Washington-Sana
The American Bloomberg website confirmed that the volume of Russian oil production and its prices in the markets indicate that Russia has defeated the West in the global oil market, and this is quite clear in all financial indicators.
The website indicated, in the context of an article by the writer Javier Blas, that the first evidence of Russia’s victory in this confrontation is the situation related to the volume of Russian oil production. This figure returned to the level of the beginning of the year approximately last month, ie an average of 10.8 million barrels per day, which is slightly less than 11 million barrels. last February.
The website indicated that last July was the third consecutive month of recovery in oil production in Russia, indicating that the second evidence of Russia's victory in the energy war is the price of Russian oil in the global market. At first, Moscow was forced to sell oil at huge discounts, but in recent weeks it regained the possibility of raising Prices by taking advantage of the limited supply in the market.
The website pointed out that the measure of Russia's recent success is a political measure related to the nature of the market, indicating that Western sanctions against Moscow in the field of energy are not working at the present time.
The site warned that when European sanctions on Russian oil exports enter into force next November, the governments of the countries that imposed these sanctions will face a difficult choice because the energy crisis will begin to affect consumers and industrial companies, noting that the cold weather with the sharp increase in demand for electricity and inflation Later this year may undermine Western support for Ukraine.
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