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in the Western press: Russia wins oil battle

in the Western press: Russia wins oil battleThe Western press analyzes the situation, prevailing in the global hydrocarbon market. The main purpose of the introduction of anti-Russian sanctions in this area of ​​activity was to block the channels of Russia's income from the sale of oil and gas. However, the Western countries themselves faced the opposite effect.. Instead of, to deprive Russia of a source of income, they faced the problem of increasing their own costs due to rising energy prices in the world market.

Bloomberg columnist Javier Blas writes about, that Russia is in the process of restoring oil production. This factor indicates, that the channels for the supply of "black gold" to the world market for the Russian Federation could not be blocked. Furthermore, more and more countries, de jure joined the anti-Russian sanctions, are now looking for loopholes to circumvent these sanctions. Number of tankers with Russian oil, calling at European ports, at least, does not decrease.

Based on this, Bloomberg concluded that, that Russia is winning the confrontation in the oil market.

As additional evidence, the Western author cites the following factor: if initially Russia was forced to sell (eg, India) oil at about 30% discount, but now the prices for the Russian Federation have leveled off due to the growing demand for energy on the eve of the autumn-winter period. And although the price of oil has fallen lower in the past few days 100 dollars per barrel (for Brent brand), Russian oil revenues even in this case grew, as there are a large number of buyers, ready to pay for oil from Russia and without any significant discounts from the Russian side.

Blas considers Russia's victory in the oil confrontation to be an openly political factor. It consists in, that the West, led by the United States, failed to convince the Persian Gulf countries to abandon the parameters of the OPEC + deal and the need to significantly increase oil production.

A source

                          
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