Experts: Saudi Arabia forced to go for a record reduction in oil production

Saudi Arabia decided to switch to an oil policy that is diametrically opposed to that operated by Riyadh before the new OPEC + deal. If a month or two ago, Saudi Arabia increased oil production at an incredible pace, which led to lower prices for “black gold” to waste levels, now Riyadh is “ahead of the rest” to reduce production volumes.

The kingdom announced a reduction in production by an additional 1 million barrels per day in June. Total production will be reduced to 7,5 million barrels per day. This is about 40% lower than the April figures for Saudi production. And this is a record reduction.

AxiCorp spokesman Steve Innes calls Saudi Arabia’s move “very far-sighted.” According to him, “additional voluntary reduction in production volumes” will accelerate the process of restoring balance in the global oil markets.

In addition to Saudi Arabia, Kuwait and the UAE decided to go for additional reductions. These two countries will further reduce production by 180 thousand barrels per day.

It is noted that the reduction is supported by Kazakhstan. In the largest fields of Kazakhstan, including Tengiz, the reduction in the period from May to June will be 22 percent.

Against this background, oil prices, after some fall, again crawled up. Barrel brand Brent is trading at 29,7-30 dollars.

Experts believe that the main factor in a certain stabilization was the decision of Saudi Arabia. At the same time, it is assumed that Saudi Arabia was forced to revise the policy of uncontrolled increase in production. In the United States, it was believed that Riyadh was trying to gain control of new markets with such steps, which Washington did not plan.

Comments

[Mountain shooter]

But! This is how their "Presanuli", which already on all consonants? Could it be that the Patriots were being withdrawn, and also fighters ... And they whispered in their ear that the traders could "chuck" ... The princes from the Bentley did not want to go back to the camels ... But how does it seem to be for Russia and not bad?

[Civil]

Lavrov pressed Saud, he is a master of foreign policy, everyone is afraid of him. Syria, the CIS - everywhere it has continuous success.

[Insurgent]

If a month or two ago, Saudi Arabia increased oil production at an incredible pace, which led to lower prices for “black gold” to drop marks, now Riyadh is “ahead of the rest” to reduce production.

So, you see, the Saudis, oil already produced, will be pumped back into the wells

[DymOk_v_dYmke]

Quote: Insurgent

So, you see, the Saudis, oil already produced, will be pumped back into the wells

And if you drive back and forth, then the fictitious production volumes can be raised to sky-high values
And if you download from one well and pump it into the next one, it can also be an alternative to replacing the freezing of both.

[Gardamir]

Still, sometimes it is necessary to sign sarcasm, otherwise the people are evil and there is no time to think.

[Insurgent]

Quote: Gardamir

Still, sometimes it is necessary to sign sarcasm, otherwise the people are evil and there is no time to think.

I think that for those who have brains in place, the badge - ,more than enough.
And for those whose brains have long dried up, don’t write, don’t sign, all in vain ...

[Sibguest]

In addition to the additional (voluntary-compelled) reduction from July 1, KSA will increase the amount of VAT from 5% to 15%.
In addition, from June 1, the country will cancel the payment of a living wage (the so-called extra charge for the high cost of living).
So it's time to get back to basics: change from Bentley-in-gold - to "fragrant" "ships of the desert" (camels).

[antivirus]

In the United States, it was believed that Riyadh was trying to gain control of new markets with such steps, which Washington did not plan.


- they love me for small spoons, they will love me for the second pearl: green energy has found support from the Western bankers; so they switch to "wind turbines", freeing the western market (from KSA and other Arabs), the loot must be beaten off. soon and on Putin for pollution of nature roll a barrel. only gas will remain in the assets of the Russian Federation

[Mountain shooter]

Quote: antivirus

green energy has found support from Western bankers, so they are switching to "wind turbines", freeing the western market (from the KSA and other Arabs), the loot must be beaten off. soon and on Putin for pollution of nature roll a barrel. only gas will remain in the assets of the Russian Federation

Green energy is the same fake as ozone holes and global warming ... People who are related to technology understand this ... Just from energy consumption and the "payback" of "green" ... And the Germans will be able to go crazy, if they like it ...

