Russian Oil Collapses - Joe Blogs

[TexasTowelie]

Russia’s oil price has collapsed to around $36 per barrel, one of the biggest discounts we’ve seen since the war in Ukraine began — and the impact is enormous.

In today’s video, I break down why Russian crude is being sold at a 60% discount, what’s driving this dramatic price crash, and how the latest sanctions hitting Rosneft and Lukoil on 21 November are sending shockwaves through the entire Russian oil industry.

We’ll look at:
🔥 The new sanctions that directly target Russia’s two biggest oil exporters
🔥 Why buyers are pulling away and demanding massive discounts
🔥 How Russia’s export revenue is collapsing to multi-year lows
🔥 The knock-on effects for the Russian economy and state budget
🔥 Whether this could trigger long-term production decline
🔥 What this means for global oil markets and future prices

Russian oil is the backbone of Moscow’s economy. A collapse of this scale isn’t just a price move — it could reshape Russia’s financial future and change the dynamics of global energy.

Chapters:
0:00 Intro
1:50 OIL PRICES
3:53 DISCOUNT
6:49 RUSSIA
11:31 SUMMARY & CONCLUSION