, and then they slammed 8,5, it would have been a victory, they would have reduced it by 6,5 ....
        1. Pissarro April 14 2020 12: 16 New
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          Actually, they have clap and 8,5
  • Grading April 14 2020 06: 28 New
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    This is a multi-path! wassat
    1. Fan-fan April 14 2020 20: 26 New
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      And who wrote here: "If enemies praise us, then we are burdocks." Well, what about Trump's praise? Or is he now our best friend?
  • pmkemcity April 14 2020 06: 29 New
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    How long have they sung - The International Energy Agency (IEA) has come to the conclusion that oil will never be as cheap as it was in the late 1990s. The reason for this is an increase in demand for raw materials and an increase in consumer dependence on OPEC. According to the forecast of the agency, by 2030 oil consumption will increase one and a half times, and the share of cartel member countries in the world market will increase from 35% to 50%.
    More information on the website of the Economic Newspaper:
    https://neg.by/novosti/otkrytj/neft-uzhe-nikogda-ne-budet-deshevoj-4834
    1. Snail N9 April 14 2020 10: 32 New
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      Plus, the "official media", having modestly lowered their eyes, somehow suddenly stopped writing about the SP-2 pipeline lying on the bottom of the Baltic Sea .... about the "uncontested advantage for Russia" situation with Russian gas on the European market and the world market in general ... wink
      1. pmkemcity April 14 2020 10: 45 New
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        There is a positive moment in this disgrace - in my opinion, for the first time, like this, along with our RTS, the Dow Jones and Futsi 100 and Nikkei sank. So there are some underlying processes. We are, as usual. nothing to lose but their chains. And the Bolshevik slogan, "The worse, the better," as relevant as ever.
  • regdan April 14 2020 06: 33 New
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    Crap in the oil war ... Enough to build themselves smart, go to war with reliable rear services, Russia shot down with a bare ass ...
    1. polar fox April 14 2020 07: 22 New
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      Quote: regdan
      Russia shot with a bare ass

      not Russia, but "lads" with the organized crime group "lake", the people are not interested in this at all ... if a real war occurs, it will issue a "decree" on self-defense nullified.
  • Dante Alighieri April 14 2020 06: 34 New
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    Briefly why the article was created:
    By and large, there are simply no dodgers now. Not at all - this is what Russia primarily sought.

    Or how again to imperceptibly hint to the population that everything in our power is under control and the cunning plan of our president who is seeing the horizon of events is being rigorously implemented. In this regard, I have a question: what about shale oil, the fight against which was presented to us as the main leitmotif of withdrawing from the previous deal no more than a week and a half ago? Or is this aspect no longer relevant? If so, then you up there have already decided: you are either at war with the shale speculators or you want to write down uniform rules for the game for everyone. By the way, if you still advocate for the latter, then you can explain to me wretchedly why then Russia is not the initiator and main driving force for the inclusion of actors who have not previously participated in the negotiation process, but on the contrary, this is what our opponents are doing, which are not only lobby for the participation of the same Mexicans, but also force them to make very mixed decisions? Or do you want to say that our decisive Fee was so scared that the world financial center immediately moved from Wall Street to Vozdvizhenka and now the Americans are only executing the decisions made by our brilliant leadership? Oh well...
  • Grading April 14 2020 06: 41 New
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    Quote: regdan
    Crap in the oil war ... Enough to build themselves smart, go to war with reliable rear services, Russia shot down with a bare ass ...

    Do not panic, we just beat everyone again

    1. Snail N9 April 14 2020 11: 02 New
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      And here’s another, “balm” for the souls of those who “we all defeated”, “KhPP worked again”, “now everything will be fine”, “now we will heal”:
      Saudi Arabia is in no hurry to end the “price war” in the oil market, despite the OPEC + deal on Sunday about a record-breaking production decline.
      Despite Moscow’s almost unconditional surrender, which agreed to remove twice as much oil as Riyadh, the state-owned oil company of the Kingdom of Saudi Aramco will not only continue, but will also increase dumping in the markets of Asia and Europe, where its oil competes with Russian.
      Saudi Aramco retained unprecedented discounts on shipments to North-Western Europe and published them on Monday in May for the supplies to the Mediterranean Sea and Asia.
      In the key market for Saudis, the Asian market, the Arab Super Light brand will fall in price by $ 5,5 and for the first time in history will be sold at a discount of $ 3,65 to the price of the Oman / Dubai benchmark.
      Arab Extra Light will drop in price by $ 4,3, Arab Light by $ 4,2, and Arab Medium and Arab Heavy will become cheaper by $ 3,35 and $ 2,95, respectively.
      Prices for South European countries will drop sharply. The Arab Extra Light discount will almost double - from 5,8 to 10,3 dollars against the Brent price.
      Recall that this is not about futures prices, which hold about $ 30, but spot prices, which are fixed by the Dated Brent marker. Last week, its average price was $ 22,88. Thus, ultralight Saudi oil will be able to flow into the Mediterranean at $ 10,58 per barrel.
      Discounts on Arab Light will increase from 8,6 to 10,3 dollars per barrel (which also gives a price of 10,58 dollars per barrel), for heavy grades - up to 11,4 dollars.
      For Northwest Europe, a $ 10,25 discount to Dated Brent for Arab Light supplies will remain valid, giving an actual price of $ 10,63. The price of ultra-light Arab Extra Light oil will drop by 80 cents - to minus $ 8,9 against Brent.
      The only market where Saudi Aramco agreed to end the price war was the American one. For the United States, Saudi oil will rise in price across the entire range of grades - by 2,5-4,2 dollars per barrel.
      Recall, the "good" to continue the price war against Russia, Saudi Arabia gave US President Donald Trump. In a conversation with Crown Prince Mohammed bin Salman on March 9, he said that he supported Riyadh’s plans to oust Russia from key markets, sources in the White House told Politico.
      According to them, Trump only requested that oil prices not fall so low as to harm the US shale industry.

