$30 discount.
RuZZia gets $68.
Did I pass the math test?
Anything over 50 bucks a barrel is golden for RuZZia.
—”Did I pass the math test?”
There are more costs to deduct from the sale price.
Assuming all the oil equipment is paid for, it still costs to transport from the wellhead to the purchaser...
The cost to produce a barrel varies from about $20 per barrel in Saudi Arabia’s desserts to $90 per barrel for some deep-water wells.
Russian oil has some of the higher production costs.
https://knoema.com/infographics/vyronoe/cost-of-oil-production-by-country
Ship-Insurance Premiums for Russian Oil Liftings Up 400%