[antivirus]

if you can earn money from unprofitable green energy, they will make it necessary and profitable, LOSING OTHER BUSINESSES WITH OTHER REVENUES. ALL ONLY FOR YOUR FAVORITES. ksa And Russia WITH PERSONS DO NOT SHARE INCOME FROM OIL - THIS IS OUR COMMON MINUS BEFORE COUNTRIES DO NOT HAVE OIL. that they can - they unwind

[SSR]

Quote: Mountain Shooter

This is how their "Presanuli", which already on all consonants? Could it be that the Patriots began to withdraw, and also fighters ...

Maybe this has affected, but on the other hand, tens and hundreds of tankers are standing with oil on the joke and bringing additional losses for the lease and the amount of space overrun there.

https://zen.yandex.ru/media/onp/kak-vygliadiat-probki-iz-tankerov-kotorye-ne-mogut-prodat-svoiu-neft-smotrim-v-onlain-rejime-5ead40ffb95e7e69bd2e909d

[major147]

Quote from S.S.R.

Maybe this has affected, but on the other hand, tens and hundreds of tankers are standing with oil on the joke and bringing additional losses for the lease and the amount of space overrun there.

They are already pouring oil "overboard", the infa has gone, here and there the oil fields are drifting.

[alone]

Quote: Mountain Shooter

Perhaps the fact that the "Patriots" began to withdraw, and also fighters.

Patriots and fighters were taken to Iraq .. Closer to Iran Something is clearly up to

[TermNachTer]

Yes, I do not know how, but the Saudis were bent hard. And here, some shouted - everything was lost, Putin leaked.

[major147]

Quote: TermNachTER

And here, some shouted - everything was gone, Putin leaked.

Now they are not shouting, but silently "will pass!"

[Paranoid50]

Quote: Mountain Shooter

The princes from "Bentleys" did not want to return to camels ...

Anyway, when the thread comes.

[Nikolai Grek]

Quote: Mountain Shooter

But! This is how their "Presanuli", which already on all consonants? Could it be that the Patriots were being withdrawn, and also fighters ... And they whispered in their ear that the traders could "chuck" ... The princes from the Bentley did not want to go back to the camels ... But how does it seem to be for Russia and not bad?

Something modestly kept silent about Saudi economic reforms in the air !!! I see, it’s a shame to write this after Russia was lowered through the hollow and told that the Saudis have bent everyone !!!

[Andrey Mikhaylov]

I would like to hear Ross. Sylvestar, and Leshoy, where you, who told you that Russia was Khan. Like Saudi Arabia, was able to tear Russia to shreds.

[Gardamir]

That is, unknown eh farts inspire you more confidence than Sylvester. It’s just that the comrades you listed never said that Arabia broke Russia.
And in the evening, other echperds in another article will write how Arabia rose.

[Tank hard]

Quote: Gardamir

That is, unknown eh farts inspire you more confidence than Sylvester.

And what, Sylvester is already an expert in all types of activities? As there was in the joke: "Ladies, let me introduce myself! Master of Sports, Major, Chingachgook!"

[major147]

"It's a pity that we didn't manage to hear out the head of the transport department!" (from)

[Andrey Mikhaylov]

You are completely right

[New Year day]

Quote: CSKA

There is nothing to answer him. As always. Just blurt out something, and now when they poked their noses at once about a set of words they write.

What are you talking about, sir? About the collapse of CA? So they fulfill the signed. Please report a reduction in production in the Russian Federation. Maybe you think that it is not shrinking? In vain. Or maybe the production is growing and put everyone in the belt?
Or nothing to say? Blah blah?

[Andrey Mikhaylov]

Sylvester. Are you the last resort? What should everyone tell you? Or, as always, Bla-Bla is heard from your lips all the time.

[New Year day]

Quote: Andrey Mikhaylov

Sylvester. Are you the last resort?

you do not understand

Quote: Andrey Mikhaylov

I would like to hear Ross. Sylvestar, and

Quote: Andrey Mikhaylov

What everyone should tell you.

determine your desires, is it a dialogue or a monologue?