      https://www.finanz.ru/novosti/birzhevyye-tovary/saudovskaya-araviya-uvelichila-skidki-i-budet-prodavat-neft-v-evropu-po-$10-1029085393
  • Odysseus April 14 2020 07: 10 New
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    The situation with the oil agreement is so disastrous that propagandists have to come up with direct fake news to justify the situation. This is the second article claiming that the United States is participating in the agreement. The truth here is made a little more subtle, directly it is not approved, but only implied.
    In fact, 23 rather than 26 countries are participating in the agreement and the USA, of course, are not participating in it. Here is the corresponding description of the official Russian newspaper- https://rg.ru/2020/04/11/novaia-sdelka-opek-uderzhit-ceny-na-neft-ot-dalnejshego-padeniia.html
    However, God is with them with manipulators, the meaning is more important - what does this mean and what threatens? And taking into account the fact that the “overhang” over the market is more than 15 million barrels, this means that the total revenue for oil by the end of the year will be reduced by 50 percent or more. Hypothetically, only a price increase to 50-55 per barrel can change the situation, but this is still extremely unlikely.
    Taking into account the complete dependence of the economy on imports and, accordingly, on oil prices, and taking into account the already failing attempt to cover the economic catastrophe with the coronavirus epidemic, this will lead to the fall of the majority of citizens from poverty to direct poverty with the inability to pay off loans by fall.
    Will power hold the situation? Most likely this year, through direct terror with the abolition of even formal legislation, it will be kept. Actually, now, this is happening. But further it is already difficult to reliably evaluate it.
    1. Igor Aviator April 14 2020 10: 18 New
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      You see. whether it’s a big deal ... I personally think that for any tough fight against the liberal 5th column (Navalny, Gozman, Sytin, Khodorkovsky, and others) any excuses and means are good. And if, under the threat of the expected terror on their part, harsh forceful methods will be applied to them and their minions - I’ll only welcome this!
  • Karaul73 April 14 2020 07: 30 New
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    Quote: Pessimist22
    And the CPSU brought the country to collapse and division.

    Are you sure that this cannot be right now? When everyone looks at one leader in the mouth and tries to predict his wishes, when there is no real discussion about the direction of the country's development, then everything may repeat again.
  • adler87 April 14 2020 08: 20 New
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    Ah, there it turns out. Again the cunning plan worked. And I already thought that the decline in oil prices after the slam of Novak’s door was simply stupid and unprofessional of the latter, well, along with President Pu, of course. Again they beat everyone, brought down the price of oil and collapsed the ruble in spite of everyone! And now we sit on the TV and say to everyone that difficult times are ahead.
  • Slippery April 14 2020 08: 26 New
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    Quote: kjhg
    Dear Doctor of Economics again, ahem, they are cunning. Before the transaction gap in March, Opek + SA mined 9,8 million.

    Amazing commentary and conciseness. (a plus). It does not occur to you that we have become like neighbors. In the sense, we declare war on the shale, but they are not it.
  • Avior April 14 2020 08: 46 New
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    . And let the current levels of decline can not be compared with March.

    Yeah. A million barrels more, a million less, well, let the authors not trifle, wide souls.
    Another article on turning zrada into overwhelming.
    1. The comment was deleted.
  • ZaharoFF April 14 2020 08: 49 New
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    There are no winners, no matter how we are convinced otherwise. We lost everything and had to choose between a bad option and a very bad one. Which one is chosen is not yet clear.
    To consider barrels as a whole country is, of course, an indicator. A very sad indicator. Even shameful.
  • Radikal April 14 2020 08: 53 New
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    When to count we became barrels
    ... then the Soviet Union began to move towards the end. sad
  • DPN
    DPN April 14 2020 09: 07 New
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    Kaa Yeltsin reported to the United States about the collapse of the USSR, and so they moved from tons to barrels.
  • Yrec April 14 2020 09: 28 New
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    Quote: DMB 75
    We survived. We sit all over the country and consider barrels. In the USSR, we were not so dependent on oil prices, we didn’t know about the dollar exchange rate, because we were a developed industrial power, and not a country that mainly uses raw materials and natural resources per pipe cordon drives and sells in echelons.

