World media: Saudis are extremely risky game against Russia


World media are actively commenting on a new round of lowering oil prices to the level of the early 2000s. Moreover, the voiced assessments can hardly be called overly optimistic.


For example, that the value of black gold can fall even below zero, the website reports Fox Business, broadcasting the opinion of Paul Sanki, managing director of the Japanese investment company Mizuho Securities.

Site Oilprice.com focuses on the difficult situation in which Iraq found itself. The oil minister of this country asked the head of the Organization of Exporting Countries to convene an extraordinary meeting of OPEC + to "discuss all possible ways" on how to reverse the fall in prices.

The negative effects and tells the Canadian Financial Post, believing that "Canada’s oil sector has plunged into a crisis of unprecedented magnitude at lightning speed."

Angelo Katsoras, an analyst with the National Bank, believes that the conflict between Saudi Arabia and Russia could drag on for several months before one of the parties surrenders.

Both countries also have a financial cushion to cover losses for several months.

- believes the expert, whose value judgment is given by the Financial Post.

British newspaper offers its analysis of what is happening Financial Times. According to an influential business newspaper, Saudi Arabia is playing an extremely risky game, attacking both Russia and the United States with low prices.

But Russia boasts higher reserves and floating currency. At the same time, the Russian Federation is much less dependent on oil sales. A spokesman for Vladimir Putin said the Russian leader “has no plans” to speak with either the crown prince of the kingdom, Muhammad, or his father, King Salman, the newspaper notes.

Ten years ago, the United States would certainly benefit from low oil prices, but their rapid transformation into the world's largest producer has changed a lot. Those states that were the beneficiaries of the shale boom, such as Texas, North Dakota, and Pennsylvania, will be the victims of the current war.

While some in Saudi Arabia are encouraged by the belief that it was the kingdom that undermined the economy The Soviet Union in 1986, flooding the market with offers, others fear that the Crown Prince may have gone too far, provoking the wrath of his overseas ally, the Financial Times suggests.

Their assessments of what is happening specifically for the Russian economy are heard in instant messengers.

A complete collapse and the end of imports in Russia came at $ 25 for Urals, now the price is $ 20

- writes the popular Telegram – channel BRIEF / NONBAR.
Photos used: https://pixabay.com/
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  1. Bulanov Offline
    Bulanov (Vladimir) 19 March 2020 13: 31
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    The economy of the USSR was undermined by perestroika and the Prohibition, which instantly took out over 20% of the country's revenues from the budget. And finally ruined the betrayal of the elites. I wonder how Kravchuk looks at the results of his betrayal of the CPSU and the people of Ukraine? For himself, he enriched himself, but for HISTORY, who will he remain?
  2. Sergey Latyshev Offline
    Sergey Latyshev (Serge) 19 March 2020 14: 24
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    USD 80,37
    EUR 86,77
    Oil 26,12−0,61%

    Here is the answer. But the Saudis do not care what someone dreamed there.
  3. gorenina91 Offline
    gorenina91 (Irina) 19 March 2020 14: 30
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    World media: Saudis are extremely risky game against Russia

    - Why are everyone so attached to this Saud. Arabia ...
    - In this matter, it is much more dangerous and insidious ... as always, our "faithful friend"; "brother" and "conscientious partner" ... - China ...
    - And what did China learn again, why did it help Russia so much, but with what:

    The Chinese state oil company Sinochem Corp., one of the largest importers of energy resources there, categorically rejected the possibility of accepting any cargo in any way connected with the Russian company Rosneft, in respect of some units of which US sanctions should come into force in May. Recall, February 18, Washington included the Swiss trading structure of Rosneft, Rosneft Trading SA, as well as TNK Trading International (TTI) in the sanctions list (SDN List) for operations in Venezuela. At the same time, the Americans announced to companies that the deadline for minimizing operations is May 20.
    And as it became known from the tender documentation of Sinochem, whence all goods that could have something to do with any Rosneft structures were excluded. In the Celestial Empire, they decided in this way to hedge not even 100%, but all 300%, on the basis of fears that by the time the contracted oil shipments arrive in China and settle for them, the sanctions list could be expanded further. Then the danger of falling under US restrictions will actually exist for Chinese oil traders.

