Every cent the oil price drops means less revenue for Russia to finance their war of aggression. May it long continue.
There is an argument to be made that Putin’s ascent / gain in popularity correlated with the rise of the oil price in the noughties. It was easy to market himself as the „saviour of Mother Russia“ then.
drainfrog_92 on
That’s genuinely good news for once. Every dollar less weakens the war chest. Would be great if the EU quietly used this moment to double down on renewables.
Baset-tissoult28 on
Perfect 👍
atchijov on
If i remember correctly, anything under $50 results in growing deficit. I wonder what they will pledge as a collateral to get more loans from China?
GeorgiaWitness1 on
The oil glut will most likely be the new normal. Supply continues to rise, while demand is shifting toward natural gas, and the glut is like 4M barrels a day (without counting with 3M of elastic supply from OPEC).
Russia’s output is around 9M.
Avibuel on
MORE!
or wait, should it be LESS! ?
in any case, down you go little russian
Mainbaze on
I mean that graph is useless without more context. If Russia was selling more oil than ever, then the price would fall
will_dormer on
Do russia now pay india to take their oil?
LexaAstarof on
Worst placement for a legend… r/dataisugly
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Source article from today https://www.bloomberg.com/news/articles/2025-12-22/russia-s-oil-plunges-to-34-as-us-sanctions-spark-huge-discounts
(Bypass Paywalls Clean helps you reading it 😉
Every cent the oil price drops means less revenue for Russia to finance their war of aggression. May it long continue.
There is an argument to be made that Putin’s ascent / gain in popularity correlated with the rise of the oil price in the noughties. It was easy to market himself as the „saviour of Mother Russia“ then.
That’s genuinely good news for once. Every dollar less weakens the war chest. Would be great if the EU quietly used this moment to double down on renewables.
Perfect 👍
If i remember correctly, anything under $50 results in growing deficit. I wonder what they will pledge as a collateral to get more loans from China?
The oil glut will most likely be the new normal. Supply continues to rise, while demand is shifting toward natural gas, and the glut is like 4M barrels a day (without counting with 3M of elastic supply from OPEC).
Russia’s output is around 9M.
MORE!
or wait, should it be LESS! ?
in any case, down you go little russian
I mean that graph is useless without more context. If Russia was selling more oil than ever, then the price would fall
Do russia now pay india to take their oil?
Worst placement for a legend… r/dataisugly