Quote: Andrey Mikhaylov

Or, as always, Bla-Bla is constantly heard from your lips.

so refute! Tell us how the Russian Federation is going to implement the OPEC + decision? Or not going to?
Forgot about OPEC?
The average daily production in Russia in April was 11,35 million barrels, and our country will have to reduce production by 2,85 million barrels per day. This volume needs to be removed in May and June - this is the second feature of the new deal. If during the validity period of the previous OPEC + Russia deal, it was possible to achieve the required indicators largely due to braking, but not stopping production, then in 2020 the reduction will be achieved, first of all, due to the conservation of the existing well stock.
According to the most pessimistic forecast, one third of them will have to be preserved.
Well conservation involves a fairly large amount of work. This is not easy at all.
Our main competitors, Saudi Arabia and the United States, do not have such large-scale problems. The oil kingdom can technically halt production at "mature" fields relatively painlessly.
https://rg.ru/2020/05/11/pochemu-rossii-budet-slozhnee-drugih-stran-sokrashchat-dobychu-nefti.html?utm_source=yxnews&utm_medium=desktop&utm_referrer=https%3A%2F%2Fyandex.ru%2Fnews

[Arpad]

Quote: Silvestr

Quote: CSKA

There is nothing to answer him. As always. Just blurt out something, and now when they poked their noses at once about a set of words they write.

What are you talking about, sir? About the collapse of CA? So they fulfill the signed. Please report a reduction in production in the Russian Federation. Maybe you think that it is not shrinking? In vain. Or maybe the production is growing and put everyone in the belt?
Or nothing to say? Blah blah?

You are absolutely right.
At first, Saudia, as the flagship of oil production, pressed everyone to the nail, showing what she can do if there is confusion in the herd.
And now, it just starts to level production itself, in order to stabilize the volatility of the oil market.
Nobody forced Saudi Arabia, not so long ago he tried one + (plus sign), that everything came out of it.
Now one of the tasks is to prevent overflow of oil storage facilities, otherwise everyone will have a cab.
I am sure that soon after the Saudis, other countries will begin to further reduce production.

[CSKA]

Quote: Arpad

At first, Saudia, as the flagship of oil production, pressed everyone to the nail, showing what she can do if there is confusion in the herd.

Yeah, very pressed. I didn’t want to reduce production, and then sharply reduced it. And she showed everyone how she wanted to have fun, and then she made concessions and immediately raised taxes.

Quote: Arpad

Nobody forced Saudi Arabia, not so long ago he tried one + (plus sign), that everything came out of it.

Yeah, no one forced, and Trump’s call was just a coincidence, and he was very well seen how the Saudis went to reduce production. Coincidence? I do not think.))))

[New Year day]

Quote: Arpad

Now one of the tasks is to prevent overflow of oil storage facilities, otherwise everyone will have a cab.

We have 37 tanks (almost 400 thousand cubic meters) loaded almost to capacity, a certain amount of oil can be stored in main pipelines, and it is possible to store oil products in railway tanks. In any case, "Russia really has nowhere to store oil - in the studies of the Institute for the Development of Fuel and Energy Technologies and the Institute of Energy and Finance, it was previously noted that Russia, unlike the United States, does not have full-fledged strategic oil reserves."
https://svpressa.ru/economy/article/263370/
Therefore, a reduction in production is inevitable, counterfeit will quickly come to light with a decrease in production by all countries and the cheater will be easily found and punished

[CSKA]

Quote: Silvestr

What are you talking about, sir? About the collapse of CA? So they fulfill the signed. Please report a reduction in production in the Russian Federation. Maybe you think that it is not shrinking? In vain. Or maybe the production is growing and put everyone in the belt?
Or nothing to say? Blah blah?

I haven’t written about the collapse of the SA anywhere, but people like you literally a month ago in every VO article shouted that our managers Millers and Sechins were all so bad that they couldn’t keep the oil price (it’s completely unclear what they mean) . How many screams were about the failed policy, but it is not clear what policy you had in mind when the pandemic affected the price. It’s ridiculous to read about reducing production or not. You are the Minister of Fuel and Energy, what do oilmen report to you? I just think that it is being reduced accordingly to the contract. And about plugging in a belt already from people like you heard, only about KSA, only KSA reduced production and didn’t play for a long time in the war, and now it is also forced to raise taxes very significantly.
You have just one sylvester blah blah and compositions. We have already talked about territories.

