“Many thanks to Putin!”: Germans thank the President of the Russian Federation for the collapse of oil


The essence and consequences of the latest war in the oil market between Russia and Saudi Arabia argues German political Focus magazine.


Russia, the publication suggests, did not want to maintain the current balance due to the American shale hydrocarbon industry.

The Kremlin decided to donate OPEC + to stop US shale companies and punish the United States for attacking Nord Stream 2

- believes Alexander Dynkin, a Russian economist and head of the World Institute economics and international relations.

Although the American shale industry will face a wave of ruin, in general, US President Donald Trump is beneficial because the cheap gas will stimulate the consumer sector. This is especially important before the upcoming elections, where the favor of citizens is needed.

Which country can hold a price war longer? The cost of Saudi black gold is only $ 2,80 per barrel, compared with more than $ 20 for Rosneft. However, the state budget of the Saudis is much more dependent on the oil business than the Russian one.

The numbers show what a risky game Putin is playing. The lower prices fall, the more troubles Russia will have, which clearly demonstrated the fall of the ruble to 74 per dollar

- suggests Focus.

The state budget of the Russian Federation is currently laid out, based on the price of 42 dollars per barrel. However, the markets have already fallen below this mark.

Given the collapse of the [...] ruble, this collapse has already dealt a blow to the Russian economy. In this sense, Russian pricing policy has failed

- quotes Focus expert opinion on currencies Ulrich Leuchtmann.

In the meantime, the magazine concludes, drivers in Europe can hope for lower prices at gas stations.

The comments of German readers are given selectively:

Thanks to Putin. I know that he started this game not in order to render a favor to the German consumer. Nevertheless, it provides more assistance to German taxpayers than our politicians, which is rather sad.

Who will suffer the most from low oil prices? That's right, Russians, because they depend on every dollar of oil and gas revenues.

Many thanks to Putin for the fact that overpriced fuel will slightly reduce the cost.

Putin deserves great praise. This is the only way to confront Trump. The American shale is the last thing we need, and Nord Stream 2 will be finished.

Yes, you can call it revenge for the blockade of the "Nord Stream" by the States, so that you had to sell the product of your "shale" below cost - so what?
Used photos: kremlin.ru
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  1. Arkharov Offline
    Arkharov (Grigory Arkharov) 10 March 2020 08: 49
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    What are the "Germans"?
  2. g1washntwn Offline
    g1washntwn (George Washington) 10 March 2020 10: 23
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    The Russian Federation actually did not enter OPEC. Energy speculation is an American initiative directly related to oil shale. And first of all, these speculations are aimed at developing countries so that the “city on the hill” continues to shine ... well, how to shine ... so, to shine against the backdrop of the global darkness arranged by them.
    1. Astronaut Offline
      Astronaut (San Sanych) 11 March 2020 21: 04
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      Read OPEC + carefully, not just OPEC.
      And how are Americans speculating with the shale? Do you even understand what the article is about?
  3. Sergey Latyshev Offline
    Sergey Latyshev (Serge) 10 March 2020 11: 05
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    Ha ha ha ha
    And here the "iksperty" all look at the amers. About their shale oil vparivayut.

    In fact, all real boys don't care about her. She is expensive.

    Do not spit on your wallet. Download faster, sell more. Therefore, they did not want to reduce production ...
    We still have Belarus, Ukraine, Yukos and others to pay ... And the oligarchs will not agree to lower incomes ...
    No pensioners and raising the price of gas is enough for everything ...
    1. Astronaut Offline
      Astronaut (San Sanych) 11 March 2020 21: 05
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      Another "expert", not seeing the text. sad
  4. Grinj Offline
    Grinj (Grigory Balabanov) 10 March 2020 11: 58
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    Experts))) Everything is rightly done, you need to look not at your feet, but 2-3 years ahead. The contract with OPEC to reduce production played into the hands of the United States, shale oil production has become profitable.
  5. gorenina91 Offline
    gorenina91 (Irina) 10 March 2020 12: 15
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    Although the American shale industry will face a wave of ruin, in general, US President Donald Trump is beneficial because the cheap gas will stimulate the consumer sector. This is especially important before the upcoming elections, where the favor of citizens is needed.

