But Trump is going to give an economic speech! That’ll surely fix it.
JamesLahey08 on
Use a reputable source bro not whatever that social media post is.
Puzzleheaded-Sun6987 on
US will pull out of Middle East next week
Vonplinkplonk on
They are probably going to stick with their winter blend and won’t be able to sell it overseas.
JohnDorian0506 on
MOSCOW, March 26 (Reuters) – Russian Deputy Prime Minister Alexander Novak said on Thursday that the country may re-introduce a gasoline export ban if necessary and that he will hold a meeting with oil companies on Friday to discuss the issue.
It exported almost 5 million metric tons, or around 117,120 barrels per day, of gasoline last year, according to industry sources.
Re introduce and low volumes will have minimal if any impact on the oil price.
WhoisthisRDDT on
Donald is going to get squeeze so hard, he will talk like a duck.
Heuchelei on
Sorry but who are these random twitter accounts and what do they know?
yeezee93 on
Ukraine is doing some damage!
PowerResponsibility on
If that’s the case they’re going to have a hard time profiting off the high prices.
Sure-Two8981 on
Buy the tsx…
DecrimIowa on
economic warfare 101. china and russia know global supply chains and energy markets are the most fragile point of our system and they are hitting them right where it hurts.
it’s smart game theory but a LOT of people (in every country, but especially in the global south and countries without ready access to hydrocarbons) are going to suffer
this is going to be bigger than covid by an order of magnitude, probably bigger than 2008, maybe bigger than 1929. this is going to bring down governments and the global economy. this is going to cause a liquidity crisis. (which is already starting in the weakest/least scrupulous parts of the market ie private equity/private credit).
this is going to blow up the global debt and derivatives markets. trillions and trillions of dollars are going to disappear so rapidly our heads will spin.
Lost-Cabinet4843 on
No it’s not. This is only affecting regional areas in eastern europe.
This is not going to be a price shock to the greater world. This will be pricing pressure in europe only.
Spirit117 on
Without reading an article attached to this, a global ban on exports from Russia seems stupid. Exports is about the only thing they actually make foreign cash on which they desperately need to finance their Ukraine war.
Are they banning global exports, including their biggest customer China? Seems like this would only serve to sour relationships between the 2 and also cost Russia a lot of money.
Or are they just banning normal exports to other countries that weren’t already sanctioning them?
that’s because two of their ports are presently burning through all the gas due to Ukrainian kinetic sanctions. Ukraine controls the flow of russian petrochemicals, not russia
No_Researcher_5642 on
April fools
AreaPrudent7191 on
Not sure why the freakout here – the ban is gasoline, not oil. So this shouldn’t have any effect at all on oil prices. I see nothing about Russia banning oil exports – the country would collapse the next day.
New_Discipline_1069 on
Nah, Russia can’t afford it.
James420May on
Gas, not oil. Russia lacking for internal use, they will ban exports to countries like Belarus
ButterscotchOk5339 on
Oh great, more rich dictators joining in on the friday after market close bomb scheme.
But I can live with this one if it means Ukraine has started to do real damage to Putler and his goons.
Ok-Adeptness6444 on
ARE YOU GOING TO HOLD OVER THE WEEKEND OR NOT?
toiletbowlwisdom on
This is chinas play to make everyone buy their cars
MuskoxWorks on
Gasoline doesn’t equal oil
Rift3N on
This is not about crude but benzine/petrol/gasoline/whatever you call it in your country. A type of refined petroleum, exports of which has been restricted by the Kremlin for years now. Little to no impact on global oil prices.
And yet this is legit, though I can’t link Russian sources here because automod nukes the entire comment. Google “запрет на экспорт бензина из России”.
Afraid-Place5234 on
maybe a bit too harsh here
shamblam117 on
We fucked
jankyt on
Just waiting for Trump to declare Ukraine a rogue state or enemy of America for causing high pump prices…if that happens the world just needs to close the laptop and call it quits
27 Comments
But Trump is going to give an economic speech! That’ll surely fix it.
Use a reputable source bro not whatever that social media post is.
US will pull out of Middle East next week
They are probably going to stick with their winter blend and won’t be able to sell it overseas.
MOSCOW, March 26 (Reuters) – Russian Deputy Prime Minister Alexander Novak said on Thursday that the country may re-introduce a gasoline export ban if necessary and that he will hold a meeting with oil companies on Friday to discuss the issue.
It exported almost 5 million metric tons, or around 117,120 barrels per day, of gasoline last year, according to industry sources.
Re introduce and low volumes will have minimal if any impact on the oil price.
Donald is going to get squeeze so hard, he will talk like a duck.
Sorry but who are these random twitter accounts and what do they know?
Ukraine is doing some damage!
If that’s the case they’re going to have a hard time profiting off the high prices.
Buy the tsx…
economic warfare 101. china and russia know global supply chains and energy markets are the most fragile point of our system and they are hitting them right where it hurts.
it’s smart game theory but a LOT of people (in every country, but especially in the global south and countries without ready access to hydrocarbons) are going to suffer
this is going to be bigger than covid by an order of magnitude, probably bigger than 2008, maybe bigger than 1929. this is going to bring down governments and the global economy. this is going to cause a liquidity crisis. (which is already starting in the weakest/least scrupulous parts of the market ie private equity/private credit).
this is going to blow up the global debt and derivatives markets. trillions and trillions of dollars are going to disappear so rapidly our heads will spin.
No it’s not. This is only affecting regional areas in eastern europe.
This is not going to be a price shock to the greater world. This will be pricing pressure in europe only.
Without reading an article attached to this, a global ban on exports from Russia seems stupid. Exports is about the only thing they actually make foreign cash on which they desperately need to finance their Ukraine war.
Are they banning global exports, including their biggest customer China? Seems like this would only serve to sour relationships between the 2 and also cost Russia a lot of money.
Or are they just banning normal exports to other countries that weren’t already sanctioning them?
Also, [Iran will continue to raise the price](https://themeridianews.com/article/iran-strikes-fuel-oil-price-surge-amid-wider-war-fears). boom 🚗🛢️⛽️
that’s because two of their ports are presently burning through all the gas due to Ukrainian kinetic sanctions. Ukraine controls the flow of russian petrochemicals, not russia
April fools
Not sure why the freakout here – the ban is gasoline, not oil. So this shouldn’t have any effect at all on oil prices. I see nothing about Russia banning oil exports – the country would collapse the next day.
Nah, Russia can’t afford it.
Gas, not oil. Russia lacking for internal use, they will ban exports to countries like Belarus
Oh great, more rich dictators joining in on the friday after market close bomb scheme.
But I can live with this one if it means Ukraine has started to do real damage to Putler and his goons.
ARE YOU GOING TO HOLD OVER THE WEEKEND OR NOT?
This is chinas play to make everyone buy their cars
Gasoline doesn’t equal oil
This is not about crude but benzine/petrol/gasoline/whatever you call it in your country. A type of refined petroleum, exports of which has been restricted by the Kremlin for years now. Little to no impact on global oil prices.
And yet this is legit, though I can’t link Russian sources here because automod nukes the entire comment. Google “запрет на экспорт бензина из России”.
maybe a bit too harsh here
We fucked
Just waiting for Trump to declare Ukraine a rogue state or enemy of America for causing high pump prices…if that happens the world just needs to close the laptop and call it quits