[New Year day]

Quote: CSKA

our managers Millers and Sechins are all so bad that they could not keep the price of oil

incorrect reading of the written! Neither Miller nor Sechin made the decision to slam the door at OPEC by Novak. They simply do not have authority for this. That's exactly what I wrote. You are simply distorting.

Quote: CSKA

How many screams were about a failed policy,

But is the rejection of an agreement with OPEC an economy? The decision was political

Quote: CSKA

It’s ridiculous to read about reducing production or not. You are the Minister of Fuel and Energy, what do oilmen report to you?

so read, everything is written: who cuts how much! Who is bothering?

Quote: CSKA

I just think that it is being reduced accordingly to the contract.

thank God! And then your like-minded person has already buried the SA

Quote: Andrey Mikhaylov

I would like to hear Ross. Sylvestar, and Leshoy, where you, who told you that Russia was Khan. Like Saudi Arabia, was able to tear Russia to shreds.

и

Quote: Silvestr

What are you talking about, sir? About the collapse of CA? So they fulfill the signed. Please report a reduction in production in the Russian Federation

caught the difference?
And who is the alarmist?

[CSKA]

Quote: Silvestr

It was not Miller and Sechin who made the decision to slam the door at OPEC

Novak did not slam the door to OPEC; he proposed a further extension of the transaction, but without additional conditions. But I remembered Sechin and Miller, because it’s just people like you to everything and everything. I think if now in your comments digging around you can find references along with OPEC +.

Quote: Silvestr

But is the rejection of an agreement with OPEC an economy? The decision was political

What are you? And what was the politics there?

Quote: Silvestr

so read, everything is written: who cuts how much! Who is bothering?

So I read, and accordingly we reduce the contract.

Quote: Silvestr

thank God! And then your like-minded person has already buried the SA

And where did you find such words in his comments?

[Nikolai Grek]

Quote: CSKA

but people like you just a month ago screamed in every article on VO

and itself in nitsche didn’t write such a malicious one ??? !!!

[CSKA]

Quote: Nikolai the Greek

but she didn’t write such a malicious

no, I didn’t write

[Nikolai Grek]

Quote: CSKA

Quote: Nikolai the Greek

but she didn’t write such a malicious

no, I didn’t write

in vain you think so !!!

[Altona]

Quote: CSKA

How many screams were about the failed policy, but it is not clear what policy you had in mind when the pandemic affected the price.

-------------------------
How did the pandemic affect the price? The price was affected by the general crisis of overproduction, the pandemic was just a cover.
The policy was a failure. Is the ruble back to its previous values? Is Urals also sold at the same prices?
The Saudis have a very reasonable policy, they did not promise to fill the world with oil to the stop, but only until the moment they needed.

[Nikolai Grek]

Quote: Altona

The Saudis have a very reasonable policy,

that is, in Russia, a 2% VAT increase is horror and tyranny of RYZHYM, and a VAT increase in Saudi Arabia В 3 times is a reasonable policy ?? !!!

[CSKA]

Quote: Altona

How did the pandemic affect the price?

Very simple. Drop in production and self-isolation. Significantly reduced fuel consumption.

Quote: Altona

The price was affected by the general crisis of overproduction

Do not invent, there is no crisis of overproduction.

Quote: Altona

The policy was a failure.

Oh my goodness. Do you know how to write not only in common phrases? Politics fail in what?

Quote: Altona

Is the ruble back to its previous values?

And why would he suddenly return to the previous values?

Quote: Altona

The Saudis have a very reasonable policy, they did not promise to fill the world with oil to the stop, but only until the moment they needed.

They could not fill it all the way. 90% of the KSA budget comes from hydrocarbons. The more they increased production, the greater the decline in prices, respectively, increased budget deficits. They began to pursue a sensible policy when they agreed with the Russian Federation and the USA.

[Nikolai Grek]

Quote: Silvestr

So they fulfill the signed.

Saudi Arabia announced the introduction of austerity measures. From June 1, the kingdom ceases to pay its citizens due to an increase in the cost of living, and from July 1 increases the value added tax. Mach 3 times - from 5 to 15%.
https://www.stav.kp.ru/daily/27128/4215035/

this is when and with whom they signed such conditions ??? !!

