Michael Bernstam discusses the impact of Ukrainian drone strikes on the Russian oil market, noting that strikes on refineries and ports have forced Russia to export more crude oil at discounted prices instead of high-value refined products. Simultaneously

Season 8 Episode 938  ·  May 28, 12:56 AM
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Michael Bernstam discusses the impact of Ukrainian drone strikes on the Russian oil market, noting that strikes on refineries and ports have forced Russia to export more crude oil at discounted prices instead of high-value refined products. Simultaneously, U.S. oil production has hit record levels, significantly influencing global market prices. (9)
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Michael Bernstam examines the failure of Russia's Power of Siberia 2 pipeline deal, as Vladimir Putin left Beijing without securing the agreement while China shows no immediate need for the gas. Furthermore, China demanded to pay domestic Russian prices,
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