Elena Kovalenko18:47, 04/02/23
Russia announced a reduction in oil production by 500 thousand barrels per day until the end of 2023 from the average level of production in February.
Against the backdrop of massive anti-Russian sanctions adopted in response to Russia’s full-scale invasion of Ukraine, the aggressor announced a decrease in oil production .
According to Deputy Prime Minister of the aggressor country Alexander Novak, Russia is implementing a voluntary reduction of 500 thousand barrels per day until the end of 2023 from the average level of production in February, reports the Russian Interfax .
The aggressor said the move was a “preventive action” in response to the oil embargo.
“The aggressor said the move was a “preventive action” in response to the oil embargo.”
Meaning, nobody is buying our oil, except for friendly countries that are getting a huge discount. russian oil is trading at $48 a barrel, the lowest for 2 years.
It looks like this move will decrease Moscow’s market share down to about 11%. Once again they talk a good game but they are a minor player. Another affect of Napoleonitis? 😉
russian oil can cost up to $50 a barrel to extract. At the current rate at $48 a barrel, minus discounts to scum countries. I would say russia are screwed.
Good news for the meat puppets and their families … if they enjoy nonpayments to get worse.