Oil is worth more than $ 43: Saudi Arabia raises oil price above target

Saudi Arabia decided to win back the significant losses associated with the fall in oil prices. To do this, it cancels previously introduced discounts for Asian consumers. This is due to the fact that the markets of Southeast Asia, according to experts, "have entered the recovery path."

According to recent reports, for oil buyers from East and Southeast Asia, Saudi Aramco raised July selling prices not by more than $ 4 as planned, but by more than $ 6 a barrel. This is an average. The largest increase in selling prices amounted to 7,3 dollars. We are talking about such an increase for some Chinese customers of "black gold".

Meanwhile, the price of Brent crude oil rose above $ 43 per barrel, with prices continuing to rise.

Against this background, it is worth recalling that just a few weeks ago, Russia came out on top in terms of oil supplies to the Chinese market.

While statements appeared in the network that Russia “sells oil to China at negative prices,” the most important event on the energy market has occurred. It consists in the fact that the Russian Federation bypassed Saudi Arabia in terms of oil supplies to China, which for many years was Beijing's number one trading partner in the field of oil sales. Experts believe that after a significant increase in prices for companies from China by Saudi Arabia (in July), Saudi Aramco will not be able to regain its primacy, at least in the near future.

The analyst company Rystad Energy says that oil prices are rising faster than predicted after the conclusion of a new transaction in the OPEC + format. It is stated that a connection to the US-Canada deal could play a role in this, which has never happened before.

Comments

[Mountain shooter]

All these agreements are nothing more than a "cartel agreement" directly prohibited by the laws of many countries (the United States in particular)! But life dictates, and all these laws are easily swept aside ... this is only a plus for Russia ...
Another "Russia FSE" ... did not take place

[Malyuta]

Quote: Mountain Shooter

Another "Russia FSE" ... failed good

I am very sorry, but a country like Russia is ashamed to live solely on oil.

[Mountain shooter]

Quote: Malyuta

I am very sorry, but a country like Russia is ashamed to live solely on oil.

And is it not a shame for a country like the United States to rely on LNG, breaking all competitors on the knee in a completely "non-market" way? By the way, shale oil too. Look at the structure of US exports ... There are many, many hydrocarbons ...

[Volodin]

Quote: Malyuta

I am very sorry, but a country like Russia is ashamed to live only due to oil.

Here I will also allow "to apologize strongly", but Russia does not live only due to oil. Yes, the dependence is still significant (up to 40%), but it’s somehow strange to say that the entire budget is oil ... I think you yourself know this very well.

[Malyuta]

Quote: Volodin

. Yes, the dependence is still significant (up to 40%), but it’s somehow strange to say that the entire budget is oil ... I think you yourself know this very well.

I did not say that the entire budget consists of oil, because there is also a "second oil" - this is the people who, through explicit and hidden taxes, excise taxes, VAT, fines, and so on, will replenish the rest of the budget.

[CSKA]

Quote: Malyuta

there is also "second oil" - this is the people who, through explicit and hidden taxes, excise taxes, VAT, fines and so on, will replenish the rest of the budget.

And in which countries there are no taxes, VAT or excise taxes?

[Malyuta]

Quote: CSKA

And in which countries there are no taxes, VAT or excise taxes?

It is in the country where you want, all the same, no matter what, to blow the winged Poseidons of Yellowstone.

[lucul]

It is in the country where you want, all the same, no matter what, to blow the winged Poseidons of Yellowstone.

Are you worried that the curators will stop paying? ))))

[CSKA]

Quote: Malyuta

It is in the country where you want, all the same, no matter what, to blow the winged Poseidons of Yellowstone.

Your next little lie. US taxes are higher than the roof, and in the US there is no VAT, there is a sales tax. Excise duty in the United States is an indirect tax on the listed items. Excise taxes may be made by federal, state and local governments and are not uniform throughout the United States. Some excise taxes are collected from the manufacturer or seller, and are not paid directly by the consumer, and also often remain “hidden” in the price of the goods or services, and are not indicated separately.
In general, I'm not even surprised at your next lie.

