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India's Russian oil imports at 10-month high in May

4 pointsby donutloop12 months ago

1 comment

Arnt12 months ago
Sigh.<p>There&#x27;s one thing though. &quot;ample availability of Russian crude, which continues to maintain a price advantage over Riyadh’s oil&quot; means the Russians are selling below their long-term cost, if rumors from friends in the oil business are to be believed. Russia does not produce at costs comparable to Saudi, and (this is rumor:) the only way to maintain such low prices is to skimp on maintenance. Skimp a bit to make sales possible at all, skimp more if profits are needed.