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4 Pages

Oil price fall hits the Russian state but not production.


Oil price fall hits the Russian state but not production.

Report summary

 The Russian state is hit first and hardest by falling oil prices, which are down 30% on July’s prices. The state loses over US$2.2 billion per US$1/bbl fall in the Urals price on an annual basis. Upstream producers, however, have been protected by the nearly 40% Rouble depreciation since the beginning of the year.
Attached, is a model to show the impact of varying exchange rates on producers with Rouble cost bases.

What's included?

This report includes 2 file(s)

  • Oil price fall hits the Russian state but not production. PDF - 291.19 KB 4 Pages, 0 Tables, 2 Figures
  • Oil Prices.xls XLS - 121.50 KB

Description

This Upstream Oil and Gas Insight report highlights the key issues surrounding this topic, and draws out the key implications for those involved.

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  • Oil price fall hits the Russian state but not production
  • The state loses the most
  • The Rouble devaluation has helped upstream producers
  • However in times of fluctuating oil prices the situation is less comfortable
  • Impact on onstream but high cost projects?
  • The companies lose slower than the state
    • Upstream producers exchange rate model

In this report there are 2 tables or charts, including:

  • Oil price fall hits the Russian state but not production
  • The state loses the most
    • Oil price fall hits the Russian state but not production.: Image 1
  • The Rouble devaluation has helped upstream producers
    • Oil price fall hits the Russian state but not production.: Image 2
  • However in times of fluctuating oil prices the situation is less comfortable
  • Impact on onstream but high cost projects?
  • The companies lose slower than the state
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