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The discount that China and India get compared to spot price for being the only customers must be substantial, though undisclosed, as far as I know. China and
by yostrovs 4y ago
The discount that China and India get compared to spot price for being the only customers must be substantial, though undisclosed, as far as I know.
China and India are winning here, while Russia is forced to accept low prices.
- chinathrow 4y agoRussia is also winning.
- Arnt 4y agoIf you define "winning" flexibly enough... If you sell oil at a price too low to recoup the investments in the production facilities, but high enough to bring in hard currency at a time when you really need hard currency, is that winning?