Russian oil is the cheapest since the beginning of the war. Another 18 years of inexpensive oil?

Zdjęcie: Foto: Bloomberg


As a consequence of the collapse of the global oil marketplace caused by Donald Trump's trade war and OPEC+'s decision to further increase production, Russian Urals oil has fallen to $50 a barrel. This is close to the lows from the full period of the war with Ukraine and almost $20 lower than what it should cost to finance the Russian war.