The oil collapse kills the Russian economy: the Kremlin Finance Collapse Expert

So as long as the oil quotes remain in the plus, but not as confident as it used to be. Together with the world brands, the price of Russian oil Urals fell. Its cost has decreased to $ 52 per barrel for the first time in 21 months.

Experts believe that the pressure on oil quotes put not only the customs wars of US President Donald Trump, but also the decisions of the OPEC+ countries to accelerate the removal of previously adopted restrictions on production, as well as the news that the Saudi state -owned SAUDI AMCO is reducing prices for all varieties of oil.

Financial analyst, member of the Ukrainian Society of Financial Analysts Andriy Shevchyshyn confirmed in a comment to focus that the situation with oil prices in the world is far from stabilizing. "We have reached one of the very strong levels of support - $ 60-62 per barrel. However, if the Brent Mark" fails "and it, then the next level is expected - $ 50-55 per barrel," Shevchyshyn explained. A number of large banks have recently been worsened for oil prices.

In particular, Societe Generale expects that by the end of the year the WTI quote will drop to $ 57. For the barrel, it should be noted that a number of large banks have recently worsened forecasts for oil prices. In particular, Societe Generale expects that by the end of the year the WTI quote will drop to $ 57. The barrel, and Goldman Sachs analysts have suggested that the Brent most extremated scenario could chew up to $ 40. For barrel, reports Bloomberg on April 8.

Against the backdrop of volatility in the world markets for information in the field of energy in the field of energy (EIA), the US Ministry of Energy has postponed the publication of a monthly forecast for oil from Tuesday to Thursday. "There was some recovery in the oil market in the morning. We will probably see further escalation, which will only increase fears about economic growth and oil demand," Ing analysts said.

With regard to Russian oil, the URALS variety, which is the largest export flow of the country, fell to $ 52. 76 per barrel at the port of Primorsk. The last price of the Urals was lower than $ 50 in June 2023. And here it is necessary to take into account first of all the cost of the Urals in the budget of the Russian Federation, and this is $ 70, reminds Shevchyshyn. The Urals variety is the largest export flow of the Russian Federation. He fell to $ 52. 76 per barrel "Now Urals dropped to $ 52-55.

However, there are very little left there. And if oil prices will keep this level for several months, then the Russian Federation will use its entire fund and resource to compensate for the costs planned in the budget, " - added an analyst. Note that the Kremlin is" doing everything "to minimize the impact months to achieve stabilization. And it can be one of the levers that US President Donald Trump will use during negotiations with the Kremlin, "the analyst added.