    - So that's not all:

    Not so long ago, RAO Gazprom started talking about a possible shutdown of the Power of Siberia gas pipeline. It was supposedly planned preventive work, but a number of sources indicate that a decrease in the Middle Kingdom imports of Russian “blue fuel” may be the true reason. The fall in production during the distribution of COVID-19 in the country, of course, reduced China’s energy needs, but it is alarming that the commitment to sharply increase purchases of American LNG written in a trade agreement with the United States seems to be strictly observed - to the detriment of our gas supplies .

    Russia's loss of the Celestial market will be more than a painful blow for the domestic oil industry. Alas, the Chinese comrades are once again demonstrating that it would be frivolous and dangerous to consider them as Russia's “allies”. As before, Beijing continues to act, pursuing exclusively its own interests and not particularly reckoning with the global interests of that country, which it seems to position as friendly ....

    - Well, what else can I add ... but there is nothing more to add ... - Unless only our ingenious leadership has thought of giving Russia gold to China, in order to at least for some time gain its “favor” ... - Personally, I’ve already and I won’t be surprised ...
    1. sgrabik Offline
      sgrabik (Sergei) 20 March 2020 16: 22
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      Indeed, China is to blame for everything, well, finally we found the cause of all the troubles !!!
    2. Aleksey Glotov Offline
      Aleksey Glotov (alexey glotov) 21 March 2020 04: 08
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      Irina, apparently, China has annoyed you a lot ... What is not an article, then you come to China for any reason.
  4. Smirnoff Offline
    Smirnoff (Victor) 19 March 2020 16: 57
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    The Saudis are extremely risky game against Russia ??? Not the Saudis are !!! And the United States by the hands of the Saudis. It is the Americans FORCED the Saudis to break and not extend the previously signed agreements.
    The Saudis are completely controlled, manually and remotely, by the Americans.
    The Saudis are the TOP, have long betrayed the interests of their people to the Americans.
    1. Arkharov Offline
      Arkharov (Grigory Arkharov) 20 March 2020 15: 09
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      ... FORCED the Saudis to break and not renew the previously signed agreements.

      - who, who broke the agreement? !!!!! Maybe Martians?
      1. Bakht Offline
        Bakht (Bakhtiyar) 20 March 2020 15: 34
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        The agreement was broken by the Saudis. Still have to point to the obvious?
        1. Arkharov Offline
          Arkharov (Grigory Arkharov) 20 March 2020 17: 36
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          The deal to reduce oil production, which 24 countries have consistently executed for three years, will cease to be valid on March 31. Russia has not agreed to OPEC's proposal to further reduce production due to coronavirus
          Judging by the statements, Russia's position is the only stumbling block in the negotiations. 90% of non-OPEC countries agree with the decision on an additional reduction of 1,5 million barrels. per day.

          https://www.rbc.ru/economics/06/03/2020/5e621c139a7947397c940a99
          1. Bakht Offline
            Bakht (Bakhtiyar) 20 March 2020 20: 37
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            It’s hard in a village without a gun. "Judging by the statements of the parties," this is a good excuse. Will have to in detail.

            The deal ended on April 1, 2020. During the transaction period, while OPEC + countries reduced production, the States increased production from 5 to 12 million barrels per day and captured part of the Russian market in Europe. They were also able to capture part of the LNG market in Europe. Oil prices during the transaction period fell from $ 65 to $ 45. That is, the very essence of the transaction: by reducing production to maintain existing prices - has not been achieved. Mainly due to US actions. Which, using prices of 50-60 dollars, increased production and captured markets. A further reduction would lead to an increase in the share of shale oil in Europe (the main center for the sale of Russian oil) and a further drop in oil prices.

            Again. Russia proposed to EXTEND the existing contract for another three months and look at the market situation. The Saudis decided to EXIT the deal and increase production by 2 million, and then by 3 million barrels.

