News for hackers. Stuff that matters.

A comment on Russian oil exports back above pre-Ukraine war levels as India and China buy 90%.

Re:Russian oil exports back above pre-Ukraine war levels as ... by yostrovs on Saturday April 15, 2023 @03:01PM (#35583538)
The discount that China and India get compared to spot price for being the only customers must be substantial, though undisclosed, as far as I know.

China and India are winning here, while Russia is forced to accept low prices.

[ Parent | on HN ]
Re:Russian oil exports back above pre-Ukraine war levels as ... by chinathrow on Saturday April 15, 2023 @03:11PM (#35583631)
Russia is also winning.
[ Parent | on HN ]
Re:Russian oil exports back above pre-Ukraine war levels as ... by Arnt on Saturday April 15, 2023 @04:58PM (#35584461)
If you define "winning" flexibly enough...

If you sell oil at a price too low to recoup the investments in the production facilities, but high enough to bring in hard currency at a time when you really need hard currency, is that winning?

[ Parent | on HN ]