Comments from Novak:
- Pressure on market to continue until OPEC+ deal in May
- Global oil market is in an extremely volatile condition
Classic Russian sense of humor. The thing is, a blow up in US oil companies would actually be bad for Russia. If that happens, the assets will be liquidated in bankruptcy and picked up by US majors like Exxon and Chevron, who will maximize them. If zombie companies are allowed to continue, those assets remain stranded and will operate at well-below capacity as they try to make debt payments.
