Russian oil producers outperform global competitors on weaker ruble

[Mr.Cyan]

Another sign that the sanctions and attacks on Russia's economy just ain't workin...

http://www.rt.com/business/314793-russia-oil-companies-top/

The current tax system helps Russian oil producers feel confident in the global market, according to Lukoil’s CEO Vagit Alekperov in an interview with Russian business daily Vedomosti, adding that the company can plan its investments based on a break-even oil price of $24 per barrel.

At these costs, Russian Oil producers will start to leave their Western/Empire counterparts far behind...

 

[SeekinTruth]

Yup, the US shale racket, the Canadian tar sands, the Saudis, etc. are all in big trouble with the current oil prices. Seeing where the global economy is headed, demand is likely to go down further (except probably in China).