[RUSS]

Quote: Volodin

but Russia does not live solely on oil.

Due to taxes and fees from the population

[demo]

If we take into account only the sale of oil and hydrocarbons, then everything would be so, as it seems to you.
But the situation is different.
The ruble exchange rate is directly tied to the price of oil.
Oil rises in price, the dollar falls, the ruble grows.
There is a drop in oil prices, everything is changing the other way around.
And the ruble exchange rate is also customs duties on import / export of goods, these are changes in the domestic price.
This is, after all, currency speculation related to the withdrawal of foreign currency abroad.
Such a wild economy, I would not even wish for the enemy.
And here on you is Russia, Karl!
So what seems positive to you is actually a complete and undisguised dependence on world financial capital.
And what seems to us to be a sovereign policy, in fact, is an unquestioning implementation of the instructions of the Washington Regional Committee.
And the Russian government and its supreme leader are in fact appointed local occupation authorities.

And before everything seemed the same as you.

[Malyuta]

Quote: demo

The ruble exchange rate is directly tied to the price of oil.
Oil rises in price, the dollar falls, the ruble grows.
There is a drop in oil prices, everything is changing the other way around.

Comrade, the ruble exchange rate is tied to the gas-pipe by the naibulina, the sechina and the one-kilometer, as well as the vrotenberg, everything else is whim and vanity.

[demo]

The binding of the ruble exchange rate to the above persons is not entirely correct.
These characters are clerks, albeit senior ones.
We must clearly understand the following.
There is a basic rule for Nabiulina and her associates, at the "Our Father" level - the Budgetary rule.
It reads:
"The number of rubles must correspond to the number of dollars in the accounts of the Central Bank of the Russian Federation, in terms of the current exchange rate."
If money becomes less (there were not enough dollars), then there will be a budget deficit, if it becomes more (oil in the price went up), then there will be a budget surplus.
But a surplus can accelerate inflation, which Nabiulina fears more than her death.
This is where the games begin with the growth of the dollar and the fall of the ruble.
Specially selected financial and credit organizations begin to raise the dollar.
There is a leaching of the ruble mass.
A poor population continues to be poor.
The rich are getting richer.
The status quo is respected.
This is a very short background.
But this policy speaks only about one thing - the Russian Federation does not have a sovereign financial and credit policy.
We, as a state, are absolutely dependent on the dollar, and on the price of oil, and on external managers.

[lucul]

And the Russian government and its supreme leader are in fact appointed local occupation authorities.

And before everything seemed the same as you.

Yeah, and that’s why Russia took Crimea to itself, and in Syria it was able to go on to defy Finintern, right? )))

[Ramzes iv]

Quote: Volodin

but Russia does not live solely on oil. Yes, the dependence is still significant (up to 40%), but it’s somehow strange to say that the entire budget is oil ...

I want to support you in this ..! Thanks to the sanctions, etc. But Russia's budget doesn’t depend much on oil anymore .. For example, dropping it to a minimum didn’t collapse, but of course it’s difficult .. Agriculture is growing (there are a lot of lands and pastures) .. I won’t list Alexei, you’re a journalist and more informed .. But there’s nothing to rejoice ..

[Lannan Shi]

Quote: Ramzes IV

But Russia's budget is no longer particularly dependent on oil.

