How much Russia lost on oil fall


The first losses of the Russian budget that were incurred as a result of the "oil war" that began after the OPEC + countries could not agree on a reduction in the production of "black gold" became known.


As follows from the message that appeared on the website of the Ministry of Finance, the department predicts that due to the excess of the base oil price over the current market price, in April the federal budget is expected to receive oil and gas revenues in the amount of 55,8 billion rubles.

The Ministry of Finance also announced losses incurred by the country's budget in March: the total deviation of actually received oil and gas revenues from the expected monthly volume of oil and gas revenues and estimates of the base monthly volume of oil and gas revenues from the base monthly volume of oil and gas revenues for the month amounted to 22 billion rubles.

The Finance Ministry explained that the budget deficit will be eliminated through the sale of foreign currency in the amount of 77,8 billion rubles from April 7, 2020 to May 12, 2020, respectively, daily foreign currency sales will amount to the equivalent of 3,5 billion rubles.

It is worth noting that as a result of the collapse in oil prices, losses are borne not only by Russia, but also by other countries involved in oil production, primarily Saudi Arabia and the United States.
Photos used: https://pixabay.com/
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  1. mor7d Offline
    mor7d (mor7d) April 3 2020 15: 16
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    How much Russia lost on oil fall

    And why was it to rock? They slammed the door, left OPEC +, please answer. True, America set you back at the table with the Saudis.
    1. 123 Offline
      123 (123) April 3 2020 15: 55
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      And why was it to rock? They slammed the door, left OPEC +, please answer.

      To whom to answer?

      True, America, you are seated at the table with the Saudis again.

      When did it happen? Or do you know better from under the table?
      1. mor7d Offline
        mor7d (mor7d) April 3 2020 16: 14
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        To whom to answer

        I don’t know, do you have those who kick back who are not subject to justice? What does he want, then he turns it around?

        When did it happen?

        Saudi Arabia called for an urgent meeting of countries participating in the OPEC + agreement. It is logical that this call came almost immediately after President Trump’s tweet. Now it’s up to Russia — it needs to form a team and come to sign the documents. The option with a proud refusal to consider makes no sense - in this case, the US reaction will be the only one - an embargo on the import of Russian oil. This does not exclude the possibility that Russian officials will say something formidable and impressive once or twice, but they will run ahead of their screech to meet - there is nowhere to go.

        Or do you know better from under the table?

        And you? How do you like it under the table? See better?
        1. 123 Offline
          123 (123) April 3 2020 16: 22
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          I don’t know, do you have those who kick back who are not subject to justice? What does he want, then he turns it around?

          Yeah yes you cannot drive them into the Hague Tribunal. This sovereignty is called maybe heard?

          Saudi Arabia called for an urgent meeting of countries participating in the OPEC + agreement.

          Bedouins do not invite negotiations? This is called - seated at the table? By the way, what is it all of a sudden? Fill the whole world with cheap oil changed your mind?

          Now it’s up to Russia — it needs to form a team and come to sign the documents. The option with a proud refusal to consider makes no sense - in this case, the US reaction will be the only one - an embargo on the import of Russian oil.

          That is, the US no longer needs diesel and bitumen? Are large and beautiful American trucks moving to batteries and will no longer build roads?

          This does not exclude the possibility that Russian officials will say something formidable and impressive once or twice, but they will run ahead of their own screech - there’s nowhere to go

          Do not judge everyone by your own.

          And you? how do you like it under the table? See better?

          I’m afraid we won’t fit there, the scale is not the same, and the place has been taken by you for a long time and reliably. hi
          1. mor7d Offline
            mor7d (mor7d) April 3 2020 17: 49
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            Yeah, yes you can’t drive them to the Hague Tribunal

            As it is in Russian, in the elderberry garden, and in Kiev the uncle.
            The rest is about nothing. Fantasies on the topic that you have something so necessary that everyone will belittle you to sell this necessary, and you will blackmail them with this.
            1. 123 Offline
              123 (123) April 3 2020 18: 07
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              As it is in Russian, in the elderberry garden, and in Kiev the uncle.
              The rest is about nothing. Fantasies on the topic that you have something so necessary that everyone will belittle you to sell this necessary, and you will blackmail them with this.