    Be that as it may, the USSR has sunk into oblivion. They exchanged it for cheap jeans and canned beer, now there is nothing to whine that they have cheapened.
    1. Fan-fan April 14 2020 20: 53 New
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      And who changed, people? No changed Yeltsin, but Putin continued. The authorities are to blame, as they are in the hands of propaganda and the army with the policemen. And they fooled the people, and it’s so cool that according to the local comments it’s clear that there are many more fooled ones.
  • Roman123567 April 14 2020 09: 46 New
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    Now it remains only to assert on the Internet that Russia is “bent”, and in any case it will be a loser.

    I would like to ask the authors of such posts and blogs: why did you vote that way about the divorce from OPEC and the spectacular March demarche of Minister Novak?


    That is precisely why they “voted” about the “demarche”, because, unlike Novak, they understood that after that it would only get worse .. What happened .. Which confirms the then correctness of “authors of such posts and blogs”

    In addition, there is no certainty that Riyadh seriously intended a month ago to “squeeze” immediately by 1,6 million barrels. Otherwise, why then try to "bend" Russia so?

    But there is confidence that Moscow did not seriously intend to “squeeze” a month ago at once by 2,5 million barrels .. Otherwise, why then try to “bend” Riyadh and the USA like that?
  • Igor Aviator April 14 2020 10: 09 New
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    Quote: Yrec
    there’s nothing to whine now that you have made a price.

    and, mind you, who is whining - liberd and all-crawler! If they feel so bad - what are they doing in Russia? Canals to your favorite states (hail-on-a-hill) or Europa! So no, they sit here, they spoil the air and strive to spoil! Apparently, "on salary"!
    1. The comment was deleted.
      1. The comment was deleted.
    2. Fan-fan April 14 2020 20: 57 New
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      Igor, you are lying, because liars then spoil the air the most, and it’s always useful to tell the truth, although people don’t like it.
  • dgonni April 14 2020 11: 45 New
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    An article from the series will turn everything upside down and show our great geostrategs in a more or less digestible form. The fact that instead of 0,5 is a decrease of 2,53 million That was all conceived! The fact that the Saudis reduced production in fact from the February production by only 1,213 million, and Russia as much as 2,831 million, then this. That mustache is just as intended.
    why the author did not write that the Saudis have not finished the war! They reduce production, but the author does not mention the price for which they sell at discounts! And this is so suddenly about 10 dead raccoons from a barrel. And they did not stop expanding into the European market, which a priori was mainly controlled by Russia. So mnogohodovochka formed perfectly. Russia has lost more than a third of export volumes, the price has really hung in the region of $ 20 per barrel. Duc also Saudi dumping and offering discounts fun squeeze Russia from the market.
    But the authors are doing well, all the same and conceived by Rosneft's strategic companies.
    P.S. I don’t even want to remember the gas; Miller has full seams and armagedonium there. From gas prices to volumes delivered to Europe.
    Oh yeah! A sign that would not be unfounded! And then the authors were shy (https://ic.pics.livejournal.com/el_murid/16552936/1603267/1603267_original.jpg)
  • smaug78 April 14 2020 13: 26 New
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    Something of Sechin and his language Leontiev is not heard and not visible. Indirect evidence that he was completely full at the beginning of March ... And so the article is another attempt to justify Sechin’s strategic mistake and tell that there is no difference between the phrase “in the ass” and “in the ass” ...
  • Slippery April 14 2020 13: 48 New
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    Quote: Igor Aviator
    and, mind you, who is whining - liberd and all-crawler! If they feel so bad - what are they doing in Russia? Canals to your favorite states (hail-on-a-hill) or Europa! So no, they sit here, they spoil the air and strive to spoil! Apparently, "on salary"!

    You know, you can arrange a "fun" skirmish on the topic and who gave you the moral right to tell people where they should blame for their political views? . But I won’t, and you know why? Seeing this, I quote "on salary" ... it seems that you are "on salary", the hosts did not invite you to the pitchfork on the Cote d'Azur. Perhaps you, a wonderful person, a family man, a specialist, but after reading your post, I have the right to say a word, I want to wash my hands like after a toilet.
  • To be or not to be April 14 2020 15: 20 New
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    Against the background of the war of barrels, Some are again to blame for Russia .....
    President of Belarus Alexander Lukashenko:

    “Why are you poisoning our relationship? And so already poisoned to an extreme degree. If you want to help, make us a global natural gas price. Today in Europe, Russia sells natural gas no higher than $ 90 per thousand cubic meters. And we pay how much? We have 140, we pay 127.

    Where is such a price today? No money, no asking. Why tear the skin from us? But nobody will say anything about this in Russia. "
    Someone doesn’t need this truth there. Guess three times - to whom. Therefore, do not touch us. This is all over, let's see who is right ”https://e-news.su/news/328077-lukashenko-esche-raz-publichno-poprosil-putina-o-gaze.html
    [media = https://ok.ru/video/1707269098116]