            It seems to me that there is a difference between the EXTEND and EXIT concepts. The agreement ended anyway in a month. So, Russia did NOT TERMINATE the agreement, as you write. The Saudis broke the agreement and decided to seize the European market (that is, the scope of Russia).
            ---------
            I can repeat what I said before. "When I read that Russia has broken the OPEC + agreement," I immediately close the page. This DOES NOT CONSISTENCY. At the moment, the main exporters of oil are the USA and the Saudis. Has anyone heard that Americans or Saudis plan to cut production to maintain prices? What does Russia have to do with it?
  5. boriz Offline
    boriz (boriz) 19 March 2020 22: 44
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    Actually, Brent has exceeded $ 28. Than hysteria, it is better to see how things will unfold further.
  6. nov_tech.vrn Offline
    nov_tech.vrn (Michael) 20 March 2020 13: 50
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    While the people are sick, the oil price is changing every day and some earn huge profits on these swings, and that’s what they need.
  7. Bakht Offline
    Bakht (Bakhtiyar) 20 March 2020 16: 38
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    Latest News:

    Saudi Arabia refused to supply oil at the promised discount.

    https://www.reuters.com/article/us-global-oil-iraq-freight/saudi-arabia-iraq-say-they-will-not-compensate-for-oil-freight-rate-jump-documents-idUSKBN2161BT

    Roughly speaking, the freight cost of supertankers soared from $ 20 to $ 200-300 thousand. According to experts, this makes 3-4 extra dollars per barrel. Compensation from Arabia and Iraq is not provided.

    Oil companies in Saudi Arabia and Iraq declined to comment.
    1. Arkharov Offline
      Arkharov (Grigory Arkharov) 20 March 2020 19: 08
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      From where thoughtlessly re-posted:

      ... the freight cost of supertankers soared from $ 20 ...

      What is this supertanker freight for $ 20000, per flight, per mile, per day, per minute, per ton? I think you yourself have no idea.
      1. Bakht Offline
        Bakht (Bakhtiyar) 20 March 2020 20: 47
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        To your great regret, I have a complete picture.

        https://neftegaz.ru/news/finance/533393-stavki-frakhta-krupneyshikh-neftyanykh-tankerov-vlcc-rezko-vyrosli-do-kosmicheskikh-summ/

        On Friday, March 6, 2020, supertanker freight rates were about $ 18 / day.
        Already on Wednesday, March 11, sub-freight transactions were recorded at rates up to $ 241 / day.
        1. Arkharov Offline
          Arkharov (Grigory Arkharov) 21 March 2020 08: 47
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          Already not 20 thousand, but 18. The entire Internet was covered up to find, but something was not quite right. And if they pay up to 241 949 US dollars / day, then it means that it is profitable anyway !!!! And for some reason, obviously not Russian companies are making money on freight.
          1. Bakht Offline
            Bakht (Bakhtiyar) 21 March 2020 08: 54
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            Different sources have different numbers. Freight jumped 700%. This is from English sources. There are reports that the Saudis, against the backdrop of such freight prices, turned out to be at a discount from oil supplies to Europe.

            But this is not what interests me. You wrote that I posted "thoughtlessly." Now you are trying to save face by indicating not 20, but 18 thousand. Didn’t want to apologize?
            1. Arkharov Offline
              Arkharov (Grigory Arkharov) 21 March 2020 09: 15
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              No, I don’t want to; everything looked very pale with you, which I pointed out to you:

              What is this $ 20000 supertanker freight, per flight, per mile, per day, per minute, per ton?

              Do you write any, for the most part, abstract figures, perhaps it looks spectacular, but only with an understanding of what it is paid for? Then you either deceived, or were too lazy to explain everything normally.
              1. Bakht Offline
                Bakht (Bakhtiyar) 21 March 2020 09: 25
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                It seemed so to you. Just because you don’t read what they write to you. I will repeat specifically for you:

                https://www.reuters.com/article/us-global-oil-iraq-freight/saudi-arabia-iraq-say-they-will-not-compensate-for-oil-freight-rate-jump-documents-idUSKBN2161BT

                I gave a link where it was clearly written:

                Rates for supertankers have rocketed up to record levels of over $ 200,000 a day in recent days, raising overall costs

                Your comment looked not just "pale", but just childish. I always knew that only a very strong person can admit his mistake and apologize. So I'm not surprised.
                1. Arkharov Offline
                  Arkharov (Grigory Arkharov) 21 March 2020 09: 26
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                  Do you think that everyone should open your English-language links, translate as much as possible? Or how? You know, in hindsight .....
                  1. Bakht Offline
                    Bakht (Bakhtiyar) 21 March 2020 09: 33
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                    You could see in Russian. You constantly question information from Russian-language sites. Therefore, I searched in English. And you do not like it. You use the RBC resource. I’ve been five years since I turned off this channel because of its complete inadequacy.
                    All the best to you.
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  9. Bakht Offline
    Bakht (Bakhtiyar) 20 March 2020 21: 20
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    Have to upload a file. If someone else does not understand what happened, then at least 13 US senators understand the essence of what is happening. For some reason, they wrote a letter not to Putin, but to Prince Salman.

