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Bofferbrauer2 said:
shavenferret said:

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/

It's apparently $64 in the US. But in Russia, where wages are much lower, that could be also much lower, so I guess they're still selling at a profit, albeit a small one.

This $60 figure is probably assuming that things are "normal", because there is now added costs of rebuilding the destroyed refineries, pipes, and even ships.  There is no doubt more turnover for these jobs now that the refineries and ships are getting hit, etc.  The drone campaign also greatly reduces production and increases waste of oil which has an even worse effect on profit.  

Edit:  I responded to ya before i looked up what the actual profit was because I don't have a clue, and sure enough, gazprom posted a negative profit very recently.  I'm sure that Lukoil or whatever and the smaller companies are having the same problem.  Here's an article if you're curious:

https://www.reuters.com/business/energy/gazprom-swings-net-loss-129-billion-under-russian-standards-2024-ifx-reports-2025-03-17/