Bloomberg: Russia wins oil showdown despite sanctions

Bloomberg : Russia wins oil confrontation despite sanctions

US analysts have called Russia the winner of the energy confrontation.

Russia is winning the confrontation in the oil market.

This opinion was expressed in his material for Bloomberg by columnist Javier Blas.

According to him, this fact is obvious in any approach.


For example, Moscow's advantageous position is clearly evidenced by the volume of Russian oil production, which last month returned to the figures of the beginning of the year. year – at approximately 10.8 million barrels per day.

“This is not a surge: July was the third consecutive month of recovery in oil production”, – Blas said.

Furthermore, according to him, Moscow is also helped by the price of oil: at first, Russian raw materials were forced to be sold at discounts important, but now the price is recovering to higher values.

Thus, the expert concludes that the energy sanctions imposed on the Russian Federation do not work.

The indicators that Russia has achieved are political, not commercial.

For example, last spring the West was sure that OPEC would refuse to cooperate with Russia, but in the end everything was fine. #39;spent differently.

The observer predicts a worsening of the energy crisis in November, which will affect consumers.

According to the journalist, Europe still speaks publicly about wanting to give up energy from Russia.

“Privately they [European countries] have to admit the troubles that this position threatens to cause their economy”, – Blas is sure of it.

He is sure that with a cold spell, the West will moderate its ardor in an effort to provide support to Ukraine .

Earlier, TopNews wrote that Bloomberg wrote that anti-Russian sanctions deal another blow to energy security in Europe.

Reporters pointed to the worsening of the situation in the Old World.


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