According to the Federal Customs Service, the share of fuel and energy products in Russia's exports, in 2019, is 62.1%. Simply put, if we suddenly run out of oil and gas, our foreign trade will practically die. And the budget will die after it. For Russia's dependence on imports is critical in many industries. The economy will start to fall off by sectors. For example, the automotive industry will fall at least twofold For in "purely Russian" KAMAZ imported spare parts 20%. And vases - a third. And there will be nothing to buy them for. For Russia's exports will fall from 420 billion to 160 billion. And imports will have to be cut by almost half. By the way. even greater dependence in pharmaceuticals. Ready to be treated exclusively with iodine and aspirin?
Well, to collect taxes from the economy, which crumbles into pieces, is an occupation for violent um ... well, let's say, optimists. So ... Our budget does not depend on oil that is strong, but absolutely. Get used to consider not only direct losses, but also indirect ones.
By the way. About direct losses. Not so long ago, Sechin said that Rosneft had paid about 3.6 trillion rubles to the budget. 1/6 of the budget in practice. And not only this company indulges in oil. So ... I would be careful not to say that the budget is weakly dependent on oil. Or do you not believe the sunflower and his best friends?

[mitroha]

Quote: Malyuta

I am very sorry, but a country like Russia is ashamed to live exclusively due to oil.

Once again, you are exaggerating, to put it mildly.
At the end of 2019, Russian oil exports amounted to 267,5 million tons.
In total, the share of fuel and energy products in Russian exports accounted for 46,3% compared to 45% in 2018.
Oil occupied 28,7%, as in 2018.
And Rosstat data in response to you:
3. The main exported goods:
Exports from Russia in 2019 amounted to $ 420.4 billion, decreasing by 6.5% compared to the same period last year. Mainly exported:
53% - Mineral products
13% - Hidden section
9% - Metals and products from them
5% - Chemical products
4% - Jewelry
3% - Machinery, equipment and apparatus
2% - Vegetable Products
2% - Wood and wood products
1% - Plastics, rubber and rubber
1% - Animal products

[Malyuta]

Quote: Mitroha

Mainly exported:
53% - Mineral products: Supplies to China (18%), Netherlands (16%),

Your data only confirms the thesis about the dependence of the Russian Federation on the "mineral" component of exports.

[mitroha]

Do not spin around like a frying pan, you talked about oil exclusivity in export. Mineral is not only oil. And I brought a share of oil - "Oil took 28,7%as in 2018 "

[Stas157]

Quote: Mitroha

Do not spin around like a frying pan, you talked about Exclusivity oil in export.

Well, you dodge here, and it's completely embarrassing. The main and main income of the Russian budget, as well as the source of the currency comes from the sale of oil and gas. Therefore, in the structure of budget revenues, oil and gas (there is no difference by and large) exceptional and not interchangeable.

For the whole of 2018, according to the Ministry of Finance, oil and gas revenues amounted to 9 trillion rubles, or 46,3% of all income federal budget;

For verification, here is the official website of the Ministry of Finance with numbers:

 Show / Hide text

https://www.minfin.ru/ru/statistics/fedbud/execute/?id_65=80041-yezhegodnaya_informatsiya_ob_ispolnenii_federalnogo_byudzhetadannye_s_1_yanvarya_2006_g.

[Aleksey Aleksandrovich]

Quote: Malyuta

I am very sorry

I also greatly apologize, but it may be enough to repeat this mantra about the life of Russia exclusively at the expense of oil. You look in open sources that produces and exports the Russian Federation except oil. So, for fun, look. Settled, oil is oil.

[Deniska999]

And what then, with every drop in oil prices, such a boom rises. Since they are independent of oil, then they worry about the government, they put oil prices in the budget.

[Gennady Fomkin]

I will answer briefly revenge served cold Camels must graze camels to milk them for export

[Malyuta]

Quote: Alexey Alexandrovich

but it may be enough to repeat this mantra about the life of Russia exclusively at the expense of oil. You look in open sources that produces and exports the Russian Federation except oil. So, for fun, look. Settled, oil is oil.

I had never heard of oil 30 years ago, but now "mygazProm" and "rossbytneft" have stolen not only what they were able to steal, but even beyond that, we, as a courageous people, will bravely and heroically survive this fact.

[Golovan Jack]

Quote: Malyuta

About oil 30 years ago, I had never heard

For infancy, I guess ...

