27.05.2022, 10:43
The US Pointed to Russia's Record Revenues from the Sale of Gas and Oil
Source: OREANDA-NEWS
OREANDA-NEWS The sanctions imposed on oil against Russia actually increase Moscow's revenues from the export of this energy carrier, writes columnist Robert Rapier for the Oil Price portal.
In the US, they expect that Russia will not be able to service its debt
He notes that Russia's revenues from oil and gas have reached another record level, despite measures designed to damage the Russian economy.
According to him, although the United States has stopped buying Russian oil, Russia is one of the world's largest oil producers and exporters. It is impossible to completely remove Russian oil from the market without its prices rising much — perhaps up to $ 200 per barrel.
In the US, they expect that Russia will not be able to service its debt
He notes that Russia's revenues from oil and gas have reached another record level, despite measures designed to damage the Russian economy.
According to him, although the United States has stopped buying Russian oil, Russia is one of the world's largest oil producers and exporters. It is impossible to completely remove Russian oil from the market without its prices rising much — perhaps up to $ 200 per barrel.
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