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Caucasus/Russia/Central Asia

Russia’s Oil Pain Deepens as OPEC+ Prepares to Cut Output

2020-04-16

[Twitter]

In May #Russia's coffers will get less than $1 for each exported barrel of #oil, our calculations with @d_khrennikova show. That's the lowest since 2002 when the new export duty mechanism was introduced, according to Finance Ministry. https://t.co/1TcJwEJ2IL
— Olga Tanas (@olyatanas) April 16, 2020

Posted by:3dc

#1 Now is the time to work closely with Putin and help Russia -- and our own shale producers. Our interests in the oil market are finally starting to converge.

We need to stabilize inventories, halt the oil price carnage, and get Americans back on the roads and back to work. If achieving help with the Russians on this requires compromises elsewhere -- e.g. lifting the feckless sanctions on the Russians and reaching a rapprochement aboutSyria and also Donbass and eastern Ukraine - so be it.

Posted by: Lex 2020-04-16 08:16

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