              There is no elderberry in the garden, everything is under the snow, in Kiev, fortunately, there are no relatives either. We don’t need to beg us for anything, don’t like it - go through the market, bargain. You’ll come back anyway. yes Just tell us how to live, no need. no
    2. Nick Offline
      Nick (Nikolai) April 3 2020 17: 43
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      Quote: mor7d
      How much Russia lost on oil fall

      And why was it to rock? They slammed the door, left OPEC +, please answer. True, America set you back at the table with the Saudis.

      It was Russia, along with the Saudis, who sat America at the table. The USA categorically refused to participate in the reduction of production, and gladly replaced with its oil the reduction of production in other countries. Everything! The scribe came to the American nonsense. They will not be able to eat the fish and not choke on the bone. Now they were forced to squeeze.
      1. mor7d Offline
        mor7d (mor7d) April 3 2020 17: 51
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        This is Russia, along with the Saudis, put America at the table

        You are from another universe. America does not sit down at the table, it has set you and the Saudis, and it is watching over you so that you behave yourself.
        1. Nick Offline
          Nick (Nikolai) April 3 2020 17: 54
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          Quote: mor7d
          This is Russia, along with the Saudis, put America at the table

          You are from another universe. America does not sit down at the table, it has set you and the Saudis, and it is watching over you so that you behave yourself.

          The facts suggest otherwise. Russian oil companies continue to produce, and the United States has already begun to go bankrupt.
          1. mor7d Offline
            mor7d (mor7d) April 3 2020 17: 56
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            The facts suggest otherwise

            The facts are just what they say.
          2. mor7d Offline
            mor7d (mor7d) April 3 2020 17: 59
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            The facts suggest otherwise

            On April 6, OPEC + countries Azerbaijan and Kazakhstan will discuss a new agreement and new volumes of reduction in oil production. The minimum threshold for the reduction of 10 million barrels that should leave the market. At the same time, trump said that the United States will not go to any agreements and reductions. The market reacted with a certain increase in oil prices, plus the US factor, which use the OPEC + reduction for a more comfortable position for their producers. However, the war is ending. The United States set a condition for ending the war, and they are the only winners to emerge from it. Countries that have lost this war will somehow share losses among themselves. Sechin’s idea — let’s not extend the OPEC + agreement and crush the American shale industry — burst with indecent sound.
            1. Nick Offline
              Nick (Nikolai) April 3 2020 18: 05
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              Quote: mor7d
              On April 6, OPEC + countries Azerbaijan and Kazakhstan will discuss a new agreement and new volumes of reduction in oil production.

              Let them cut. Russia will not be worse from this.

              Quote: mor7d
              Trump said the United States will not agree to any agreements or reductions.

              Trump can say anything. And the American shale industry is already shutting production.
              1. mor7d Offline
                mor7d (mor7d) April 3 2020 20: 15
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                american shale

                - and do not know what to close.
                1. Nick Offline
                  Nick (Nikolai) April 4 2020 09: 55
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                  Quote: mor7d
                  american shale

                  - and do not know what to close.

                  Maybe someone does not know, but still have to. Life will make.
                  1. mor7d Offline
                    mor7d (mor7d) April 4 2020 09: 57
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                    Maybe someone doesn’t know

                    It will force it, it will force it, but so far it is nothing more than Russian fantasies.
                    1. Nick Offline
                      Nick (Nikolai) April 4 2020 10: 03
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                      Quote: mor7d
                      Maybe someone doesn’t know

                      It will force it, it will force it, but so far it is nothing more than Russian fantasies.

                      This is not Russian fantasies, but a topic that American oil workers are discussing.
                      Writes by The Wall Street Journal:

                      Shale producers, such as Pioneer Natural Resources, are trying to find ways to join the Russian-Saudi plan, some of which support a decrease in production by 500 thousand barrels per day, a newspaper source said.
                      1. mor7d Offline
                        mor7d (mor7d) April 4 2020 10: 15
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                        writes The Wall Street Journal

                        It is very interesting whether it is possible to refer to the original article.
                      2. Nick Offline
                        Nick (Nikolai) April 4 2020 10: 19
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                        Quote: mor7d
                        writes The Wall Street Journal

                        It is very interesting whether it is possible to refer to the original article.