    - Yes, that’s the point ... - And then everyone, like parrots, repeats the same thing ... - that, they say, ... is Saud. Arabia (and even Russia is declared the "root cause") is to blame for the collapse in oil prices ...
    - Yes, what a Saud. Arabia (and even more so ...- Russia) is the culprit of these events ...
    - Today is Saud. Arabia .., as always, fulfills the order and the will of the United States ... - Yes, formally Saud. Arabia "brought down" oil prices ... - but it did the will of the United States ...
    - And the United States is making a very strong move ... - despite the fact that the American shale industry is still waiting for a wave of ruin and they have nothing to lose .. then they will also “strip off Russia like sticky” ...
    “Trump cannot be denied“ agility ”here ... - hopeless and unsuitable for sailing, even if a large, but still worthless ship is sinking (this is the American shale industry); but at the same time it also drowns a whole foreign state ...
    - This can’t even be called a gambit ... because. an unusable figure is being sacrificed in order to sink a foreign state ....
    1. Arkharov Offline
      Arkharov (Grigory Arkharov) 10 March 2020 13: 56
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      Something she’s been drowning for about 20 years. And technology is only being improved, and cost is decreasing. Still, all this is very easily preserved and vice versa. And in Russia there are a lot of easily mined resources left, unlike Saudi Arabia?
      1. g1washntwn Offline
        g1washntwn (George Washington) 10 March 2020 14: 28
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        Technologies are being improved mainly in chemistry, and conceptually hydraulic fracturing, as it was a sort of “squeezing paste from a half-empty tube,” remained so. That's the whole "revolution" - they jump on unpromising deposits and crush the remnants of the "paste". Shelf life is short, new half-empty “tubes with pasta” need to be searched 5 times faster, workers and exploration are always at hand, “baboos” are spinning, frantic activity and “cheers” from all sides.
        1. Arkharov Offline
          Arkharov (Grigory Arkharov) 10 March 2020 14: 57
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          Only soon will the Russian Federation overtake production. Confidently catching up.
    2. andrew42 Offline
      andrew42 (Andrei) 11 March 2020 16: 02
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      Gambit. maybe there is, but not that. In the words of Stirlitz - "There is no connection." The banal "game for a fall", of course, a temporary decrease. Strategic rate - redistribution of oil market share. The "coronavirus" crisis was not just a prologue. Whatever the government in Russia (bourgeois or socialist) - they did the right thing, that they were not led to a decrease in volumes. A couple of weeks, and the price will be 45. And in a month, "advanced experts" will start the plate in the opposite direction, will begin to meow about the lack of real volumes of oil supplies here and there. This is where the “slate” was supposed to enter the arena as a “savior”, but at a high price. No need to be waged for the umpteenth time, you’ll be more whole.
      1. gorenina91 Offline
        gorenina91 (Irina) 11 March 2020 16: 13
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        From April 1, 2020, the OPEC + agreement ceases to be valid and all countries will be able to produce oil without restrictions.

        - So who won ??? - And China won, which will begin a wide trade in Iranian oil ... - And others cleared the field of activity for it ... - while China stood aside and calmly watched ...
  6. Yuri Shalnov Offline
    Yuri Shalnov (Yuri Shalnov) 10 March 2020 16: 18
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    The Germans thank Putin, and the Russians curse ... Gorbachev began, Yeltsin continued, and Putin finished off - poor Russia!
    1. rusich Offline
      rusich (rusich) 11 March 2020 07: 01
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      Agree to 100%.
  7. terrykoh Offline
    terrykoh (Dmitriy) 10 March 2020 17: 44
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    The American shale is the last thing we need, and Nord Stream 2 will be finished.

    Yes, now it’s already a pin ... they won’t be able to put pressure on Europe - buy our LNG, since their shale gas, unable to withstand price competition, will be closed, there will be no state LNG, and Europe will be forced to launch Nord Stream 2 "! This is our answer to the shameless impudence of a pin ... owls in imposing their conditions on everyone and everywhere!
  8. Bakht Offline
    Bakht (Bakhtiyar) 10 March 2020 20: 23
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    The most incomprehensible - what does Russia have to do with it? The Saudi declared a price war. The consequences are unlikely to be foreseen.
    Most likely, oil will return to $ 40. Ideally, to 45. Slate will continue its life. True, a short one.

