Vladimir Putin commented on oil prices

Speaking at a press conference during the Asia-Europe summit, Vladimir Putin commented on the situation with falling oil prices. The President of Russia recalled that the Russian budget has been laid down, taking into account oil prices of $ 96 per barrel. The price of oil is currently at 10 dollars lower.

Vladimir Putin said that, in his opinion, the price of oil will be adjusted in the near future, since none of the serious market participants is interested in the price at the level of 80 dollars per barrel and below. The budgets of countries that receive large revenues from the sale of oil on the world market, indeed, do not involve large-scale trade at prices that are significantly lower than the 85-90-dollar bar.

Vladimir Putin quotes RIA News:

The Russian budget is laid out at the rate of 96 dollars per barrel, now it is lower than 96 dollars, but I don’t see any tragedy here. Now, I think that the price will even out, will be adjusted, all the more so that none of the serious market participants is interested in keeping it at a fairly low bar in 80, lower or slightly higher dollars.

If world prices remain at the level of 80 dollars, then all production will collapse, the main oil-producing countries also have a budget calculated at the rate of 80 dollars with a little, under 90 dollars per barrel. There are corrections, they are connected with objective circumstances.

Meanwhile, the world's leading economists tend to believe that relatively low oil prices can last for several months. But, according to the same experts, the longer the “cheap” oil is, the higher its price will jump next year.

Comments

[Revolver]

It is again the Arabs, in particular the Saudis, who are cheating on the market. Yes, and ISIS steals oil at half price. The Turks do not particularly talk about this, but in fact it’s not bad to profit from this trade.
At the same time, at the gas stations in America, I do not notice a serious reduction in prices. Cents may have been lowered by 10-20 per gallon, but at a price of over $ 3 per gallon this is not very noticeable.

[Giant thought]

It is time to organize riots among the Saudis so that oil prices go up.

[DRA-88]

Quote: Thought Giant

It is time to organize riots among the Saudis so that oil prices go up.

Those. You think that instead of developing industry, building roads, developing infrastructure (it’s just cheap energy carriers here), we have to arrange a war somewhere, oil will rise in price, and we will be glad about the growth of GDP.
The lower the price of oil, the more incentives for the Russian authorities to think!

[DRA-88]

What a strange life we ​​have!

[Letun]

Quote: Giant thought

It is time to organize riots among the Saudis so that oil prices go up.

It is time in our country to restore order so as not to depend on oil prices in the same way as banana republics on banana prices. Of course, you can minus it, but for our country it is a shame just to depend on oil prices.

[Revolver]

Quote: Giant thought

It is time to organize riots among the Saudis so that oil prices go up.

And then someone said that Russia did not need aircraft carriers. There would be a couple of aircraft carrier groups "under pairs", it would be possible to de-democratize the Saudis in full, and Qatar to a heap. And the reasons would have been found - why are they, so-so-so, women discriminate and gays are offended and generally some undemocratic.
So build aircraft carriers. Oh, nowhere? So you need to take care that in Nikolaev they don’t jump and paint the walls in yellow-black colors, and work for the good of the Motherland (not Ukraine).

[Mountain shooter]

Prices at gas stations will only rise. Like oil prices. Gasoline cannot fluctuate in price at the same rate as speculative prices on the exchange. I don’t quite understand what will happen to the Russian budget? This year it is reduced with a surplus of a trillion. Is that good? Well, they will reduce it with a deficit of half a percent. In the 15th year. There’s also more reason to talk than a real threat. I do not understand another. The threat of loss of independence due to a binding to the monetary system of the West has become very distinct. It is necessary to draw conclusions.

[mirag2]

A budget with a surplus is always necessary, especially now.
And Russia is paired with yellow (China) buys a lot of gold.
So the US dollar is growing against the backdrop of the successes of the states, but it will not sell gold to him either in the present or in the future.
And that is +.

[iwind]

Well, actually, gold is falling from 1752 per ounce in 2012 in September to 1236 now ...
This is not to mention the fact that the Russian Federation has been actively selling gold reserves for the last couple of months to support the exchange rate. $ 46 million until 01.10. 2014 45 016 million $
http://www.cbr.ru/hd_base/default.aspx?Prtid=mrrf_m
the same with foreign exchange reserves from 01.07.2014/XNUMX/XNUMX 418 828 million $ to 396 792 on 01.10.2014.
This is not yet taken into account that over the past week they poured into an average of $ 2 billion to support the ruble.

[Not local]

They don’t want to buy at 96 dollars, then we don’t sell, let them look in other places, they’ll be another month and they’ll be nice to buy at our price.

[Revolver]

Quote: Non-local

They don’t want to buy at 96 dollars, then we don’t sell, let them look in other places, they’ll be another month and they’ll be nice to buy at our price.

Saudis will only be happy. It is easy to lose the market, but once again it’s difficult to get into it.

[g1v2]

Here, as it seems to me, is one of the main reasons for the fall. Americans are going to extract shale oil, which means that their main supplier, Saudi Arabia, is losing part of the market and is trying to dump, to recapture part of the market from competitors. However, it turns out that it is unprofitable to extract shale oil below $ 80 and the shale boom may turn out to be quiet.

[quote]

The fact of the matter is that there is no need to look for oil and search for it. But what is the point of having a product for sale and not selling it? Even if it’s lower than the estimated price? If the money from the sale is budgeted. Generally, to collapse the economy? Not far-sighted. In my opinion it’s better to almost miss the calculations, than to miscalculate in full.