Quote: Malyuta

we, as courageous people, will persistently and heroically survive this fact

But why do you trolls need oil? Are you eating stones like?

[Malyuta]

Quote: Golovan Jack

But why do you trolls need oil? Are you eating stones like?

I am very sorry, but your opinion about your own significance is greatly exaggerated.
Threat. I heard a lot about your activities as a troll, so why are you starting to blame other members of the forum for this? If you want to provoke my anger with your ridiculous jokes, then you were mistaken for the addressee and I repeat yesterday's thesis that you love dogs too much and hate of people.

[Golovan Jack]

Quote: Malyuta

I have heard a lot about your activities as a troll

"Malyuta", you are, in essence, yours, there is what is called an NPC. Nepis.

And so your opinion about me, my attitude towards people, dogs, the census and other environmental objects - does not bother me at all.

But why did you, the troll, suddenly need oil - yes, it interested. So, purely disinterestedly

[Vadim237]

You haven’t heard about oil - but in the USSR it was the main source of currency for which the USSR purchased equipment from the capstran countries machinery, foodstuffs, consumer goods, etc. in order to cover the growing deficit in the country.

[Ramzes iv]

Quote: Golovan Jack

But why do you trolls need oil? Are you eating stones like?

They just need to poke and hype to catch .. Well, what for them Roman!
You rub them here yourself. You have great talent in this, but my pressure rises if I start a conversation with them ..

[not main]

Quote: Golovan Jack

For infancy, I guess ...

Not in the eyebrow, but right in the eye!

[Golovan Jack]

Quote: non-primary

Not in the eyebrow, but right in the eye!

I can

Moreover, the character is known to the details. He doesn’t even suspect to which details he studied

[Aleksey Aleksandrovich]

So 30 years ago, and the Russian Federation was not. And the fact that you have not heard about oil also does not mean anything. Nobody just told you about the importance of oil exports for the economy of the USSR. And the value was not small.

[Alexander Mironovsky]

Well then, really study the structure of export and income from it, and then find that 75% is energy, and the rest, in principle, is another raw material and a little atom ..

[carstorm 11]

oil and gas revenue is 45 percent of all. you are the one who got excited.

[Alexander Mironovsky]

In the structure of the economy, and in the structure of exports, the figures are different ..

[rocket757]

Quote: Malyuta

I am very sorry, but a country like Russia is ashamed to live solely on oil.

Not to develop other industries except the oil industry and serving it, it would be a disaster, delayed, programmed ... something like that.
But oil, gas, and other resources can be sold for now, but it is necessary to switch to deep processing of resources and minerals on our territory, so that our domestic demand can be satisfied and there should be something to export.
in general, such plans were voiced, let's see how the implementation turns out.

[Malyuta]

Quote: rocket757

in general, such plans were voiced, let's see how the implementation turns out.

Getting off the "needle" in my memory has been voiced for 20 years in a row, and by the way, where is the money from the "fat" 3s, when hydrocarbons cost XNUMX times more?

[rocket757]

We have enough of our troubles ... I don’t presume to list sales. Empty chatter in the same row.

[letinant]

Quote: Malyuta

Quote: Mountain Shooter

Another "Russia FSE" ... failed good

I am very sorry, but a country like Russia is ashamed to live solely on oil.

I do not excuse you. Tell me, what proportion of R.F. from hydrocarbon production (for those in an armored train, hydrocarbons are oil and gas)?

[Gennady Fomkin]

What is Russia?

[Civil]

The main thing is the gain in currency, since there is none)

[Ramzes iv]

Quote: Mountain Shooter

All these agreements are nothing more than a "cartel agreement"

We wanted to fill up our economy, gentlemen did not work ..

Quote: Mountain Shooter

Russia is only a plus ...
Another "Russia FSE" ... did not take place

Then I look that the neolib is so sad and at the same time angry ..)))))
Break through this time

[antivirus]

all this is good, however ... I would like to get a breakdown in cable production - building aircraft carriers is closer for Voshnikov.
"A meeting with Krutikhin was held in the joint edition of Gazovy Vestnik"

[Mavrikiy]

Saudi Arabia decided to win back the significant losses associated with the fall in oil prices.

