Poland bets on Russian oil again

Prices of oil won't be going back up to where they were in this decade so get use to it.

Proving my point, Johnny. Poland has just signed a deal with Russia that commits to paying Russia significantly more than the market price.

1 link a day keeps the bullshyt away.

defence24.com/288871,spectacular-compromise-on-the-part-of-the-russians-new-agreement-between-orlen-and-rosneft

I'm asking for the price per barrel, not some random article that doesn't give such facts.

Seems that you're rather reluctant to admit that this new deal is rather unfavourable.

If $45/b is correct thats a bloody great forward price as most investment banks have an average price if 55 for 2016 and 62 for 2017. Dont forget future oil price contracts are much higher than current prices.

You are either totally clueless or really get paid for all of this.

Or I simply think that PiS are very much in the act of supporting Russia through unfavourable contracts.

No wonder you were so hostile to PO, as they were very much against Russian interests.

Oil closed today just under $33 USD per barrel.

"Or I simply think that PiS are very much in the act of supporting Russia through unfavourable contracts. " wow there's a conspiracy theory. we will have to see if any backhanders come to light in the future.

And Poland signed a deal at a much higher price.

Johnny, does the United States export oil?


They almost certainly will.

Yes, they just shipped out their first oil tanker this year after a seven year freeze on exporting it.

New Polish government is wise and plus works for Poland. It makes great economical and Geo-strategic moves.

7.14 barrels per metric tonne.

The price paid is $36-50 dollars per barrel.

Forward price is below 50 up to 2019.

cmegroup.com/trading/energy/crude-oil/light-sweet-crude.html

The devil is in the detail, we don't know if Poland pays more or less than the market price.

The article linked by Grzegorz clearly states that:


Let's suppose that unlike some persons with sudden interest in stuff like oil business in this part of world, the author of the article does not express lucky random assertions

The author quotes Energetyka24.com , which is a sister web site. Orlen sponsors it.

Russians are in no position to make demands, just look at the rouble. Poland has got a good deal. As I said future prices are alway higher and when demands picks up in the next couple of years, future prices will be $60-80. Eitherway, it makes sense to do deals when there is a glut of oil and global demand low as it will eventually pick up and when it does, the pricewill rise quickly given falling investment and rigs opertaional. As a side point, with low oil prices, USA hits two birds with one stone, Russia and the Saudis.

it's first hand information then, which I see no reason to doubt. Express your concerns and worries.

New Polish government attempts to far better balance between global powers then the previous one. It means that new government have Polish interests on its heart. Its not only smart but also brave.

Did you watch the Borys Malaguski's film entitled the weight of chains?

So there's a very good possibility that Poland has overpaid the Russians, just like I suggested.


Ah, so of course it's presenting a government-friendly point of view. All very obvious.

Dude, you can't even understand that the current market price per barrel on the markets and actual deliveries with costs of transport and x other things included, are much different things. What a joke.

No, the only joke is that PiS have signed a deal with Russia that provides a well-needed shot in the arm for the Russian budget.

Regardless of how you look at it, PiS are proving that they're all about Russian interests.

We feel then very much expertly guided through all foreign matters by your strongly opinionated views. Can you prove that you are right?

Absolutely not, they are guess work. Future prices can be lower than now, look at the situation with oil.

yes. All what is described there is what can easily happen to Poland.

God, what they done to my country, in the middle of Europe, just to make them profit

Ye have heard that it was said by them of old time that those sharks will eat us one by one but I say unto you that at last the children of the Devil will not inherit the Earth.

Future prices are always higher versus current. As the future month draws nearer so does the price move lower towards the current price, until the future price becomes the current month. That is the cost of holding a future month contract.

Not quite, there exist some mathematical methods for trend prediction with some probability and economists apply such statistical techniques in predicting future economic trends. So it is not a random guess . Anyway, I suspect that future contracts are a wide spread practice in the world.

BTW, Isolated Russia, isn't it your dream ?

Sounds like "the bible" for investors.

Knows his stuff this investa fella.