"Russians will stop paying salaries": the world is discussing a fall in oil prices

On Monday morning, the decline in quotations for the British brand of Brent oil amounted to 30%, and reached $ 31 per barrel. The sharp crash of the commodity market that has begun is commented on in the world media. Many directly accused the Kremlin of panic on stock exchanges, others pointed to the true instigator of the collapse - Saudi Arabia.

OPEC was already in a hopeless situation because of American shale oil, writes English-speaking Forbes, analyzing what is happening. A group of states, the text says, has tried one expensive strategy after another - with the same result. But the Russian authorities went the farthest.

Oil prices could fall significantly without the participation of Russia. But now that it’s clear which way everything went, we are entering a menacing period for oil producers around the world. [...] State budgets in exporting countries will be empty

- suggests the publication.

At the same time, the magazine believes that having waited for the ruin of the American shale developers, the Kremlin will return to the negotiating table.

The site of CNBC, the largest American television channel, is laying out its view of the decline in hydrocarbon markets.

[Russian President] Vladimir Putin provoked what could ultimately become one of the ugliest oil price wars in modern history, and American oil and gas companies could fall victim to it

- such is the forecast of the television company.

However, CNBC does not exclude political the motive, in addition to the market one, was just three weeks ago that the administration of the President of the United States Donald Trump imposed sanctions against Rosneft.

The Wall Street Journal is a little more objective, claiming that the collapse did not begin, however, of the Russian Federation, but the most famous Middle Eastern monarchy.

Saudi Gambit is part of an aggressive campaign to seize Moscow's share [in the global market]

- expresses his opinion business newspaper.

The British press, represented by the Financial Times, emphasizes that both Riyadh and Moscow share the blame for what happened.

Saudi Arabia launched an aggressive price war aimed at its biggest rivals [black gold producers] after Russia refused to join the cut in production

- the newspaper said.

Up to $ 20 dollars per barrel oil may sag this year: such an opinion leads the Washington Post. According to the American publication, such a failure will have "grandiose geopolitical consequences."

The domestic Telegram channel Politeconomics spoke much more frankly.

$ 20 for oil - the collapse of the Russian economics. The funds of the NWF will be given to oil industry workers, and "the Russians will stop paying salaries." Nothing new

- notes the browser.
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  1. Arkharov Offline Arkharov
    Arkharov (Grigory Arkharov) 9 March 2020 08: 52
    At the same time, the magazine believes that having waited for the ruin of the American shale developers, the Kremlin will return to the negotiating table.
    And if the opposite?
  2. steelmaker Offline steelmaker
    steelmaker 9 March 2020 09: 13
    And our peasants were already secretly told that the government is going to declare a DEFAULT in June - September. Maybe they put Mishustin for this? After all, Putin never announced the reason for the removal of Medvedev?
  3. Bakht Online Bakht
    Bakht (Bakhtiyar) 9 March 2020 09: 20
    A bit wrong. The Kremlin, of course, had a hand in this collapse. But really, the situation looked a little different. Moscow proposed to fix production at the current level for the 2nd quarter of 2020, and then look at the result and return to negotiations. Just the Saudis left the negotiation process and immediately announced an increase in production.
    Who is going to bend whom - will be discussed for a long time. Losses of the Russian budget are difficult to predict. This is 2 billion barrels of export per year with a minus of 25-30 bucks per barrel, plus gas prices will drop. Plus, a lot of unaccounted factors (like a surge in gold prices).
    We are waiting for the decision of stock speculators.
    1. 123 Online 123
      123 (123) 10 March 2020 15: 46
      Everything is logical, Russia has at least some "subcutaneous fat", but in Iran I can imagine how happy they are now. smile Something tells me, the Yemeni Hussites are already running new drones.
      In interesting times we live, do not get bored. laughing
  4. Observer2014 Offline Observer2014
    Observer2014 9 March 2020 09: 59
    In short, the wooden box will once again play. Well, where is Leontyev with his "However", come on, fill in about green papers. And that soon that America is economical at least kirdyk. laughing Now, probably, they will start procrastinating about the fact that the volcano is about to explode there. wassat

    While the fat dries, the thin one dies.
  5. gorenina91 Offline gorenina91
    gorenina91 (Irina) 9 March 2020 11: 25
    $ 20 for oil is the collapse of the Russian economy. The funds of the NWF will be given to oil industry workers, and "the Russians will stop paying salaries." Nothing new.

    - Of course, the collapse ...
    - The entire Russian surplus will melt ... like snow in April ... - And the Americans have something to worry about ... - their dollar will soar up as always ... - And their shale oil developers have long been ready to reduce their activities. .. - and for the United States as a whole, everything will cost little blood ...
    - But what will happen to Russian Gazprom when Rosneft receives such a blow ...
    - Everyone is silent about China ... - If only in this situation Russia would not run to save China as well ... - and sacrifice its Russian gold for it ...- then it’s for sure ... - we can’t avoid great trouble. .. and have to prepare for the worst ... - Russian banks will begin to burst one by one; and with them, all the contributions of our Russians will be burned ... - Today urgent urgent measures are needed to ensure and strengthen the economic financial security of Russia ....
    1. Observer2014 Offline Observer2014
      Observer2014 9 March 2020 12: 39
      ... Russian banks will begin to burst one after another; and with them, all the contributions of our Russians will be burned ...

      good recourse Yes, let them even burn. We, ordinary Russians, except for loans, there is nothing more. Loans in rubles. Yes, to dust with these banks. Amen. laughing
    2. Dear sofa expert. 10 March 2020 13: 18
      And what will happen to Gazprom?) Would you rather take care of Naftogaz.
  6. kriten Offline kriten
    kriten (Vladimir) 9 March 2020 12: 41
    They created a super excuse for continuing the impoverishment of the population. Well, it was not possible to complete some projects there ....
  7. Alexander Poplooukhin (Alexander Poplooukhin) 9 March 2020 20: 37
    While the fat dries, the thin one dies.