Try to win back when the country's budget is set up at a price of $ 60 /

[silverwolf88]

Oil prices will be unstable for a long time ... too many factors of influence ... the market is shaken ... military conflicts have touched some of the main places of production ... above $ 40 it’s already good for Russia ... it means profitable ...

[SeregaBoss]

Where are all these oil annals? Where did the curses go? Is there nothing to discuss? Oil is returning to acceptable prices, the ruble has rolled back to its "initial" levels, oops already the US and others are sitting at the table and not buzzing.

[Willywonka]

The price is kept at the expense of the transaction with OPEC. So the essence of the transaction is to reduce the volume. We sell less oil by 17-20%, and for gas, the situation, if I understand everything correctly, is much worse.

[siberalt]

Saudi Arabia itself essentially cannot do anything. The Middle Ages, however. All of its oil was bought up in the bud by the United States, but sold as Arab oil. Hence the concept - petrodollars, to which our Russia and its friends from the St. Petersburg Ocean are tightly attached. As they say, remnants of the past or an echo of war. Now the main thing is that we do not follow the Ukrainian scenario of Soros. And if not, then a total purge in power is simply inevitable. Will the king have enough strength and Spirit for this? Let's see what happens after the "vote" for "changes". The main thing is in quotes, because we simply cannot do without them. We will see.

[ANDREY MIKHAILOV_2]

While statements appeared in the network that Russia “sells oil to China at negative prices,” the most important event on the energy market occurred. Here is about all these statements on the network. Now on the Internet there are such arguments as, More than sure .. I think ... In my opinion .... One acquaintance told me .. Already officially considered indisputable evidence. ?????

[Vasyan1971]

Saudi Arabia decided to win back the significant losses associated with the fall in oil prices.

Well. "And how did you breathe, how did you breathe?" ©
And was it worth it to raise the butch?

[EvilLion]

Actually, Russian oil and Arab oil are two different things, and just our oil prices didn’t fall so much. It’s just impossible to reorient supplies, because oil refineries work with specific compounds, and they won’t buy inappropriate raw materials just like that.

[siberalt]

In fact, there are no "real sales" of oil from any producer country, except for the amount stolen from the peoples. Everything has been different there for a long time. Oil pumps pour supplies to the exchange, and there they decide who the real seller will be. Then everything is played on securities with speculative bubbles from the real value of the oil. There are no states and nationalities there. Continuous speculation - I bought it cheaper, but I bought it more expensive. Nothing in this world has changed.

[EvilLion]

I understand that this is hard to understand, but the oil producer does not care what the buyer will do with his oil. The oil producer does not care how much he will spend on sales. On the other hand, the end consumer does not care how stable the supply will be. But you didn’t manage the plant, you don’t know what will happen if it gets up even for a day due to the absence of anything. You have everything turned on by clicking on it.

Well, in order for stability to exist, deliveries are contracted much in advance, and only what is not contracted goes into free sale. In the case of gas, there is not much to the spot market there. That is, all speculations exist exactly as much as they have what to sell, large players do not need them in FIGs.

About "the bowels belong to the people" is ridiculous, because there is no such legal concept as a people. There is a state and there are companies that have permission to extract minerals, even if you have a complete USSR, mining is still conducted by a specific organization, and not by some incomprehensible people, the level of integration is simply increasing.

[Willywonka]

for $ 10 on URALS - didn’t it fall? The problem is not only a fall, but a refusal to buy Russian oil. If not for the Chinese in the last month, it would have been hard.

[Doccor18]

analyst company Rystad Energy say that oil prices are rising faster than predicted ....

How often do economic analysts, the gurus of stock speculations show their failure in assessing the situation and even the near forecast. It is complex - the global economy.

