Restrictive price ceiling will correspond to the real cost of Russian oil


On Wednesday, November 23, the US and European countries must set a price ceiling for Russian oil, above which Moscow will not be able to sell its black gold on world markets. The ban will also apply to oil freight transactions, as well as to the insurance of such cargoes.


In the West, they believe that in this way the Kremlin will be deprived of the opportunity to earn on oil and finance the special operation in the proper amount. Meanwhile, the very value of the restrictive ceiling is of great importance, which, according to various estimates, may amount to $65 per barrel.

In October, Russian Urals oil cost about $70,6 per barrel. During the same period, the cost of raw materials of the Brent brand was at the level of 93,3 dollars per barrel. The average discount for oil from the Russian Federation was $22,7.

Brent is currently trading at around $89 per barrel and Urals is trading at around $65. If the price ceiling is the same $65, the Russian budget will not suffer, since the established limit will correspond to the real cost of Urals.

Thus, the measures of the West to limit oil prices will not affect the filling of the Russian budget and the fulfillment of its budgetary obligations. Such rhetoric of Western "partners" is designed only for local inhabitants.
  • Photos used: https://pxhere.com/
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  1. zuuukoo Offline zuuukoo
    zuuukoo (Sergei) 23 November 2022 15: 48
    0
    Naturally, they started small (surprisingly, they didn’t set 90 to begin with).
    The bottom line is that the nuts will be tightened gradually (so that the patient does not spit something out of surprise).
    And then it will probably be 69, 68, 65, 60, 50 and beyond.
    1. GIS Offline GIS
      GIS (Ildus) 23 November 2022 17: 03
      0
      I think everyone understands this and will not fall for these "fairy tales", but will keep their word: "those who limit the price - fig what they get"
  2. Jacques sekavar Offline Jacques sekavar
    Jacques sekavar (Jacques Sekavar) 23 November 2022 17: 15
    0
    Question 2 3 or how much for the price of one will the PRC and other friendly state entities buy and whether they will buy at all under the threat of imposing secondary sanctions against them.
  3. Jacques sekavar Offline Jacques sekavar
    Jacques sekavar (Jacques Sekavar) 24 November 2022 08: 45
    +1
    1. Price ceiling means abandoning market prices and moving towards a planned economy
    2. The consent of the Russian Federation to the pricing of its goods by the Western state plan means the recognition of the colonial status
    3. The President of the Russian Federation spoke about the principled position of the Russian Federation - the refusal of the Russian Federation to sell energy resources, presumably all other goods, at prices set by the directive of the Western state plan, i.e. advocated market relations.