Putin’s war economy faces pain if Saudis sink global oil prices

www.politico.eu

cross-posted to:
ukraine

Putin’s war economy faces pain if Saudis sink global oil prices

www.politico.eu

Wilshire to

World News@lemmy.worldEnglish · 3 months ago

cross-posted to:
ukraine

A Saudi move to grab market share will squeeze the Kremlin’s finances, experts argue.

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fine_sandy_bottom@lemmy.federate.cc
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3 months ago
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.

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