Varolyn t1_j81cv7n wrote on February 10, 2023 at 10:14 PM

Reply to comment by gaukonigshofen in Russia to Cut Oil Output in Response to Western Sanctions: Russia’s deputy prime minister said the country would reduce its oil production by about 5 percent, an announcement that sent the price of oil higher by DoremusJessup

But Russia really won’t benefit from this. Urals is still selling much lower than Brent or WTI and cutting oil production will only hurt their own revenues.

gaukonigshofen t1_j81oyof wrote on February 10, 2023 at 11:40 PM

actually they do benefit. not financially. increase cost to consumers and increase consumer frustration