                        It is impossible. I found an article on Interfax that in turn links to The Wall Street Journal. But if you are fluent in English, then what should you find its original on The Wall Street Journal Website? Google it.
                    2. mor7d Offline
                      mor7d (mor7d) April 4 2020 10: 19
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                      Here, apparently, some kind of misunderstanding or attempt to put reality upside down. The Russian Federation withdrew from negotiations because it did not want to discuss a decline in production. The Russian Federation did not want to limit itself, did not want to further reduce production. So how do you understand this phrase then

                      trying to find ways to join the Russian-Saudi plan, some of them support the decline.
  2. Lieutenant Rzhevsky I April 3 2020 18: 19
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    Are you dreaming? Oh well. Ukrainian mriya richer.
  • albor.ru Offline
    albor.ru (Alexander) April 3 2020 15: 37
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    The same to me, the secret of the Opener ... And again he wrote that for every dollar of oil sold over the budget price, Russia receives a billion. They pledged 40 dollars, sold 41 billion to the treasury.
    Oil fell from 50 to 25 - that's the loss of 25 billion. Where is the news ??? Stocks of "fat" - 500. It should be enough for 20 years! But if we take into account the unprecedented teachings of the country on bacteriological warfare - 2 times 2 times less.
    Americans are not stupid ... Under the guise of a Zombie Apocalypse, they regularly conduct stress tests to rule the country in emergency situations. Aren't they fools to believe in zombies !? And here there is no difference ... At least zombies ... At least planetary invasions of the USA and the whole world, even though the war with Russia is the same algorithm - the president first into the Apocalypse Airplane and into the air, then to a secluded place that survived after the bombing , mobilization of firefighters and police, combat readiness of troops and the like - the list is huge ...
    We call it easier - Mobilization Plan.
  • Bakht Offline
    Bakht (Bakhtiyar) April 3 2020 15: 42
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    77 billion rubles is 1 billion dollars. Little.
    1. 123 Offline
      123 (123) April 3 2020 15: 57
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      Therefore, they indicated in rubles, because the amount is not impressive. winked
  • Alexander Semenov (Alexander Semenov) April 3 2020 15: 50
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    The oil war has not yet begun, so, a prelude to the first act, to understand who is capable of what.

    They swim beautifully ... a group in striped swimsuits.

    - quote from the movie Striped Flight !!! And what the hell!
  • Alexzn Offline
    Alexzn (Alexander) April 3 2020 16: 41
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    Interesting arithmetic. If, when the price dropped from 50 to 25 dollars / bar, Russia lost 0,7 billion dollars, then it turns out some kind of absurdity! Russia exports petroleum products (at a minimum) for $ 45-50 billion. per month, and if oil income fell by 0,7 billion, then it means that sales almost doubled (which is absurd against the background of falling demand). Something tells me that if the price drops by half, and the volume of production does not grow (Russia usually has no more than 10% of reserve capacity), then the proposed figures for under-receipt are taken from the ceiling.
    And yet (!) With a fall in the price of the product sold, net profit from sales falls even more - this is the basics!
    1. Bakht Offline
      Bakht (Bakhtiyar) April 3 2020 16: 52
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      Incorrect arithmetic.
      1. Alexzn Offline
        Alexzn (Alexander) April 3 2020 18: 03
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        Quote: Bakht
        incorrect arithmetic

        More specifically, please.
      2. Bakht Offline
        Bakht (Bakhtiyar) April 3 2020 18: 55
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        1. Where did the figure of $ 45-50 billion export per month come from?
        2. Losses of the Russian Federation for the month of March - this is 22 billion 55 billion - these are the ALLEGED losses for April.

        in April expected shortfall in oil and gas revenues by the federal budget in the amount of 55,8 billion rubles.

        A rough count looks something like this. Russia produces 10 million barrels per day. About 5 million are exported. For 30 days of the month this makes 150 million barrels. We multiply by $ 40 (cut-off price) and get $ 6,0 billion per month. But oil was trading at an average price of $ 25. The final result is 150 million for 15 evergreens and we get 2,25 billion dollars. But this is only in arithmetic. But it’s more difficult to consider taking into account the tax on subsoil, production and other wisdom. One mineral extraction tax will give the budget 16% of all 10 million barrels.
        1. Bakht Offline
          Bakht (Bakhtiyar) April 3 2020 18: 58
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          If in two months Russia lost only $ 1 billion, then the hysteria of the Saudis and Trump becomes clear. With a fund of $ 500 billion, this game can continue for 500 for 2 months = 1000 months.
          Which also looks unrealistic :-)
          1. Bakht Offline
            Bakht (Bakhtiyar) April 3 2020 19: 02
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            Here are sample numbers.

