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BootinUp

(47,045 posts) Tue Mar 22, 2022, 09:25 PM Mar 2022

Market price of Russian oil vs. Brent oil

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Market price of Russian oil vs. Brent oil (Original Post) BootinUp Mar 2022 OP

The price reduction will be cheered in China and India TexasTowelie Mar 2022 #1

Which results in a reduction in demand and a reduction of overall price relayerbob Mar 2022 #2

They still make a profit at that price. former9thward Mar 2022 #3

TexasTowelie

(111,829 posts)

1. The price reduction will be cheered in China and India

Reply to BootinUp (Original post)

Tue Mar 22, 2022, 09:30 PM

Mar 2022

since they are among the biggest importers of Russian oil.

relayerbob

(6,531 posts)

2. Which results in a reduction in demand and a reduction of overall price

Reply to TexasTowelie (Reply #1)

Tue Mar 22, 2022, 09:45 PM

Mar 2022

Takes away another GQP talking point, as well as damages their buddies in Venezuela, etc.

former9thward

(31,913 posts)

3. They still make a profit at that price.

Reply to BootinUp (Original post)

Tue Mar 22, 2022, 09:51 PM

Mar 2022

That is what is important, not what the sell price is. Brent price of oil is $115 a barrel. So Russians are selling at $85 a barrel. It probably costs them in the range of $20-$30 a barrel to produce.

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