Insight
Oil price fall hits the Russian state but not production.
This report is currently unavailable
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
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.
Table of contents
- 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
Tables and charts
This report includes the following images and tables:
-
Oil price fall hits the Russian state but not production.: Image 1Oil price fall hits the Russian state but not production.: Image 2
What's included
This report contains:
Other reports you may be interested in
Country Report
Russian Federation upstream summary
Russia is one of the top oil producers in the world, alongside Saudi Arabia and the US. It has the world's largest volume of gas ...
$11,340
Asset Report
Orion (Prudhoe Bay Unit)
The Orion field is a northwest satellite of the Prudhoe Bay field and began production in 2002. The field is being developed as a ...
$3,720
Asset Report
Aurora (Prudhoe Bay Unit)
The Aurora field is a satellite accumulation of the Prudhoe Bay field that produces primarily from the Kuparuk River formation. ARCO ...
$3,720