    Russia has many problems: the war in Syria, dependence on hydrocarbons, a large number of poor, large territory and infrastructure - requiring a lot of money. The US just decided to cut costs and get out of Afghanistan. And the USA is not only full of oil. In CA, the population is 4 times smaller and much smaller. In general, of all 3 countries, Russia will lose the most.
  8. Bakht Online Bakht
    Bakht (Bakhtiyar) 9 March 2020 22: 23
    Oh, what will happen ...
    Today, the price of oil fell from $ 45 to $ 31 and rose to $ 36. And all for a few hours. And this despite the fact that nothing happened in the real sector. Just someone said something. So who determines the price of oil on the exchange? Producers, buyers or speculators? ....
    And all the stock quotes collapsed. Oh, what happened to the capitalization of the largest companies ...


    And yes. The most interesting. We have not heard anything that Yemen said on this occasion :-)
  9. Roarv Offline Roarv
    Roarv (Robert) 10 March 2020 07: 24
    Do not take to heart. Now they will issue another May decree and message. Everything will take its course, as it has been for 20 years .....
    King Moses over 40 years led the Jews through the wilderness in search of water and food. But ours has only been driving among diamonds and topazs for 20 years, among oil and gas, among rivers, forests, fields, seas and mountains, among gold, coal and minerals. Different ....
    In chernozem, forest, valleys and fields. He leads us where he does not know.
    Only the Unified party knows the whole route. How, where and in what to invest. What to clean up and rinse off.
  10. Bulanov Offline Bulanov
    Bulanov (Vladimir) 10 March 2020 13: 22
    ... after Russia refused to join the reduction in production ...

    - so the US refused to join the reduction in production!
  11. T. Henks Offline T. Henks
    T. Henks (Igor) 10 March 2020 16: 20
    What are you panicking about? In the evening 38. The bourgeoisie still hadn’t lunch. Cry early. Leont'ev answered: FIG. But he knows. However, bye!
  12. Netyn Offline Netyn
    Netyn (Netyn) 10 March 2020 16: 55
    Oil has fallen - it means gasoline will rise in price (((
    1. Dear sofa expert. 10 March 2020 21: 56
      Why do you need gasoline? You are a beggar. Walk.
  13. Paphnutius Offline Paphnutius
    Paphnutius 10 March 2020 22: 28
    The Russian Federation is in conflict with the West, whose position is currently much better. The West has immeasurably more money and it plays "for a long time", therefore it will not be possible to "sit out" it at the minimum price per barrel, and to really fight with guns and tanks - yes, Russia is strong in real wars - no one will, if only because that the children, money and real estate of Russian bureaucrats over the hill will immediately go under the knife.
    Conclusion: if the Kremlin does not see clearly, then the Russian Federation will be overturned again, as Uncle Sam from the USSR had already done this, using the revolutionary premises in the Union.
    1. Dear sofa expert. 10 March 2020 23: 01
      And how does Russia conflict with the "West"? Does she impose sanctions on the "West"? Gathers its troops on the borders of the "West"? Arranges "orange revolutions" in the states bordering the "West"?
      And how does the Kremlin need to "see through" so that the Russian Federation does not "overturn Uncle Sam"? Please express yourself clearly so that everyone understands your “salvation formula” for Russia.
      1. Nick Offline Nick
        Nick (Nikolai) 11 March 2020 00: 47
        Quote: Dear sofa expert.
        And how does the Kremlin need to "see through" so that the Russian Federation does not "overturn Uncle Sam"? Please express yourself clearly so that everyone understands your “salvation formula” for Russia.

        Katz offers to surrender. winked
        The situation is under control. Comparing the situation in the USA, CA and RF, we can conclude that the Russian oil and gas industry is in a winning position. The cost of production is comparable to that of Saudi Arabia and significantly lower than in the United States. The state budget will not suffer due to the huge gold reserves, which allow keeping the price at the level of prime cost for 8-10 years. The reserves in the CA will be blown away much earlier. And only due to the events of "Black Monday", the Russian gold reserve increased by $ 9 billion due to the increase in the price of it, that is, our gold reserves instantly increased by another 9 lard in Baku. The ruble sagging by 9-10% increased the competitiveness of our exporters, and stimulated the production of domestic products, due to the rise in import prices.
        Leaving the American shale industry from the market due to unprofitable production will give the domestic oil industry an opportunity to expand its presence in world energy markets.
        In short, so far so good.
        1. Dear sofa expert. 11 March 2020 10: 42
          If you don’t go deeper, it’s about that.