Wilshire to World News@lemmy.worldEnglish · 3 months agoPutin’s war economy faces pain if Saudis sink global oil priceswww.politico.euexternal-linkmessage-square24fedilinkarrow-up1102arrow-down14cross-posted to: ukraine
arrow-up198arrow-down1external-linkPutin’s war economy faces pain if Saudis sink global oil priceswww.politico.euWilshire to World News@lemmy.worldEnglish · 3 months agomessage-square24fedilinkcross-posted to: ukraine
minus-squarelorty@lemmy.mllinkfedilinkEnglisharrow-up2·3 months agoWhy would they though? They profit just the same from the high prices.
minus-squareInvertedParallax@lemm.eelinkfedilinkEnglisharrow-up7·3 months agoThey need the houthis gone and Iran stopped, that doesn’t happen till Russia gives up. Russia is trying to set the middle east on fire to pull support from Ukraine, and the middle east is where the saudis keep all their stuff.
minus-squarefine_sandy_bottom@lemmy.federate.cclinkfedilinkEnglisharrow-up4·3 months agoThey want $100 a barrel. Russia is selling too much at say $90 a barrel. If the Saudis flood the market so it’s only $80 a barrel, it will really fuck Russia’s shit up. Saudis are hoping Russia starts playing their game with the price fixing.
Why would they though? They profit just the same from the high prices.
They need the houthis gone and Iran stopped, that doesn’t happen till Russia gives up.
Russia is trying to set the middle east on fire to pull support from Ukraine, and the middle east is where the saudis keep all their stuff.
They want $100 a barrel. Russia is selling too much at say $90 a barrel. If the Saudis flood the market so it’s only $80 a barrel, it will really fuck Russia’s shit up.
Saudis are hoping Russia starts playing their game with the price fixing.