[marcusmaximus]

Oil is down 50%. That’s the reason Russian oil revenues are down 50%.

And that doesn’t include the 30% discount to China and India.

[nickfrost1]

Oil is down 50%. That’s the reason Russian oil revenues are down 50%.

And that doesn’t include the 30% discount to China and India.==

There is NO such discount at all. Here: https://oilprice.com/Latest-Energy-News/World-News/Academics-Russia-Selling-Oil-Way-Over-Price-Cap.html

And oil revenue down because Russia diminish pumping for 0.5 mlns barrels a day. Russia simply decreased her IMPORT. SO the industry of Europe must now diminish her production.

It is a 2-way street.