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  • Barkindo: Talks to US Shale companies, US energy diplomat

Added at 12:02pm

Added at 12:04pm

  • #1
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  • Mar 20, 2020 12:23pm Mar 20, 2020 12:23pm
It's Russia's fault. why they oppose what the most OPEC members are satisfied ?!! it's natural to lower production when oil price falls. that why Russia opposed it is strange to me. anyway, i hope they reach an agreement.
  • #2
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  • Mar 20, 2020 12:33pm Mar 20, 2020 12:33pm
Quoting sadeghi
It's Russia's fault. why they oppose what the most OPEC members are satisfied ?!! it's natural to lower production when oil price falls. that why Russia opposed it is strange to me. anyway, i hope they reach an agreement.
Russia does whats in their interest not US
  • #3
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  • Mar 20, 2020 12:37pm Mar 20, 2020 12:37pm
Quoting Mr.Kebab
{quote} Russia does whats in their interest not US
which is why. the US would not cut production. USA has more GDP from other services other than oil.
  • #4
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  • Mar 20, 2020 12:46pm Mar 20, 2020 12:46pm
Quoting Mr.Kebab
{quote} Russia does whats in their interest not US
So you meant this current price 25$ is in favor of Russia?!!
Saudi, Russia and USA are exporters and being low oil price is like a poison to them.
  • #5
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  • Mar 20, 2020 12:53pm Mar 20, 2020 12:53pm
Quoting sadeghi
{quote} So you meant this current price 25$ is in favor of Russia?!! Saudi, Russia and USA are exporters and being low oil price is like a poison to them.
Russia and Saudis still make money while US not
  • #6
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  • Mar 20, 2020 1:04pm Mar 20, 2020 1:04pm
Russia don't rely on Oil only. Saudi does. U.S trying to set prices as $20 production cost is the floor for all U.S exporters. They had nothing left but to manipulate prices through talks. But it is not going to help U.S or even OPEC+ as Russia will not agree to production cut at all. Let see this war extend to another level. Sell the rallies
  • #7
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  • Mar 20, 2020 1:07pm Mar 20, 2020 1:07pm
Russia's economy after sanctions rely mostly on oil income. Cutting production decreased their income. Low price is not a problem for Russia. They will just sell more to compensate the loss
  • #8
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  • Mar 20, 2020 3:08pm Mar 20, 2020 3:08pm
Russia is weak. The US can wait them out.
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  • Posted: Mar 20, 2020 12:02pm
  • Submitted by:
     Newsstand
    Category: Low Impact Breaking News
    Comments: 8  /  Views: 4,624