Wilshire to World News@lemmy.worldEnglish • 2 days agoPutin’s war economy faces pain if Saudis sink global oil priceswww.politico.euexternal-linkmessage-square21fedilinkarrow-up199arrow-down14
arrow-up195arrow-down1external-linkPutin’s war economy faces pain if Saudis sink global oil priceswww.politico.euWilshire to World News@lemmy.worldEnglish • 2 days agomessage-square21fedilink
minus-square@lorty@lemmy.mllinkfedilinkEnglish2•9 hours agoWhy would they though? They profit just the same from the high prices.
minus-square@fine_sandy_bottomlinkEnglish4•7 hours agoThey want $100 a barrel. Russia is selling too much at say $90 a barrel. If the Saudis flood the market so it’s only $80 a barrel, it will really fuck Russia’s shit up. Saudis are hoping Russia starts playing their game with the price fixing.
minus-square@InvertedParallax@lemm.eelinkfedilinkEnglish6•8 hours agoThey need the houthis gone and Iran stopped, that doesn’t happen till Russia gives up. Russia is trying to set the middle east on fire to pull support from Ukraine, and the middle east is where the saudis keep all their stuff.
Why would they though? They profit just the same from the high prices.
They want $100 a barrel. Russia is selling too much at say $90 a barrel. If the Saudis flood the market so it’s only $80 a barrel, it will really fuck Russia’s shit up.
Saudis are hoping Russia starts playing their game with the price fixing.
They need the houthis gone and Iran stopped, that doesn’t happen till Russia gives up.
Russia is trying to set the middle east on fire to pull support from Ukraine, and the middle east is where the saudis keep all their stuff.