shavenferret on 07 April 2025
The russian oil market has collapsed, as prices are in the low 50's per barrel over there. I see articles saying that the oil companies aren't making a profit when spot prices are lower than $60 or so per barrel. But i'm sure that Ukraine can help Russia figure out which refineries should be shut down.
Here's an article for reference.
https://www.reuters.com/markets/commodities/russian-urals-oil-prices-fell-lowest-level-since-2023-brent-price-collapsed-2025-04-07/
