Posted on 07/13/2025 10:37:20 AM PDT by marcusmaximus
The real price of Urals oil, is what they can sell it for to China and India, who buy the great bulk of it. They don’t pay the spot price, they get a huge discount (because of the effect of sanctions, making Russia a distressed seller).
The average price that Urals exports are actually selling for, is $52. That is what Russia is getting revenue on, not some titular spot price, at which precious few marginal barrels are sold.
“MOSCOW, July 3 (Reuters) - Russia’s oil and gas revenue fell 33.7% year-on-year in June to 494.8 billion roubles ($6.29 billion), its lowest since January 2023, finance ministry data showed on Thursday”
Thanks for filling in some of the details. One way or another, Trump isn’t bluffing. He has cards to play.
Here’s one from back in May, also from Reuters, that includes Russian ESPO grade oil (which sells for more than their higher volume Urals grade).
“According to Reuters calculations, the average price of Russia’s mix of Urals and ESPO blends dipped on May 2 to $48.92 per barrel, or 3,987 roubles, which is more than 40% below the 6,726 roubles the government had originally planned for this year.”
You’re getting closer, but best to not use Reuters as they’re clearly a ‘player’.
“If you’re for Putin, you’re supporting the enemy.”
Why is Russia the enemy, IDIOT ?
“He has cards to play. “
Like what?
Sure as hall not ground war against Russia, which leaves only missile war, i.e. nuclear.
Idiocy !!
I hate to break it to you, but he has a number of cards he can play. To start with, he has economic cards. He can also increase sales of weaponry to Ukraine and have Europe pay for it, which is exactly what he’s doing.
Sorry for the bad news.
Not bad news because that is NOTHING.
Correct, Ukraine didn’t choose to be invaded, the UK BorisJohnson and the US vampiressVicky chose for them.
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