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
    Bulanov (Vladimir) 19 March 2020 13: 31
    +3
    The economy of the USSR was undermined by perestroika and the "dry law", which instantly took out over 20% of the country's revenues from the budget. And the betrayal of the elites finally destroyed it. I wonder how Kravchuk views the results of his betrayal of the CPSU and the people of Ukraine? For himself personally, he enriched himself, but for HISTORY who will he remain?
  2. Sergey Latyshev Offline Sergey Latyshev
    Sergey Latyshev (Serge) 19 March 2020 14: 24
    -1
    USD 80,37
    EUR 86,77 XNUMX
    Oil 26,12−0,61%

    Here is the answer. But the Saudis do not care what someone dreamed there.
  3. gorenina91 Offline gorenina91
    gorenina91 (Irina) 19 March 2020 14: 30
    0
    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 is there to add ... and there is nothing more to add ... - Unless only our brilliant leadership will come up with the idea of ​​giving Russian gold to China, in order to win his "favor" at least for a while ... - Personally, I already and I won't be surprised ...
    1. sgrabik Offline sgrabik
      sgrabik (Sergei) 20 March 2020 16: 22
      +3
      Indeed, China is to blame for everything, well, finally we found the cause of all the troubles !!!
    2. Aleksey Glotov Offline Aleksey Glotov
      Aleksey Glotov (alexey glotov) 21 March 2020 04: 08
      -1
      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
    Smirnoff (Victor) 19 March 2020 16: 57
    +3
    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
      Arkharov (Grigory Arkharov) 20 March 2020 15: 09
      -4
      ... FORCED the Saudis to break and not renew the previously signed agreements.

      - who, who broke the agreement? !!!!! Maybe Martians?
      1. Bakht Offline Bakht
        Bakht (Bakhtiyar) 20 March 2020 15: 34
        0
        The agreement was broken by the Saudis. Still have to point to the obvious?
        1. Arkharov Offline Arkharov
          Arkharov (Grigory Arkharov) 20 March 2020 17: 36
          -2
          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
            Bakht (Bakhtiyar) 20 March 2020 20: 37
            +2
            It's hard in the village without a revolver. “Judging by the statements of the parties,” this is a good excuse. We'll 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 thwarted the OPEC + agreement,” I immediately close the page. This DOESN'T CORRECT TO REALITY. At the moment, the main oil exporters are the United States and Saud. Has anyone heard that the Americans or the Saudis are planning to cut production to maintain prices? What does Russia have to do with it?
  5. boriz Offline boriz
    boriz (boriz) 19 March 2020 22: 44
    +1
    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
    nov_tech.vrn (Michael) 20 March 2020 13: 50
    +2
    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
    Bakht (Bakhtiyar) 20 March 2020 16: 38
    +1
    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
      Arkharov (Grigory Arkharov) 20 March 2020 19: 08
      -1
      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
        Bakht (Bakhtiyar) 20 March 2020 20: 47
        +1
        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
          Arkharov (Grigory Arkharov) 21 March 2020 08: 47
          -1
          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
            Bakht (Bakhtiyar) 21 March 2020 08: 54
            +3
            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 that's not what interests me. You wrote that I posted "mindlessly". Now you are trying to save your face by indicating not 20, but 18 thousand. Didn't want to apologize?
            1. Arkharov Offline Arkharov
              Arkharov (Grigory Arkharov) 21 March 2020 09: 15
              -1
              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
                Bakht (Bakhtiyar) 21 March 2020 09: 25
                +3
                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 my mistake and apologize. So I'm not surprised.
                1. Arkharov Offline Arkharov
                  Arkharov (Grigory Arkharov) 21 March 2020 09: 26
                  -1
                  Do you think that everyone should open your English-language links, translate to the best of their ability? Or how? You know, "in hindsight" .....
                  1. Bakht Offline Bakht
                    Bakht (Bakhtiyar) 21 March 2020 09: 33
                    +2
                    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.
  8. The comment was deleted.
  9. Bakht Offline Bakht
    Bakht (Bakhtiyar) 20 March 2020 21: 20
    +1
    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
    gorenina91 (Irina) 21 March 2020 06: 56
    +1
    - 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" are addressing ... 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 of that solemn moment when the Saudis will impose their "hand of power" (which all these senators are ready to kiss ...) on the world order in the oil and gas sector and thereby ensure the long-awaited stabilization in the world economy ... -Hahah ...
    - And the author also complains that they, sickly, should not have turned to Prince Salman .., but to Putin ...
    - Yes, with such a "appeal" in Russia you only need to address the father-tsar with a petition ... - Hahah ...
    - By the way ... - the senators make fun of ... - After all, the Americans handed all this fake "force for stability in global markets" to the Saudis and gave them a direct "instruction to action" ... - Well, the Saudis are happy try...
    - So with this "appeal" the Americans are turning to themselves ... - Hahah ...
    - What is it - "Kingdom of Saudi Arabia is a force for stability in global markets" ... - sheer fiction ...
    1. Bakht Offline Bakht
      Bakht (Bakhtiyar) 21 March 2020 07: 26
      0
      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
    Bakht (Bakhtiyar) 21 March 2020 09: 19
    +2
    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
    Dzafdet (Sergei) 21 March 2020 13: 15
    +1
    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 ...
  13. The comment was deleted.