Last time i heard about this was when USA started selling fuel from its strategic reserves in order the prices not to skyrocket. But it's been a while since. What is happening now? I really don't know...
Discussion
There was a temporary supply shock because of Covid causing them to reduce energy production, while printing money, followed immediately by Russia causing them to ramp up energy production and throttling the money printers, and now that's evened out and we're back to the impact of declining industry and an aging population lowering consumption per person.
I really don't know. For example here is a today's article from reuters which says something else as you see...
I'll have to search it and i am not in the mood right now. If you find more on this i am interested though...
>>Reuters calculations show Russia's projected April oil and gas revenue at 1.292 trillion roubles ($14 billion), up from 648 billion roubles in April 2023<<
Love how they leave the price in dollars out of the comparison data, even though the Ruble collapsed in that time. 🤦♀️
Got all the way above 100.
REVENUES IN RUBLES DOUBLED!!
(while ruble got cut in half)
Very good.
I thought that reuters is a western source so they wouldn't make tricks like that. Very good that you noticed that. Thanks. So far your explanation is the best then 👍
Probably just sloppy journalism. Seems to just be a translation of a Russian government press release.