[dennisw]

https://www.themoscowtimes.com/2019/11/12/russian-oil-production-most-expensive-world-saudi-aramco-ipo-a68132

Russian Oil Production Among Most Expensive in World
Saudi analysis finds Russian oil production has one of the highest break-even prices in the world.

Russia is one of the most expensive places in the world to produce oil, new analysis produced for Saudi Arabia’s state-owned oil giant Saudi Aramco has found.

The cost of producing a single barrel of Brent crude oil came in at around $42 for Russian onshore projects, and $44 for offshore projects, IHS Markit estimated. That was more than twice the $17 per barrel production costs in Saudi Arabia — the cheapest in the world.

Brent crude is currently trading at $62.40 a barrel on the world markets.

[PGR88]

Unfortunately, this "Moscow Times" article, based on a Saudi study used to justify IPO of Aramco (which doesn't exist on the web any longer) is typical of the bullshit, sloppy logic, and misinformation that characterizes debate about Russia and Ukraine on FR, and elsewhere

I am able to access several sources immediately which show that Russian oil production costs are among the lowest in the world. I have posted just one of those. The EIA, a well-respected site, offers similar figures.

Are they correct? I don't know. To know for sure, one would have to be an insider at Gaszprom. But its certainly more correct than the crap Moscow Times puts out.

[Paul R.]

Yeah, IMO Saudi has the opportunity to put a big hurtin’ on Russia (take out a competitor for several years) if they choose to do so.