[major147]

Quote: Silvestr

So they fulfill the signed.

"The kingdom announced a reduction in production

additionally

by 1 million barrels per day in June. "

Here is the main word "

additionally

"

[knn54]

And where are those. (Accustomed to the minuses) who shouted that KSA and Co. are ahead of the rest. And no one gives them a decree.

[ccsr]

Quote: Andrey Mikhaylov

I would like to hear Ross. Sylvestar, and Leshoy, where you, who told you that Russia was Khan. Like Saudi Arabia, was able to tear Russia to shreds.

So I would also like to hear the opinion of various "analysts" who a month and a half ago predicted a full paragraph for us - but apparently their course changed with the course of the party ...

[Mikhail3]

Well, firstly Arabs are such Arabs. Terribly heroic until they clicked on the nose. And if they clicked, and even threatened with a head slap, these heroes are completely different. What to take from the descendants of bandits, proud and courageous ... until a couple of soldiers appeared on the horizon? Hehe ...
Well, and secondly ... world backstage? A global conspiracy of elites? Is that all ?! It is perfectly clear that the authorities in the world DO NOT KNOW WHAT TO DO! They are greedy, vile, cunning, but mind ... there is no mind! Well, no! Reason is not provided for in the screens of selection in our current government. This strange object, mind, is not required in order to rule. To control, it is the mind that is needed, but why strain? The ability to manage is not taken into account in the selection for power for a long time. Ugh ...

[lucul]

Well, and secondly ... world backstage? A global conspiracy of elites? Is that all ?! It is perfectly clear that the authorities in the world DO NOT KNOW WHAT TO DO! They are greedy, vile, cunning, but mind ... there is no mind! Well, no! Reason is not provided for in the screens of selection in our current government. This strange object, mind, is not required in order to rule. To control, it is the mind that is needed, but why strain? The ability to manage is not taken into account in the selection for power for a long time.

The main puppeteer of the West died, probably already about 4 years ago, and the transplantation of the seventh heart did not help (did not take root). And without him, they have confusion and staggering in their minds, they can’t choose a new leader ....

[Mikhail3]

Leaders of this level are not selected. Elections in general are a rather idiotic idea, not suitable for a real transfer of power). Since we clearly have a dead end, non-viable version of civilization, going to the landfill with all the dope, like those present, we are seizing high-level power.
It’s just that now the situation is that applicants (maybe for the first time in the world) do not want to get into a fight. Because no one has a scenario, except for a global war with billions of dead. At the moment, hanging on themselves billions of corpses is not quite crazy enough. We humanity have failed globally. The only viable option for the future, namely the transfer of power and control to scientists and engineers, did not pass. World power lovers attacked the USSR with unprecedented fury, and the most powerful people in the world did not survive. The power again fell into the hands of a dull, vile, greedy mass, preoccupied only with the satisfaction of its own greed and the amazement of stupid fantasies that seemed to be carriers of wise and cunning plans.
Among the more or less intelligent people, the idea that the control of the economy of the element cannot be rooted, while the element consists, to put it mildly, of not the best representatives of humanity, is better than a scientifically sound system managed by those who are best able to build and improve such systems in the world . So, by definition, there are no smart ones at the top. So they were blown away ....

[orionvitt]

Quote: lucul

The chief puppeteer of the West has died

Don't attribute to him who he never was. Maybe Rockefeller was one of the world's main "behind-the-scenes accountants", but not a puppeteer. We will never know the main characters in the world behind the scenes.

[Mikhail3]

Did you understand this from the report he gave you? Your position "we will never know" does not imply any participation in the discussions. You don't know what you are talking about. Your belief in the powerlessness of the mind in front of the sarsaparilla assumes only sitting motionless with cheeks inflated from CHSV. Do not see an irreparable contradiction)? And it is ...

[orionvitt]

It’s just that consumption has decreased, and oil is simply physically nowhere to go. And they are telling us about some kind of agreement. Political games are certainly present, but the main battles are still to come.

[KVU-NSVD]

Saudi Arabia decided to switch to an oil policy that is diametrically opposed to that operated by Riyadh before the new OPEC + deal. If a month or two ago, Saudi Arabia increased oil production at an incredible pace, which led to lower prices for “black gold” to waste levels, now Riyadh is “ahead of the rest” to reduce production volumes.