[siberalt]

Yes, you will refer to oil analysts. Funny, right. They are either dizzy, provocateurs, or dumb. You will never know the truth. For, loot loves silence. Regards, Oleg.

[Nikolaevich I]

Not for a long time the music played ... not for a long time the fraer was dancing ...

[KVU-NSVD]

Dumping and gaining a larger share in "foreign" markets is certainly good in the long run, but the holes in the budget need to be plugged today. And the United States, again, is pressing through the undercover channels - they need to get their shale producers out of the knockdown ...

The largest increase in selling prices amounted to 7,3 dollars. We are talking about such an increase for some Chinese customers of "black gold".

and at the same time to China by an exclusive rise in price to spoil ..

[Narak-zempo]

Hmm, judging by the photo in the article, the Saudis in the oil industry are also not ice. Noticed what a rusty tank?
And gas is mercilessly burned in flares, and this is a valuable chemical. raw materials.
The predatory exploitation of the bowels, however. Medieval mentality.

[siberalt]

Yeah. Iran has already hinted to them what their bulk facilities in ports for sending raw materials cost. And she will apologize that a couple of missiles fell the wrong way the easiest.

[Ramzes iv]

Quote: siberalt

Yeah. Iran has already hinted to them what their bulk facilities in ports for sending raw materials cost. And she will apologize that a couple of missiles fell the wrong way the easiest.

Yes, the Saudis got into a puddle together with the United States! As we in Russia say, "Don't dig a hole for another, you yourself will fall into it!".

[Ros 56]

Yeah. Saudi cockerel pecked in the ass, so much so that prices are jumping on a swing. What they fought for is what you get.

[Gardamir]

So what is it, gasoline will rise in price again?

[Malyuta]

Quote: Gardamir

So what is it, gasoline will rise in price again?

And this is not important, what is important is that the "Mikhans" went for a breakthrough and the Patanin gas-depression can flood the whole Siberia with free salary.

[Narak-zempo]

Quote: Gardamir

So what is it, gasoline will rise in price again?

Not again, but again

[Mikhail3]

True, contracts for China are not at all for $ 43. And as soon as we have to conclude new ones, we will immediately lose this first place, of course. The article is a rather primitive manipulation. It's a shame, we could have tried harder ...

[Roman123567]

Do not destroy their card locks .. let me at least be happy for a couple of days before an article is published on increasing LNG production in the USA amid rising prices ..

[fif21]

Quote: Roman123567

before an article is published on an increase in LNG production in the US amid rising prices.

An article has already been published on increasing shale oil production in the USA! That's how the mattress covers and breeders camels. Liquefied gas is another topic.

[Alexander Mironovsky]

You can breed rabbits, but here everything is perfectly monitored by a bunch of experts and companies, which SA will pay much more for an insider than even the USA can afford ..

[parusnik]

Probably, now gasoline will become cheaper ...

[Mikhail3]

Quote: parusnik

Probably, now gasoline will become cheaper ...

In modern Russian, there is no such phrase.

[Hey]

I read about the price of oil. AND?
Price is an integral part of trade; another part is the volume of goods. Not a word about him.
Therefore, OPEC + discussed earlier a reduction in oil supplies. And since oil is less, the price is higher.
And income still remains the same.
Of course you can play on the shortage of goods. And get a little more profit.

[ZVS]

The Saudis with their demarche have managed to their ears, are they now trying to recover what they lost? I think that they will not return the American market in full. In a word, frostbitten ears to evil grandmother.

[Alexander Mironovsky]

They have already done this more than once and will do it again, all the more so as they nevertheless bent Rosneft in the western direction and it will be awful how difficult it will be to return buyers back at the Russian cost price ..

[ZVS]

What does it cost? Urals in the market is trading slightly less than Brent. The market sets the price. Factories in the United States were technologically built for heavy oil, so the Americans easily cut off the supply of light Saudi oil to their Saudi market. And Rosneft left Venezuela (but not from the western direction) only because of the announced sanctions against Venezuela. But compensated by an increase in oil supplies to China. .

