Started by Richard Wilson4 · · 👁 66 views · 9.5K replies
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Noah Diaz said:They finished the year in the green, but let’s be real—December isn't the whole year. 😁
Noah Diaz said:Last year, they pulled in $218 billion from oil sales, plus another $138 billion from gas. That brings the total to $356 billion. They aren't even struggling to make ends meet. 😁
https://www.nytimes.com/2023/02/07/b...l-embargo.htmlFor all of 2022, Russia managed to increase its oil output 2 percent and boost oil export earnings 20 percent, to $218 billion, according to estimates from the US Government and the International Energy Agency, a group representing the world’s main energy consumers. Russia’s earnings were helped by an overall rise in oil prices after the start of the war and by growing demand after pandemic lockdowns; those trends also benefited Western oil giants like ExxonMobil and Shell, which reported record profits for 2022. Russia also raked in $138 billion from natural gas, a nearly 80 percent rise over 2021 as record prices offset cuts in flows to Europe.
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hollowdriver13 said:Round two, let's go
https://www.reuters.com/article/russ...-idUKKBN2TP0T6
The Russian Ministry of Finance is claiming they finished the year with a 2.3% deficit.
Wait, a deficit means you're in the black? Can someone send me a link to the dictionary definition for that one?
Larry Wilson25 said:Honestly, that’s not even a bad deficit—I mean, it’s definitely not catastrophic.
When it hits 24%, then we can start talking about a total downward spiral of nonsense.
Look, when you consider this is a country that basically survives solely on selling raw materials—and they're currently at war against a massive power backed by the West—it's not actually that terrible, especially if you notice everything started dipping in the second half of the year.
If we're talking about the budget deficit, it just means they brought in 2.4% less than what they spent. The real question is: are they going to keep pretending everything is perfectly fine, or are they actually going to try cutting spending? Let's be real—cutting spending is never politically popular, ever. Maybe they'll just officially declare war to distract everyone.
This year is going to be a much tougher climb for them because, from what I can see, prices for metals and energy have absolutely tanked.
quietviper0 said:The second-person perspective wasn't a personal attack on you; it's just a stylistic choice. At the end of the day, you were just parroting someone else's wisdom rather than actually writing your own thoughts.
I'm good, thanks for asking. Having an opinion is a privilege reserved for people who actually deal with enough facts to back them up.
Other people lacking those same mental limitations isn't my issue—though it is annoying as hell sometimes.
Christian Torres3 said:The name says it all.
quietviper0 said:Man, I am just completely floored by this whole thing...
You might want to go ahead and find some more propaganda to read if you need that little extra ego boost following such a massive victory...
quietviper0 said:If you just grab the highest possible figure without stopping to wonder why it was so high in the first place—or if that number even makes sense to use as a baseline—and then you layer on your own little mathematical fantasies where you assume every single barrel is sold at the absolute lowest price point regardless of reality, well, presto! Suddenly Russia is earning three times less, and all those readers who aren't really looking closely at the details are absolutely thrilled by this supposed news of Russia's collapse...
But while we're wandering outside that fantasy world, the actual situation can be somewhat observed right here: https://www.russiafossiltracker.com/
On the first graph, "Daily flows by fuel type," you can actually hover your mouse over different parts of the chart to see the specific value of a particular product on any given day...
I'd suggest taking a look at what the daily figures under "Crude oil" looked like during the first week of 2022 when Brent Crude was hovering between $80-$85, and then compare that to January or February of this year when Brent Crude was also sitting right around that same $80-$85 range...
It is truly fascinating to watch how the most vocal critics will eagerly swallow and repeat propaganda, even when it's just a reflection of their own biases...
analogbear5 said:Can you pull the average oil imports for the two weeks leading up to Feb 20, 2022, versus the most recent data on that chart? I feel like I'm missing something—I'm having a hard time converting "EUR 567.79 mn" worth of thousand tons into actual tonnage and then into barrels.
quietviper0 said:I'm afraid I can't help you there, though I don't really intend to... you actually read the chart yourself, after all, so there shouldn't be any need for someone else to interpret it for you...
I believe I was being quite clear in my previous post when I mentioned that this scenario is much more realistic than the idea that they just plummeted from 600M down to 200M. My point was simply that things "could fluctuate somewhat"... I wasn't claiming everything stayed perfectly static, nor was I trying to start an argument over whether things are going great for Russia or not...
