As the Iran war continues to choke flows through the Strait of Hormuz and scramble global crude markets, Moscow’s flagship Urals blend is essentially printing money.
Another big giant present with a bow on top from Trump to Putin.
Ukraine is also hitting Russian oil export infrastructure like ports. Russia might get 60% more per barrel, but if the volume falls in a similar order of magnitude, then that is not helping Russia at all.
But the best way to deal with these problems, is to consume less oil. Long term, this is going to hurt Russia a lot. As in destroyed infrastructure and high prices destroying demand.
Ukraine is also hitting Russian oil export infrastructure like ports. Russia might get 60% more per barrel, but if the volume falls in a similar order of magnitude, then that is not helping Russia at all.
But the best way to deal with these problems, is to consume less oil. Long term, this is going to hurt Russia a lot. As in destroyed infrastructure and high prices destroying demand.