[Pvi1206]

the game on the oil market continues ... the one who further calculates will be in the black ...

[fif21]

This is not the price of oil has risen, this is the dollar fell! Continue to sing odes to mattress wrappers.

[Junior Private]

Quote: Malyuta

I am very sorry, but a country like Russia is ashamed to live solely on oil.

I will continue your thought: Norway, the Saudis should be more ashamed ... - here you can write a short list. But Ukraine, where there are a lot of polymers, will not have to blush about this, one can even be proud. Did I understand your idea correctly?

[Alexander Mironovsky]

The Saudis have already drhrd oti oil and less than 50% of GDP.

[Narak-zempo]

Quote: Alexander Mironovsky

The Saudis have already drhrd oti oil and less than 50% of GDP.

Well, yes, tell tales.
What do they have there in general, except for oil, camels and Hussites?

[Alexander Mironovsky]

Let this expert remind you how much Rosneft owes China, at the same time calculate how much the Russian Federation made a profit and whether it taught at all! The third nuance is a drop in oil sales by more than 2 times in the western direction at prices almost
twice lower than six months ago, i.e. it can be calculated that budget revenues from energy exports have fallen by about 8 times in total terms, taking into account the actual supply, including h. Gazprom - draw conclusions ..

[Operator]

The main thing is that the price does not go over 45 bucks - the cost level of shale oil.

[Gennady Fomkin]

While everyone was sleeping, Brent jumped 43, and WTI $ 40 per barrel. That's what OPEC + life-giving does.

In addition, the collapse of production in the United States continues and there is a way out of quarantine for an increasingly large part of the world economy, and demand is correspondingly growing. I’ll go to sleep further. the longer I sleep, the higher the price of oil

[Gennady Fomkin]

And what about the Saudis with the budget? He was made up with a price of $ 80. The Russian Federation has a budget of $ 42


it turns out the Russian Federation has reached a level of equilibrium, and the Saudis fall further into the financial abyss? I am delighted with the genius of Sechin and his boss)))

[Gennady Fomkin]

Quote: Civil

The main thing is the gain in currency, since there is none)

The main thing wisely dispose of her

[Gennady Fomkin]

We must ask Trump to make a speech lasting a couple of months, nehai oil is growing.

[Gennady Fomkin]

Quote: Gennady Fomkin

We must ask Trump to make a speech lasting a couple of months, nehai oil is growing.

Nekhai in "Odnoklassniki" or "Vkontakte" will register. There are video conferencing. We have everything for garlic, uncensored.

[Gennady Fomkin]

Quote: Alexander Mironovsky

The Saudis have already drhrd oti oil and less than 50% of GDP.

The economy of Saudi Arabia is based on the oil industry, which accounts for 45% of the country's gross domestic product. 75% of budget revenues and 90% of exports are oil products exports

[Gennady Fomkin]

Shh ..... No one will suspect that Trump speaks for Sechin, everyone thinks that he butts with China)

[Gennady Fomkin]

Yes, we would have to hold it for about a month or two near $ 40 a barrel in order to clean the market from the most financially unstable offices. When it comes to bankruptcy - there will be a year of respite - until the courts pass and negotiations with creditors, the forced sale of equipment and oil fields, etc. - is not a quick matter. Well, the Saudis, so that their treasury would be shocked and they wouldn’t get into bad thoughts, both in dumping with oil and in war games with neighbors.

[Gennady Fomkin]

Sanctions against Iran and Venezuela removed their heavy oil from the market - at least legal -. And therefore, our universal medium-heavy Urals is steadily quoted near Brent - sometimes a little lower, sometimes a little higher - but before that it went at a noticeable discount all the time. And Sadovaya light Arabian Light butts with American shales. Well, to health. We are quite happy with this situation - discounts are extracted from their wallets)