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A comment on Oil plunges below zero for first time with May contract ending. Parent comment

Re:Oil plunges below zero for first time with May contract e... by exhilaration on Monday April 20, 2020 @11:57AM (#22925043)
Russia is less oil dependent than SA...

Are you sure? Everything I've read has said some variation of _Russia is heavily dependent on oil exports_ [1]. Russia has a massive cash reserve to weather this crisis but they're still being hurt just as badly as KSA.

[1] https://www.npr.org/2020/03/12/814824039/how-russia-is-react...

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Re:Oil plunges below zero for first time with May contract e... by gbear605 on Monday April 20, 2020 @04:33PM (#22928185)
From their Wikipedia pages, 40% of SA's GDP is oil[1] versus 16% of Russia's[2], also 90% of SA's exports versus 70% of Russia's. Certainly both countries are disastrously hurt by a collapse in oil prices, but SA seems to be worse off.

[1]: https://en.wikipedia.org/wiki/Economy_of_Saudi_Arabia [2]: https://en.wikipedia.org/wiki/Economy_of_Russia

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Re:Oil plunges below zero for first time with May contract e... by rechristened on Monday April 20, 2020 @02:49PM (#22927000)
They didn't say Russia wasn't heavily dependent on oil. They said KSA was even more dependent.
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