The Saudi crown prince will not attend the BRICS summit in Russia and will lower the oil price to US$50 a barrel. Russia’s revenue from oil exports will drop significantly.

14 comments

1. When your coalition is a bunch of untrustworthy nations the results aren’t going to be surprising. 

2. “Use dollars or we’ll let Israel bomb Iran into closing the strait of Hormuz” – US

3. They don’t seem to be thrilled with Russia developing closer ties to Iran.

4. The days of Saudi changing oil prices are coming to a close.

5. Good news for consumers. At least to the extent that the oil companies disgorge a fractional percentage of their gargantuan profits, that is.

6. Didn’t they commit a genocide in Yemen? Or did I dream that happened?

7. Fuck yes, let’s do it

8. well russian export of oil it is 15% of GDP, yeah it is significant but not critical, russia it is not communistic disaster economy, it is modern market economy for that reason russia will keep wars and dictatorship, russia in reality could live well even without trade with no one, it is probably only one country in world which could do this. Soo only one thing which couls stop Russia it is only if people inside russia find out as society that they havw no future and no reason for stay in dictatorship empire. Only minds of people. Require time and education, economic sanctions help but you need understand that economic sanctions alone cant stop russia, it should be millitary, economical, political pressure. But to be honest i am sure that in russia will be dictatorship as long dictatorship continue in China. If China fall or switch do Democracy, when in one year will fall Russia as well.

9. This will show Russia for sure! 🙄

10. How do you crash oil when you set the price?

11. Those saying that BRICS will rise are gonna be sorely disappointed… after 20 years, BRICS is dead in the water. Who would’ve thought that Russia China Brazil and India wouldn’t be able to work well together? 😅

12. Do it pussy

13. That’s what Putin gets for courting Iran for BRICS.

14. This does not add up. Saudi crown prince loves Putin and is not shy about it.