Posted on 04/05/2025 9:31:04 PM PDT by marcusmaximus
Russian revenues from oil and gas plunged by 17% in March from a year earlier, according to data from Russia's finance ministry.
Oil and gas revenues for the Kremlin fell to $13.1 billion (1.1 trillion Russian rubles) last month, while revenues for the first quarter dipped by nearly 10% on the year to $31.4 billion (2.64 trillion rubles), the official Russian data showed.
Much of the decline was likely attributable to the lower oil prices in February and March, as well as the initial chaos with Russian oil trade after the U.S. sanctions from early January-the most aggressive sanctions on Russian oil yet.
Proceeds from oil and gas sales are the most important cash stream for Russia's federal budget.
(Excerpt) Read more at oilprice.com ...
Biden’s oil price increases fueled the war in The Ukraine.
$50 a barrel for Putin sludge oil not stronk.
The Ukies blowing up refineries and storage tanks might have something to do with this as well...
Oil is everything.
The reduction in oil revenue took place for all oil producers. The numbers quoted are essentially identical to the magnitude of price decline. There’s no particular reason to look for any other cause.
Perhaps the most significant event from the tariff-induced market moves of last week is what happened to the price of oil. It is sharply down, and everyone should very seriously think about and realize the president Trump’s goal of strong oil production increases in the United States cannot take place at this reduced price of oil.
Wells will not be drilled if the proceeds cannot pay the price of that well being drilled, especially when interest rates are not 0% as they were when shale got underway. Everyone always knew there was oil in that shale rock and the impetus for making all of that happen over the past 10-15 years was near 0% interest rates on the loan to do the drilling. Higher interest rates have started the talk coming out of the Permian of its peak.
As for the Russian budget, it’s probably most important to understand that their sovereign wealth fund or national wealth fund as they call it is $137 billion dollars. Their deficit for 2024 appears to have been 17 billion dollars. The national wealth fund is available to fund budgetary shortfalls. This means they do not require their Central Bank to fund the deficit via a Quantitative Ease equivalent.
So a decline of oil price by 17% can be erased for about 10 years from via the national or sovereign wealth fund.
And for one additional interesting little tidbit. The national wealth fund has a substantial position in gold. Gold has been sharply increasing in price. Also, the investment manager of the sovereign wealth fund was who Putin sent to Washington just this past week to discuss subjects not revealed.
FR's very own Zeeper Village Idiot™ grunts again!
Is that a frog in Zelensky's throat, or is it something else? 
marcusmaximus doesn’t care one whit about the price of oil.
He’s just here to troll.
Next, we’ll get some one-liner BS from him about Russia Russia Russia.
Queue the sad trombone!
If Trump can force the price back into the low $60’s, Russia will grind to an economic halt.
It was the spike to $100+ oil that funded Russia for the war.
LOL.
Another Ruzzia, Ruzzia, Ruzzia thread from Maxipad.
Just as I was enjoying a quiet weekend,
Maxipad craws out from under his rock.
What Russian oil prices doink? lol!
Take your little cowardly arse to your effin Ukraine, fight in your homo dictator’s war and ask or tell President Putin yourself, you pathetic POS.
marcus and zElensky the Green Goblin star in The Beast With Two Backs - well-oiled with that nasty Russian crude, of course!
As if the little POS isn’t annoying enough, today he posted a thread about dead Ukie children.
Of course this spamming coward doesn’t really give a sh*t about dead children. All he cares about is posting another juicy, Ukie propaganda story for his Soros’s masters.
What Russian oil prices doink?
What Ruzzia Egg Prices Doing Spammer?
Biden’s oil price increases fueled the war in The Ukraine.
Biden’s handlers also cut/slow walked aid to Ukraine when they started kicking invading Moscow Bolsheviks out of Kherson and Kharkiv. Marxist Democrats never wanted Putin to lose his colonialist war of choice and their policies reflected that.
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