[VAF]

Quote: devis

If the money from the sale is budgeted. In general, to collapse the economy? Not far-sighted. In my opinion it is better to almost miss the calculations, than to miscalculate in full.

I support, +! Especially since there is "someone to get" and how to "justify" .... our deeds on "enti" ... "great masters"

[Vita_vko]

Faster need to switch to settlements in national currencies or in gold. The faster the world gets rid of $, the less the United States will have the opportunity to rob other economies and organize wars and lawlessness in other countries.
Ideally, one should strive to completely separate capital from politics and the state. By analogy, they separated religion from the state 500 years ago in order to end religious wars. As long as capital will influence the policy of war will only intensify.

[sherman1506]

No way the Americans will calm down, would have overstrained faster.

[Agent 008]

Putin is wrong. If it collapses, then Russian production, which is not there! We’ve gotten used to living on oil and gas for free, but it’s time to switch to the real development of production in Russia ... You don’t have to answer for the whole world, it’s better if our thief oligarchs are dispossessed so that people can see! And so there will be hard workers and pensioners at a loss, and military men in chocolate, and officials! That's the whole story ...

[valokordin]

The Americans will not break. The past time has shown that they are like a bottomless barrel, if there are not enough dollars, they will print, there will not be enough paper, they will use the money of Russia itself, because our reserves are in American banks. Now we will also rule Chinese banks. Chinese banks came to us with capital more than Sberbank each. Well, Western banks do not give loans, so you can take from your own, but ours take interest-12, and Western and Chinese 4%. The greed of our banks knows no limits, and the corruption of the government, too. It’s time, it’s time to become independent, sovereign and with passionate zeal to comply with the president’s instructions. And we will live with any oil prices, although gasoline, despite falling oil prices, is becoming more and more expensive. Here it is the face of wolf capitalism in Russia, robbing its people and all. If they give little for a rupee hedgehog, we will demand more inside the country. And then the USSR was bad.

[tasha]

86 dollars per barrel for our economy is not very pleasant.
On the other hand, it is necessary to lower the price of petroleum products domestically. For example, fuel will become cheaper - transport costs will decrease.
It will be easier for manufacturers of the same plastics. And much more.
Spend in the army, burn more on exercises ...

[Egoza]

Quote: tasha

Spend in the army, burn more on exercises ...

Yes, just provide your outback!

[VAF]

Quote: tasha

On the other hand, it is necessary to lower the price of petroleum products domestically.

Did they remember about communism and ... "the common prosperity of the working people"?

But what about palaces, Courchevels and cooperatives ... well, like "Lake"?

[sv68]

maybe it’s just enough to live mainly due to mother nature? and not yesterday, the question was already raised - we need a technological country, and on the plunder of nature, we simply slide down to the level of the same outskirts and in Samali will already be laughing at us. The hypocrites in power, the words always diverge from the deed. With such an economy in ten years wake up called-banana republic of Russia

[Viktor Kudinov]

We must stop selling oil. It will come in handy. To us and future generations!

[ODERVIT]

Reduce the price in the domestic market? Monopolists will never go for it or throw it away, to divert eyes, a penny.

[Eggor]

Recording of the broadcast of the press approach of Russian President Vladimir Putin following the results of the ASEM summit in Milan.

[PValery53]

The sound volume is underestimated.

[Signature]

Of course, oil is an outstanding "actant" in terms of its influence in terms of undermining or strengthening financial well-being, but, unfortunately, now the ruble is falling against both the Ukrainian hryvnia and against the European currency.
This means that it is impossible to write off everything only for oil. The only thing that is difficult to disagree with (under all circumstances): you cannot cry to the enemy "in the vest", even if he "got you" and "squeezed" you. We must continue to smile - as if nothing had happened: after all, his patience has its physical (that is, financial, economic) limit ...

[Kazanec]

To be honest, I see no reason to depreciate the ruble against the hryvnia. Unless artificial manipulation of the course by the National Bank of Ukraine. And that is purely for populist purposes. Colleagues?

[Signature]

They are not there. The goals are absolutely populist, however, they are not alone.
Only it is not the Ukrainian oligarchy who "plays", but those who exercise external control ...
In other words, the matter, as before, is not only in oil as such!

[Vadim237]

We need to take the budget at the rate of seventy dollars per barrel, and reduce the share of hydrocarbon profits in the budget to twenty percent due to the development of another industry.

[Agent 008]

Quote: tasha

On the other hand, it is necessary to lower the price of petroleum products domestically. For example, fuel will become cheaper - transport costs will decrease.
It will be easier for manufacturers of the same plastics. And much more.
Spend in the army, burn more on exercises ...

Ek you are dreaming! Of course, they will not regret the army, but motorists need to prepare, gas prices will rise, I'm sure ...

[andruha70]

Meanwhile, the world's leading economists tend to believe that relatively low oil prices can last for several months. But, according to the same experts, the longer the “cheap” oil is, the higher its price will jump next year.

well ... this is the pi.pets of the "shale revolution" in vain, or what, they - half of America "shoveled" yes hren they will give - to fall in price - for a long time

[Prager]

oh how dangerous it is for us to sit on a raw pipe! in everything depends on external factors, and this is very bad for the country's economy. urgent re-industrialization of the country is needed.