Besides, it’s actually quite nice to see that there's at least one person here capable of parsing through and keeping track of all this complex data...🙂
analogbear5 said:The reason I'm asking is because I can't tell if I'm misreading this chart—something feels off. Not trying to be a jerk about it.
Specifically, the 14-day average for Feb 20, 2022, shows 365.77 million Euros for a volume of y = "657.79 mn," listed in "thousand tonnes." When I try to calculate the price per barrel, the math comes out completely nonsensical.
quietviper0 said:If you just grab the highest possible figure without stopping to wonder why it was so high in the first place—or if that number even makes sense to use as a baseline—and then you layer on your own little mathematical fantasies where you assume every single barrel is sold at the absolute lowest price point regardless of reality, well, presto! Suddenly Russia is earning three times less, and all those readers who aren't really looking closely at the details are absolutely thrilled by this supposed news of Russia's collapse...
But while we're wandering outside that fantasy world, the actual situation can be somewhat observed right here: https://www.russiafossiltracker.com/
On the first graph, "Daily flows by fuel type," you can actually hover your mouse over different parts of the chart to see the specific value of a particular product on any given day...
I'd suggest taking a look at what the daily figures under "Crude oil" looked like during the first week of 2022 when Brent Crude was hovering between $80-$85, and then compare that to January or February of this year when Brent Crude was also sitting right around that same $80-$85 range...
It is truly fascinating to watch how the most vocal critics will eagerly swallow and repeat propaganda, even when it's just a reflection of their own biases...
Donna Harris11 said:Circumventing sanctions?
So, they're using these new General Motors machines over in Crimea... and I guess it's worth noting that General Motors is actually owned by the American company John Deere
Traders report that offers for ESPO, typically loaded out of Kozmino, were hovering between $6.50 and $7 per barrel below ICE Brent on a delivered basis to China. Meanwhile, the flagship Urals crude shipped from western ports saw discounts of about $10 against the same benchmark. This represents a jump of up to $2 from last month, marking one of the sharpest increases since US sanctions were implemented on Dec. 5.
Major economies become key buyers of oil amid global shifts after most other nations steered clear following the war in Ukraine. The group of buyers willing to import cheap oil from the OPEC+ producer has expanded as more players decide to ignore the US sanctions that previously kept them on the sidelines.
More importers are finding ways to mitigate risk exposure. They are increasingly asking sellers to manage both shipping and insurance, while utilizing non-Western banks and settling payments in yuan, rupees, dirhams, or rubles. According to traders, this strategy gives buyers enough confidence to maintain or even ramp up flows without excessive worry regarding compliance with the $60-a-barrel price cap designed to bypass certain US sanctions.
Noah Diaz said:Asia has emerged as the primary buyer of Russian oil transported via tankers. Discounts remain minor—roughly $7 for ESPO and $10 for Urals. These discounts are pegged to the price of ICE Brent, which is currently sitting at 82$.
Converted to USD, ESPO is trading at roughly $75, while Urals sits around $72.
Oil Prices Rise as Global Demand IncreasesTraders report that offers for ESPO, typically loaded out of Kozmino, were hovering between $6.50 and $7 per barrel below ICE Brent on a delivered basis to China. Meanwhile, the flagship Urals crude shipped from western ports saw discounts of about $10 against the same benchmark. This represents a jump of up to $2 from last month, marking one of the sharpest increases since US sanctions were implemented on Dec. 5.
Major economies become key buyers of oil amid global shifts after most other nations steered clear following the war in Ukraine. The group of buyers willing to import cheap oil from the OPEC+ producer has expanded as more players decide to ignore the US sanctions that previously kept them on the sidelines.
More importers are finding ways to mitigate risk exposure. They are increasingly asking sellers to manage both shipping and insurance, while utilizing non-Western banks and settling payments in yuan, rupees, dirhams, or rubles. According to traders, this strategy gives buyers enough confidence to maintain or even ramp up flows without excessive worry regarding compliance with the $60-a-barrel price cap designed to bypass certain US sanctions.
#price cap 60$, #RussiansBankrupt, #sanctionswork, #SlavaUkraini.