Reasonable. And then after all, it’s like — if you spit in the obscenity — it will be erased, and the obscenity will hark — you will drown .. Even the USA has unambiguously removed its air defense systems from the oil fields - do you throw away some ponty, take away someone else’s bread? It’s possible to get slap in the face too ..

[rotmistr60]

Correctly say that the two-edged sword. Many experts directly say that initially the Saudis began to act at the instigation of the Americans, who did not fully calculate how this could end for themselves. Then Arab pride leapt up, after which the Americans had to intervene repeatedly, but with the demand to reduce production. We were preparing a pit for Russia, but we got there ourselves.

[major147]

Quote: rotmistr60

We were preparing a pit for Russia, but we got there ourselves.

That's why they are trying to blame Putin by hook or by crook. In the long Putin West replayed.

[Strashila]

The tactics of the Arabs, to frostbite my mother with frostbite, did not bring the expected result. Everything has an optimal cost, both for manufacturers and for states in general. The question is not how much you earn, the question is how much you earn on this.

[dzvero]

Decrease in production, refusal to pay the living wage to its citizens, three-fold increase in the VAT rate (from 5 to 15%) ... did the Saudis win the oil war?

[Paul Siebert]

oil prices, after some fall, crawled up again. Barrel brand Brent is trading at 29,7-30 dollars.

Ugh, easy! ..
Now you can relax.
There will be enough money for Sechin to drink coffee in Vienna on his own liner.
The country is slowly moving out of quarantine — for machines, for counters, for teacher boards.
The guarantor gives the poor with a lordly gesture.
Pensioners wonder why they should not be imprisoned on benches ...
The people are silent.

[major147]

Quote: Paul Siebert

The guarantor gives the poor with a lordly gesture.

Outraged? You can refuse "with contempt"!

[voyaka uh]

"However! This is how they were" Presanuli ", that already on all consonants" ////
----
This is an OPEC agreement. From May to cut production. And other countries are entered.
Including Russia.

[New Year day]

Quote: voyaka uh

Including Russia.

so the author did not write this - it means victory, the Arabs surrendered

Quote: voyaka uh

This is an OPEC agreement. From May to cut production. And other countries are entered.

they don’t remember about it, but maybe they don’t know

[Mountain shooter]

Quote: voyaka uh

This is an OPEC agreement. From May to cut production. And other countries are entered.
Including Russia.

Well, how do you read? There, in black and white - another million a day from the top of the contract ...

[Andobor]

Saudi Arabia forced to record decline in oil production
Yes, and the Americans to extract shale oil on the shelf,
- in 2014 they banned the sale of equipment for such oil to Russia.

[Ivan Kolodin]

Well, it’s necessary to be able to say so, to say that a record reduction, but in fact the beginning of the year, is important ... In principle, they also shake it, but they made us bend

[dgonni]

Reduce because there is no place to store the extracted oil! They give enchanting discounts on their oil. Urals in fact in Europe stopped bargaining. So they grabbed the markets for themselves and continue to slowly bite off. The real price of the plague is selling oil now at the level of 15-16 killed raccoons. At the same time, the Saudis also give a delay of 90 days.
P.S. An article about how bad the Saudis are and how everything is gut with us.

[Gray brother]

Quote: dgonni

Urals in fact in Europe stopped bargaining.

On exchanges - maybe, but they don’t trade real goods there.
Oil refineries can’t work with any oil, they can only work with the oil that they are used for initially, in order to transfer them to another type, it is necessary to modernize and change the manufacturing process. Chemical enterprises. petroleum industries are the same.

[T.Henks]

Yah? Soudhat Urals already mined? And then what are they doing bodysuits? This is not a beer! Horseradish refinery translate into light varieties. Even when ours poisoned the whole of Europe, the hedgehogs ate cacti anyway, although they cried.

[dgonni]

it’s not difficult to translate into lighter ones. Although Saudi oil is very similar to ours, albeit easier

[major147]

Quote: dgonni

Urals in fact in Europe stopped bargaining.

Today is 12 p.m.

