Every cent the oil price drops means less revenue for Russia to finance their war of aggression. May it long continue.
There is an argument to be made that Putin’s ascent / gain in popularity correlated with the rise of the oil price in the noughties. It was easy to market himself as the “saviour of Mother Russia” then.
Baset-tissoult28 on
Perfect 👍
atchijov on
If i remember correctly, anything under $50 results in growing deficit. I wonder what they will pledge as a collateral to get more loans from China?
GeorgiaWitness1 on
The oil glut will most likely be the new normal. Supply continues to rise, while demand is shifting toward natural gas, and the glut is like 4M barrels a day (without counting with 3M of elastic supply from OPEC).
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Source article from today https://www.bloomberg.com/news/articles/2025-12-22/russia-s-oil-plunges-to-34-as-us-sanctions-spark-huge-discounts
(Bypass Paywalls Clean helps you reading it 😉
Every cent the oil price drops means less revenue for Russia to finance their war of aggression. May it long continue.
There is an argument to be made that Putin’s ascent / gain in popularity correlated with the rise of the oil price in the noughties. It was easy to market himself as the “saviour of Mother Russia” then.
Perfect 👍
If i remember correctly, anything under $50 results in growing deficit. I wonder what they will pledge as a collateral to get more loans from China?
The oil glut will most likely be the new normal. Supply continues to rise, while demand is shifting toward natural gas, and the glut is like 4M barrels a day (without counting with 3M of elastic supply from OPEC).
Russia’s output is around 9M.