Fragments of a blog
Fragments of a blog
Clara Ferreira Marques wrote yesterday in Bloomberg Elements: Russia’s plan to cut oil production by 500,000 barrels a day next month — roughly 5% of its January output and 0.5% of global supply — was a show of strength. Sorry but no. It was another…
Craig Kennedy, a member of the advisory board at Harvard’s Davis Center for Russian and Eurasian studies, has posted a long read on sanctions against Russia’s oil sector, Russian Oil’s Achilles Heel. It’s the best I’ve read on the subject.…
News from S&P Global Platts on the upcoming OPEC+ meeting (online): Saudi Arabia and Russia… have insisted that they will only participate [in an agreement to reduce oil output] if the US also agrees to production cuts. A condition unlikely…
A fund manager running a private equity fund out of Luxembourg writes: Regarding what happened on the ground, one can assume that Saudi Arabia had prepared a plan A and a contingency plan before entering the talks. Plan A was…
Last September and October, I wrote about George Soros’ untimely announcement that Russian oil production was in decline. The data links in these posts seem to be working all right, providing updated information. It indicates that the decline has so far failed to begin.…
I was puzzled by George Soros’ explanation why Moscow seems unlikely to break the Minsk agreement and launch a large-scale military operation against Ukraine: The weakness of oil prices and the further downward slide of the ruble have put renewed pressure on…