Russian oil costs cheaper than $ 35

Sprink quotes of Russian oil Urals with delivery in Rotterdam decreased by 14.5 percent to 35.6 dollars per barrel; At the port of August, 16.2 percent to $ 34.9 fell, the Vedomosti reports. The last time Urals cost less than $ 35 in July 2004.

At the same time, a poor conjuncture in oil markets capable of depriving Russia of its reserve fund. According to the estimates of the publication, at an average annual price of $ 30 per barrel, the budget will not receive 3.5 trillion rubles, which is comparable to the size of the reserve fund, which was 3.7 trillion dollars on December 1. Thus, the reserve fund can completely go to finance budget expenditures.

At the same time, the publication notes that a sharp decrease in prices is fraught with direct losses for Russian oil industry workers. Companies are already reviewing plans for next year. So, Rosneft in 2009 plans a budget based on a price of $ 50 per barrel; The pessimistic scenario of Lukoil and Gazprom provides for a price of $ 45.

The income of oil workers began to fall in the III quarter: the net profit of Rosneft decreased by 18.6 percent. According to the Central Dispatch of the Fuel and Energy Complex, oil exports to the far abroad in November fell 16 percent in annual calculus.

Prime Minister Vladimir Putin during a direct line last week admitted that the export of each ton of oil now brings oil workers $ 68 of a loss. At the same time, the current price has already increased these losses to $ 140 per ton.