Russia Cuts Oil Production - Huge Fall in Russian Income as Further 471,000 BPD Reduction Announced -Joe Blogs

[TexasTowelie]

Russia has announced a FURTHER cut of 471,000 Barrels Per Day in Oil Production for the first quarter of 2024 which is on top of the 500,000 BPD cut announced in April 2023. This announcement is part of wider cuts by OPE+ and comes at a bad time for Russia which needs to maximize the revenue it is earning to support spending on the War in Ukraine. In addition to this huge reduction in income Expenditure is continuing to increase due to the investment in the War, which means that the Russian Economy is now incurring massive LOSSES. In this video I provide more details of the current situation and discuss the problems that Russia is now facing.

Chapters:
0:00 Intro
3;29 PRODUCTION CUTS
5:50 RUSSIAN INCOME
9:40 PRODUCTION PROBLEMS?
14:14 DRONE ATTACKS
16:42 SUMMARY & CONCLUSION

[Nictuku]

1. Is this a ploy to help Trump?

Same question with the Saudi cut backs.