    https://www.sullivan.senate.gov/imo/media/doc/FINAL

    Senior Saudi government leaders have repeatedly told American officials. including us, that the Kingdom of Saudi Arabia is a force for stability in global markets. Recent Saudi actions have called this role into question. We urge the Kingdom to assert constructive leadership in stabilizing the world economy by calming economic anxiety in the oil and gas sector at a time when countries around the world are addressing the pandemic.
  10. gorenina91 Offline
    gorenina91 (Irina) 21 March 2020 06: 56
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    - I personally read it ... here ... some comments ...

    13 US senators are well aware of what is happening. For some reason, they wrote a letter not to Putin, but to Prince Salman.

    Senior Saudi government leaders have repeatedly told American officials. including us, that the Kingdom of Saudi Arabia is a force for stability in global markets. Recent Saudi actions have called this role into question. We urge the Kingdom to assert constructive leadership in stabilizing the world economy by calming economic anxiety in the oil and gas sector at a time when countries around the world are addressing the pandemic.

    - Ha ... - Through which microscope of the absurd can one look at least some semblance of logic here ???
    - No ... - Well, really a complete theater of the absurd ..:
    - “13 US senators” turn to ... to Prince Salman ... with their lamentations that they hate to doubt the Saudi “force for stability in global markets” ... - And what, they all obsequiously expect from the Saudis that solemn moment when the Saudis put their "power hand" (which all these senators are ready ... to kiss each other) on the world order in the oil and gas sector and this will ensure the long-awaited stabilization in the global economy ... -Hahah ...
    - And the author also complains that they, sickly, should not have turned to Prince Salman .., but to Putin ...
    - Yes, with such an “appeal” in Russia it is only necessary to contact the priest-king with petition ...- Hahah ...
    - By the way ... - Senators are pretty kidding ... - After all, all this fake "force for stability in global markets" Americans handed over to the Saudis and gave them a direct "instruction for action" ... - Well, the Saudis are happy try...
    - So with this "appeal" the Americans turn to themselves ... - Hahah ...
    - What is it - "Kingdom of Saudi Arabia is a force for stability in global markets" ... - a complete fiction ...
    1. Bakht Offline
      Bakht (Bakhtiyar) 21 March 2020 07: 26
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      Judging by the comments, you still don’t understand anything. What am I, however, again not surprised. It’s impossible to read your comments, understand it all the more. Graphomania is not treated.
  11. Bakht Offline
    Bakht (Bakhtiyar) 21 March 2020 09: 19
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    I think that the authors will open a new topic. But for now I'll write here.

    About 10 days ago I gave a link to the website of the US Treasury Department. And not a single word of mine was there. Only the official text. Got two minuses. I don't care about the cons or the pros. I simply point out this as a fact that someone is just minus the information :-) I would not say that from a big mind.

    So, back to that post. Mnuchin and Antonov discussed three issues. Venezuela, sanctions and the stability of energy markets. I consider this message to be the most important of all that has been discussed here over the past 10 days. For the simple reason that I personally made several conclusions from this.

    1. Russia must in any way keep Venezuela in its orbit. This is the most important and most difficult task. Due to the remoteness and the need to play in a foreign field. I'm afraid this is super complicated.

    2. In Syria, the center of hostilities will be shifted from Idlib to the East Bank of the Euphrates. This means an almost direct clash with the US Armed Forces. The southern part of Idlib will need to be cleaned up very quickly and by the summer operations to cleanse the east of Syria will begin.

    3. States will introduce new sanctions against the Russian energy complex. Most likely in April. This will mean a full-blown economic war. Therefore, in Russia, the nationalization of Rosneft, Gazprom, RusAl and other significant facilities will become an urgent need.

    I repeat once again that this is my personal opinion. I do not pretend to be Cassandra or Wang. Maybe I'm wrong. Wait and see.
  12. Dzafdet Offline
    Dzafdet (Sergei) 21 March 2020 13: 15
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    Ten Caliber with NJF for Saudi deposits and the crisis is over ... But our leadership will prefer to plunge the country into the abyss of poverty and collapse ...
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