            The volume of exports of petroleum products January-October 2019 decreased by 8% - to 116,587 million tons, in monetary terms - by 15,2%, up to $ 55,329 billion.
            In October 2019, the export of petroleum products decreased by 12,2% compared to September 2019 - to 11,614 million tons, revenues - by 9,6%, to $ 5,395 billion.

            https://neftegaz.ru/news/Trading/511673-dokhody-rf-ot-eksporta-nefti-za-10-mesyatsev-2019-g-snizilis-na-4-8-gaza-na-14-4/

            As you can see, about $ 5-6 billion is obtained per month.
        2. Alexzn Offline
          Alexzn (Alexander) April 3 2020 19: 26
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          Quote: Bakht
          1. Where did the figure of $ 45-50 billion export per month come from?
          2. Losses of the Russian Federation for March are 22 billion 55 billion - these are the ALLEGED losses for April.

          in April expected shortfall in oil and gas revenues by the federal budget in the amount of 55,8 billion rubles.

          A rough count looks something like this. Russia produces 10 million barrels per day. About 5 million are exported. For 30 days of the month this makes 150 million barrels. We multiply by $ 40 (cut-off price) and get $ 6,0 billion per month. But oil was trading at an average price of $ 25. The final result is 150 million for 15 evergreens and we get 2,25 billion dollars. But this is only in arithmetic. But it’s more difficult to consider taking into account the tax on subsoil, production and other wisdom. One mineral extraction tax will give the budget 16% of all 10 million barrels.

          I agree a little. In a hurry, was inattentive, to blame.
          Not 45-50 at a minimum, 4,5 - 5,0 billion per month. If the price is halved, revenue will be no more than 2,5 billion dollars.
          Losses from exports still need to be considered in dollars and they will amount to at least 2 billion dollars. More precisely, they will be much higher, because subtract the cost from the proceeds. If the price drops 2 times, net income will fall 2,5 times.
          1. Bakht Offline
            Bakht (Bakhtiyar) April 3 2020 19: 30
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            And the tax to the budget? 16% only for mineral extraction tax, deductions for social programs ... And a lot of things that we do not know about, and no company in the world will provide financial statements.
            Of course, there are losses. But not so disastrous. Did you notice that export revenue has been falling throughout 2019? But consumption was growing. This means that America’s shale industry has taken over Russian markets. So the position of the Russian Federation in early March was absolutely justified.
  • Lieutenant Rzhevsky I April 3 2020 18: 24
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    Read mor7d (mor7d) and immediately understand why peas are not ruled by slaves, but instead of a flag they have a symbol of the syndrome.
    1. The comment was deleted.
      1. Lieutenant Rzhevsky I April 4 2020 12: 43
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        Well, the incendiary cursed.

        1. mor7d Offline
          mor7d (mor7d) April 4 2020 12: 44
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          Keep firing up.
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            1. The comment was deleted.
  • Lieutenant Rzhevsky I April 3 2020 18: 26
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    How strange everything is. Russia suffered losses, and the winning Americans beg to raise prices.
    1. Alexzn Offline
      Alexzn (Alexander) April 3 2020 18: 49
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      Quote: Lieutenant Rzhevsky I
      How strange everything is. Russia suffered losses, and the winning Americans beg to raise prices.

      I wonder where and when did the Americans beg to raise prices? The Americans have a situation in which the economy, as the consumer (the largest in the world), is interested in cheap oil, the oil industry is interested in prices of 50-60 and higher dollars. + The states, as the regulator of the world economy, are interested in stable prices that suit the main players, and it's again 50-60.
      1. Lieutenant Rzhevsky I April 3 2020 19: 06
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        Word for Russia: USA and Saudi Arabia awaiting Moscow’s decision on oil. The collapse in oil prices and the ensuing losses forced the United States to start negotiations with both Saudi Arabia and Russia, which has a final say.

        https://topcor.ru/13952-slovo-za-rossiej-ssha-i-saudovskaja-aravija-v-ozhidanii-reshenija-moskvy-po-nefti.html
      2. Bakht Offline
        Bakht (Bakhtiyar) April 3 2020 19: 18
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        https://ria.ru/20200401/1569412651.html
    2. mor7d Offline
      mor7d (mor7d) April 4 2020 10: 24
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      How strange everything is. Russia suffered losses, and the winning Americans beg to raise prices.

      This is the difference between reality and propaganda.