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Russian Oil Disaster - Joe Blogs
Russia is a Leading Member of OPEC+ and is therefore expected to join in the action of the rest of the Consortium. However the recent OPEC+ Oil Production increases are hurting the Russian Economy as they are forcing down the price of oil. The latest round of cuts have come at a bad time for Russia which needs to maximise the revenue it is earning to support spending on the War in Ukraine.
Chapters:
0:00 Intro
1:46 OPEC+
2:49 OVERPRODUCTION
4:36 OPEC+ CHANGES
7:23 RUSSIAN EXPORTS
9:26 RUSSIAN OIL PRICE
12:48 IMPACT ON REVENUE
16:32 SUMMARY & CONCLUSION