[smaug78]

Saudi Arabia forced to record decline in oil production

who exactly forced? Is I.I. missing since the beginning of March Sechin? Probably celebrates the victory ...

[syndicalist]

So this was the tactics of the Saudis - first maximize production, then to bargain with partners on the highs reached. The tactics were fully justified. If we compare the planned reductions not with the April, but with the January-March levels, it turns out that the Saudis are reducing much less than the other parties to the agreement. This time.
Having painlessly “cut” from unprecedented highs, the SA now has the opportunity to conduct a grand PR campaign. These are two.
The third killed hare consists in the fact that with a decrease in current production, sales of Saudi oil remain at the same levels. This is due to stock replenishment during the April boom.
Russia does not have such a resource for maneuver at all. She will have to either really reduce her production, or imitate this reduction with the risk of running into sanctions in the form of an oil embargo.

[Cowbra]

Total production will be reduced to 7,5 million barrels per day.

Production of 12 million barrels has never been confirmed by NIKEM, the actual production was estimated at 7,8 million barrels - there is simply no reduction. The "increase" of production was full of problems by redirecting the DOMESTIC consumption of the kingdom to 3,5 million barrels per day - for sale, because the financial deficit was even at a price of $ 60, and there were three coup attempts in a year. Better to ride a camel, but with money, than a maserati, waiting for you to be shot by a rapidly impoverished sheikh relative

[Arpad]

Quote: Cowbra

Production of 12 million barrels has never been confirmed by NIKEM, the actual production was estimated at 7,8 million barrels - there is simply no reduction. "Increasing" the production of a hole by redirecting the DOMESTIC consumption of the kingdom to 3,5 million barrels per day - for sale

Saudi consumption of 3.5 million barrels per day?
a million tons per day?
Million Charles.
Something you compose

Quote: Cowbra

It is better to ride a camel, but with money, than to maserati, waiting for you to be shot by a rapidly impoverished relative-sheikh

Enough money in Saudi Arabia, they have nothing to fear.
Just a new heir begins to wean people from freebies, realizing that any money can be eaten, it's time to start working.
And the Saudis always had problems with this - the living wage was enough for them to do nothing, so let the Pakistani. Indian or anyone else works.
Now they are starting to cover it.

[Cowbra]

Million. It is on the day. Desalination condensers, oil production and oil refining itself are energy resources. Although the data are approximate, once again - production by country - is strategic information. They just never confirmed it. However, the fact that they were not able to sell Aramco even against the background of a rise in production, as they sang up to 12 million barrels, clearly indicates that they have a break about Aramco's profitability, and this is possible only in one case - you do not have 12 oil production.

[alone]

After all their cuts, the Saudis will reach the quota that they had before March 6, maybe 200-300 barrels less. The rest of the cuts go according to the quota that they had before March 6 .. So the Saudis won against this all ...
As for their economic situation, yes, undoubtedly, they have suffered and are suffering financial losses .. Can you name a country that has not suffered from this? I think it would be better to indicate what losses the Russian Federation suffered after that "Demarch" during the OPEC meeting on March 6 .. Even according to the most optimistic forecasts, the losses amount to tens of billions of rubles a day ..
Here's what to discuss ...

[alone]

200-300 Thousand barrels .. Hurried

[Nikolai Grek]

Quote: lonely

200-300 Thousand barrels .. Hurried

take your time ... and don't screw it up !!! however, like many here are all props ... do not forget to mention that, from a luxurious life, she decided to cut production beyond all agreements on lam ... while you can keep with you your spatial demagoguery about "but there was no such production there, yes all this in the end will only lead to a drop of reduction "!!! just do not forget to add, about a three-fold increase in VAT in Saudaravia and other nytyaki who have rolled in !! this is also, probably, a tricky maneuver, as a result of which saudarabia will win against everyone !!!
in Russia, raised by 2% VAT - this fssssёёё disappeared ... among the Saudis 3 times - so conceived and everything is in openwork !!!

[Arpad]

Quote: lonely

I think it would be better to indicate what losses the Russian Federation suffered after that "Demarch" during the OPEC meeting on March 6 .. Even according to the most optimistic forecasts, the losses amount to tens of billions of rubles a day ..
Here's what to discuss ...

