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re: Latest Updates: Russia-Ukraine Conflict
Posted on 4/26/23 at 10:26 pm to CitizenK
Posted on 4/26/23 at 10:26 pm to CitizenK
quote:
With the discounts they are giving to China and India, they are losing money on every barrel of oil sold and no place for their natural gas.
I don't think anybody believes Russia's economy is strong right now but they're definitely not losing money on $60/bbl. Aren't you in the O&G industry?
1
Posted on 4/27/23 at 6:01 am to TexasForever
quote:
I don't think anybody believes Russia's economy is strong right now but they're definitely not losing money on $60/bbl. Aren't you in the O&G industry?
Definitely losing money at $60 less 35% discount. $45 is breakeven. They are and have always been very inefficient producer
This post was edited on 4/27/23 at 6:44 am
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