Russian oil has been the cheapest since the beginning of the war. Another 18 years with inexpensive oil?

Zdjęcie: Foto: Bloomberg


As a consequence of the collapse of the global oil marketplace caused by the trade war of Donald Trump and the OPEC+ decision to further increase mining, Urals' Russian oil sank to $50 a barrel. It is an amount close to the minima of the full war period with Ukraine and nearly $20 lower than what it should cost to finance the Russian war.