>>514184049
https://finance.yahoo.com/news/russian-gazprom-suffered-losses-nearly-234941148.html

Gazprom has had the biggest losses in 25 years recently.
If you think about it, the gas market is mostly regional. Once they lost the biggest customer, Europe, they could not sell more to other neighbours. They barely managed to make one single pipe operational with China. And they don't have the capacity to process so much LNG to compensate. So they've been losing big on gas sales.
Oil has been somewhat better but even there, their customers are poorer less developed BRICshits. China demanded to buy oil at production costs lmao. They absolutely humiliated Russia. And India buys discounted oil. Overall their revenue from oil has also decreased and gas is even worse.

So what they did was try to flood the market and managed to piss off the Saudis, which is why the arabs started increasing production and ... prices have been going down, up, down, up, wobbling a lot lately around $65 for Brent crude reference index.