Putin's War Fueled by $285 Billion in Russian Oil, Gas

The video discusses Russia's oil and gas revenue amidst global sanctions, highlighting that despite some countries halting energy purchases, Russia is expected to earn $285 billion this year. The impact of sanctions is analyzed, noting that while they won't reduce Russia's earnings to zero, they will affect export routes and costs. The roles of China and India in the oil market are explored, emphasizing the logistical challenges of shipping oil and LNG. Finally, the video examines OPEC's potential response to exempting Russia from production deals, considering the constraints on Russian production and the implications for other OPEC members.

What discounts is Russia currently offering on its oil exports?

What does exempting Russia from OPEC production deals imply for its oil production?