Looks like oil is going for about $80-$85/bbl.
Imagine walking into a fancy restaurant with a coupon that you made yourself that you get your meal for 25% off. Manager says “no, that’s not how coupons work.” And your response is “well, I’ve handed out hundreds of these coupons. You’ll have to take them eventually.”
“Looks like oil is going for about $80-$85/bbl.”
I read that Russia is currently selling oil at a discounted $58/barrel to India, China and others. Russia has to move its oil, or it puts pressure and stress on the oil infrastructure of pipes and valves..
See how Russia flares off $10 million gas each day near the Nord Stream pumping station? This gas flaring is visible from Finland. This is to relive pressure on its gas infrastructure. Russia just can’t keep it in the ground for another day or year.