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Saudi Arabia more than doubled Russian oil imports in the second quarter, freeing up their own crude for export
Markets Insider ^ | July 15, 2022 | Brian Evans

Posted on 07/15/2022 4:54:42 PM PDT by MinorityRepublican

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To: MinorityRepublican

The falafel vote


21 posted on 07/15/2022 6:16:51 PM PDT by combat_boots
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To: MinorityRepublican
so Fox News on Hannity is announcing that Saudi Arabia has agreed to increase production with Biden. Is that really Russian oil being reexported?
22 posted on 07/15/2022 6:33:10 PM PDT by Truth29
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To: Fido969
Even at a large discount, the Russians are making tons of money.

I read a few year ago that Russia would make money all the way down to 15 bucks a barrel. Seems plausible.....but,

Q. How much does it cost to produce a barrel of oil in Russia?

A.Russian production costs are $3-$4 per barrel and Russian firms could probably profit even if oil prices were $25-$30 per barrel. Jun 28, 2022

.

Q. How much does it cost to produce a barrel of oil in Saudi Arabia?

A. In Saudi Arabia and Kuwait, production costs per barrel rarely exceeded $10 per barrel throughout the study period, and median costs were $5.40 a barrel. At the 95th percentile, the production cost was about $10 per barrel.

23 posted on 07/15/2022 6:44:51 PM PDT by Karl Spooner
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To: MinorityRepublican
LETS-GO-Brandon-Saudi
24 posted on 07/15/2022 10:03:05 PM PDT by PGR88
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To: MinorityRepublican

So, in essence we are buying Russian oil and supporting the attacks on Ukraine. Great job, Joe!

What’s the next step in you plan to destroy the USA?


25 posted on 07/16/2022 5:33:35 AM PDT by RouxStir (No Peein' in the Gene Pool)
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To: PGR88

I expected him to be “bobbing for apples” under MBS’s skirt.


26 posted on 07/16/2022 5:37:46 AM PDT by RouxStir (No Peein' in the Gene Pool)
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