46XiJCAB
New Fish
Looks like India had one big month.
I hate citing CNN but this article seems fine - it's about crude imports
https://www.cnn.com/2023/03/28/energy/eu-us-oil-imports-overtake-russia/index.html
"Russia has found new buyers for its oil keen to snap up barrels at a steep discount — Moscow’s Urals crude is currently trading at $54 a barrel, compared with $78 a barrel for Brent crude, the global benchmark.
[/b]
India and China, in particular, have ramped up oil imports from Russia since the invasion of Ukraine.
Russian Energy Minister Nikolai Shulginov said Tuesday that Moscow had successfully rerouted the “entire volume” of exports of crude oil and oil products lost due to Western sanctions, according to comments reported by TASS, a Russian state-owned news agency. Yet the ministry expects Russian oil and gas production to fall this year, with gas extraction hit by the lack of European buyers, he said."
sounds like Putin is a genius again!
WTI (West Texas Intermediate from the sweet crude of the Permian Basin) is the standard in the US. Brent crude is a global measure
WTI used to be more expensive than Brent. But good old USA ingenuity and know how (fracking) flopped that. So the quality of the petroleum is better and cheaper when produced in the US. And no fucking potential for oil spills at sea.
The spread between WTI and Brent gets larger when there is geopolitical uncertainty.
WTI dropped below $70. So still way fucking more than Putin's cheap ass sludge but that's because the market is fucked up (Thanks, Cho Bai Den).
Oil price superiority guy - every board has one.
So to recap. Joey has forced the world to buy shitting sludge from Puty which is bad for the environment and enriches the dictator. Liberal mental illness in action.