    Shares of US shale oil and gas companies collapsed. “The US shale sector is almost killed. Blood bath. Billions of dollars have been washed out of capital, ”wrote Javier Blas, a leading energy correspondent for Bloomberg, on Twitter. He cited data that Occidental Petroleum shares fell 44%, EOG - 35%, and Continental Resources - 40%. “Smaller players like Parsley dipped by more than 50%,” Javier Blas said.

    So oil will return to at least $ 40. But the Saudis will definitely have a hard time. They will not get 12 million.
    1. Bakht Offline
      Bakht (Bakhtiyar) 10 March 2020 20: 44
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      https://home.treasury.gov/news/press-releases/sm932

      March 9th 2020
      WASHINGTON - Today, US Treasury Secretary Steven T. Mnuchin met with Ambassador of the Russian Federation to the United States Anatoly Antonov. They discussed compliance with sanctions programs, Venezuelan economic conditions, and the potential for trade and investment. Secretary Mnuchin emphasized the importance of orderly energy markets.
      1. 123 Offline
        123 (123) 11 March 2020 01: 31
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        They have something to talk about, from May 20, the sanctions imposed against Rosneft Trading should begin to apply, which, by the way, for Maduro means - you can switch to subsistence farming.
        In light of recent events, they may not start, or there will be some exceptions.
  9. Nick Offline
    Nick (Nikolai) 10 March 2020 21: 22
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    The author is not entirely correct in assessing the cost. According to RBC, the cost of production and delivery (and how else) oil to the consumer in Russia is $ 19 per barrel, and for the Saudis $ 11 per barrel. In addition, the Saudis have already burned a significant part of their gold reserves, unlike Russia, which to this day has only accumulated them. The fact is that Saudi Arabia makes up its budget at the rate of $ 80 per barrel, and Russia at the rate of $ 42. Therefore, taking into account the volume of gold reserves and the cost of oil when calculating the state budget, Russia has much more favorable positions in comparison with SA.
  10. Dear sofa expert. 10 March 2020 21: 43
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    Did the author of the article actually see in the Focus article only what was written here? Or just chose what, as it seemed to him, you can "poke a nose" into Russia? But in the article "Focus" laid much more analytical meaning. And far from such categorical content about the “Putin mistake”. For example, it states that the budget of Saudi Arabia is much more dependent on oil prices than the Russian one. And that the price for a (Brent) barrel is even higher than the Russian one, namely $ 58.
    And in the article, Europeans “praise” Putin as much as they worry that low oil prices will negatively affect inflation in Europe, where pricing is inexorably approaching zero and then minus. I hope there is no need to explain what the minus rate is fraught with for the German economy?
    Well, the last. “Focus” does not make it possible to leave reader comments, which are given here as an example. It turns out that this is a “free speculation of the artist” (of the author)?)
    1. Kristallovich Offline
      Kristallovich (Ruslan) 11 March 2020 08: 22
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      Well, the last. “Focus” does not make it possible to leave reader comments, which are given here as an example. It turns out that this is a “free speculation of the artist” (of the author)?)

      No, just someone should open their eyes ...

      1. Dear sofa expert. 11 March 2020 09: 34
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        Ok, I made a mistake with the comments. But this is not a reason to be rude to your readers (if you consider yourself an intelligent person). And the comments are not the main thing that I wrote. Do not leave the topic.
        The main thing is that you intentionally distort the meaning of the article, pulling out only its content that is negative for Russia from its context. Answer me better on that. And please, without rudeness.)
      2. Dear sofa expert. 11 March 2020 11: 15
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        Notice the difference in the presentation of the material by you and the magazine Focus. An article in a German magazine is under the heading "Finance", that is, there is a completely neutral objective situation. Your "excerpts from the text" are absolutely politicized, which is not objective. Moreover, you do not position yourself as a friend of the Russian state. Draw conclusions.
  11. 933454818 Offline
    933454818 (Ivan Ivanov) 10 March 2020 23: 09
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    In Portugal, fuel is getting cheaper at 9 euro cents per liter.
    1. 123 Offline
      123 (123) 11 March 2020 01: 33
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      In Portugal, fuel is getting cheaper at 9 euro cents per liter.

