The article may as well be discussing oil-prices in 1930.
Fortunately, things are actually [pretty good on that front](https://tradingeconomics.com/commodity/urals-oil) as the price Russia can get for their oil is decreasing again rapidly. Their shadow fleet is heavily sanctioned, and the optimism for any sort of fast solution to the war has vanished.
Also economic activity is suffering from serious headwinds around the world, expected economic activity is low, and new entrants to oil supply are expected to be high in 2025. Couple that with Ukraine reducing Russian output and making it more expensive and difficult, and we can expect Russian energy exports to continue to decrease.
pintord on
I’ll try to get something more recent I just saw a headline on Bloomberg saying Orcs Naphta revenues was in decline. When it’s a big fat Zero we can celebrate.
2 commenti
This is data from April *2024*.
The article may as well be discussing oil-prices in 1930.
Fortunately, things are actually [pretty good on that front](https://tradingeconomics.com/commodity/urals-oil) as the price Russia can get for their oil is decreasing again rapidly. Their shadow fleet is heavily sanctioned, and the optimism for any sort of fast solution to the war has vanished.
Also economic activity is suffering from serious headwinds around the world, expected economic activity is low, and new entrants to oil supply are expected to be high in 2025. Couple that with Ukraine reducing Russian output and making it more expensive and difficult, and we can expect Russian energy exports to continue to decrease.
I’ll try to get something more recent I just saw a headline on Bloomberg saying Orcs Naphta revenues was in decline. When it’s a big fat Zero we can celebrate.