What happens if Russian oil production keeps falling?

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dan_s
Posts: 34584
Joined: Fri Apr 23, 2010 8:22 am

What happens if Russian oil production keeps falling?

Post by dan_s »

Watch this short video: https://www.youtube.com/watch?v=M0LzuMUOO0k

What concerns me is that we are focused on shooting down balloons and no one seems worried about the global oil market. If 5,000,000 bpd of Russian oil would be lost to the global market it would have a big and very bad impact on the global economy.
Dan Steffens
Energy Prospectus Group
tlengoc
Posts: 72
Joined: Thu Feb 23, 2023 1:38 pm

Re: What happens if Russian oil production keeps falling?

Post by tlengoc »

I was reading a tweet by Tracy(chi)@chigirl yesterday that Russia is planning to reduce their crude exports by 25% from their western ports in March.

Here is the reuters.com news link:

https://www.reuters.com/markets/commodi ... 023-02-22/
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