It’s not a problem that my cow is dead, a problem that my neighbor has a living

[Mountain shooter]

Quote: lonely

. So the Saudis in this regard have won over everyone ...

Only in your imagination ...

[alone]

Quote: Mountain Shooter

Only in your imagination ...

Why? The fact is that the Saudis have advanced oil production technology .. If you even have to shut down some wells, after the demand increases, they can be returned to service ..
The cost of oil production in the sands does not require huge costs .. Those wells that will have to be shut in Russia will be impossible to recover. Do you know how Russian oil is produced?

[NKT]

Well, what is the difference in oil production in the Russian Federation and the CA? What kind of advanced technology?

[alone]

Quote: NKT

Well, what is the difference in oil production in the Russian Federation and the CA?

The difference is first on the soil .. They mine it in the sand, you mine in the regions of Siberia .. I hope they themselves understand what oil production is 40-50 degrees below zero in permafrost
Secondly, they have high-grade oil. it is pure oil .. It does not have sulfur and paraffin in it, as in Russian .. And this is an additional cost (heating of pipelines, cleaning the composition of sulfur, etc.)
Thirdly, Russian oil is produced by filling a well with water so that oil that is lighter than water rises to the top to get it .. Moreover, the percentage of production in wells in this way is very large. And then launching them is not profitable .. These wells have been operating for a long time and exhausted their resources .. From there they simply suck out everything that can be sucked out. And they produce oil in the classical way .. no need to pump water, etc.
The advanced technology is the complete automation and computerization of the extraction and transportation process .. Where you have 5 people working for them, two have done it for them ..

[alone]

Quote: NKT

You obviously are not familiar with how fishing works.

I saw how they all do it .. And I saw how they do it in Russia, Kazakhstan, Azerbaijan ... it's not the same thing

[NKT]

The difference is first on the soil .. They mine it in the sand, you mine in the regions of Siberia .. I hope they themselves understand what oil production is 40-50 degrees below zero in permafrost

Oil is not extracted from the soil, unless, of course, we consider the tar sands of the Atabaksa deposit in Canada. Oil and gas are found in the rock, but not in the soil.

Secondly, they have high-grade oil. it is pure oil .. It does not have sulfur and paraffin in it, as in Russian .. And this is an additional cost (heating of pipelines, cleaning the composition of sulfur, etc.)

They also have various grades of oil, there is also sulfur dioxide, and there is a high content of resins and asphaltenes, like ours. Light oil - yes, they have more than ours.

Thirdly, Russian oil is produced by filling a well with water so that oil that is lighter than water rises to the top to get it .. Moreover, the percentage of production in wells in this way is very large. And then launching them is not profitable .. These wells have been operating for a long time and exhausted their resources .. From there they simply suck out everything that can be sucked out. And they produce oil in the classical way .. no need to pump water, etc.

- The well is not filled with water. You messed up something. There is a method of overflow water flooding, when water is injected into wells located beyond the contour of the reservoir, and oil is produced in the wells in the center. Many mining methods exist.
- The oil production rate depends not only on the method of operation, but also on the properties of the reservoir itself.
- What do you mean have exhausted your resource? If the well is not profitable, it will simply be decommissioned and that’s all. If necessary - enter again.
- There is no such method of oil production - classic. oil is produced in different ways in SA.

The advanced technology is the complete automation and computerization of the extraction and transportation process .. Where 5 people work for you, two of them did it for them.

In Russia, oil production, refining and transportation are automated at many fields.
Read what a digital twin of the field is.

[T.Henks]

And the chief boss of all the oil companies spoke three weeks ago about the oil and peace world and shame. Who to believe?

[TermNachTer]

As the saying goes, "the music did not play for long, the fraer danced for a short time." Everything returned to normal.

[radiootdel4]

the main factor in a certain stabilization was the decision of Saudi Arabia

- What a great pity !, Moscow lost again and the Saudis won !. They smashed Russia to smithereens, just like the penguins with the British Hitler. Well, I’ve discussed the news, I’ll go a bit into despair, so to speak, I will regret the loss, so I’ll eat something.

[Super]

V.V.P. Saudi again outplayed ... And then many shouted, Putin leaked ...