      Do not worry, we will not have such a "nightmare". laughing
    2. rusich Offline
      rusich (rusich) 11 March 2020 06: 59
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      So this is Portugal, not Russia. In Russia, the word "cheaper" is not known in the government.
    3. Dear sofa expert. 11 March 2020 10: 03
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      At the same time, it remains 2 times more expensive than the Russian one anyway)
    4. Dear sofa expert. 11 March 2020 11: 17
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      The Portuguese live poorly. For them, 1,44 € / liter (today) is a lot of money. So do not envy them).
  12. rusich Offline
    rusich (rusich) 11 March 2020 06: 58
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    “Many thanks to Putin!”: Germans thank the President of the Russian Federation.

    And when the Russians will thank imperial greatness. Apparently, we will not wait during this life.
  13. Semenov P Offline
    Semenov P (Semenov P) 11 March 2020 09: 30
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    Yes, low oil prices are profitable for producers of goods, while oil producers - on the contrary, are high, this is the law. Germany is one of the world's leading producers of goods. The United States is the same (although production is also carried out, but not so much as to consider the United States an oil producing country). And the United States is beneficial low oil price .. Naturally, the Germans and Americans are grateful, still .. But Russia is not profitable. But Putin does not care, he wants to try to "kill the slate" ..
    1. Dear sofa expert. 11 March 2020 12: 21
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      Yes, Germany is a manufacturing country. And for a functioning production, lending is needed. Cheap fuel positively affects the country's economy only for a short time, when the solvency of the population rises, and this can give an impetus to production. But then cheap fuel begins to negatively affect the inflationary process and leads to lower bank interest rates. In Germany, they are inexorably approaching zero. The interest rate - zero (and in the long term - minus) deprives banks of the opportunity to earn money. As a result, lending to enterprises is terminated. This in turn leads to their bankruptcy. People lose their jobs and, as a result, their solvency decreases. The country's economy is suffering.
      Do you have anything to argue with me?)
    2. andrew42 Offline
      andrew42 (Andrei) 11 March 2020 15: 41
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      So, “collective Putin” is right in doing what it plays against oil shale, ”he said. It’s another matter that citizens will not be better off from this — the Russian raw materials economy loses to that “slate” or fights off - this will not affect the welfare of the Ring Road.
  14. Marshal Voroshilov (Marshal Voroshilov) 11 March 2020 11: 24
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    Could you stop retyping German stupid things here? We have enough of our own in Russia.
    Allegations of Sadistic Arabia as its cost of production of 2,80 do not make any sense, since this is 2,80 without oil transportation, the Saudis are tankers. Rosneft has cheap pipe deliveries. Further. The German and tearful statements about how Russia allegedly loses money from selling oil for an expensive dollar does not make sense, since the state-owned company Rosneft sells Russian Urals oil only for euros, rubles and yuan. Thus, the issue of losses from the sale of oil for dollars can be considered closed.
    And supposedly economic losses from changes in the ruble against the dollar are insolvent, if only because of the diversified financial relations of the BRICS countries, in which settlements have long been carried out in the currencies of the BRICS countries. Simply put, almost all of the electronics, about which the media threaten to rise in price, was made either in Russia or in China - the calculations between the two countries take place in rubles and yuan, without any Fed dollars, which means that Russian citizens will not feel a rise in price most goods.
    1. Lusis Offline
      Lusis (lusis) 11 March 2020 14: 35
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      ... Rosneft sells Russian Urals oil only for euros, rubles and yuan.

      ... And in relation to EURO, did the ruble not sag?
  15. andrew42 Offline
    andrew42 (Andrei) 11 March 2020 15: 33
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    The good news is that our bourgeoisie finally learned to "count their money" with a horizon of more than 1 quarter. An ordinary Russian citizen would somehow be crushed by more, not today, so tomorrow, - external economic crises only reveal the real inflation in the Russian economy, bring God into the light. And then, you know, the products on the shelves / communal apartment are getting more expensive by 35%, and the ruble exchange rate miraculously costs, like the Brest Fortress, for 3 years !!! - such is the "Digital Economy". Well, at least, the enemies forced the agricultural to pull up against the background of sanctions, but this is not enough. No matter how much gold is stored, but without the high-tech and high-tech industries (mechanical engineering, instrument making, electronics), the economy was "African" and remained. As long as there is oil and gas, the bourgeois will feast, occasionally sweeping crumbs from the table. Barin doesn’t need a steam locomotive, there’s enough a water truck, and a quitrent from serfs.