More boost to the oil MarketRussia announced today that as of March they will cut production by 550000bpd , will raise the discount price to India and China and these two countries can sell to the Europeans Russian oil at much higher prices from what they would had they bought the oil directly from Russia. But due to the sanctions and the cap on Russian oil by the EU they will have to pay much higher prices from these countries. The genius of the EU Economic planners at work here. For us who own oil stocks it is manna from heaven because the price of oil will go up. Cheers