Michael Kern – Oil Price.com April 14, 2023
Russia’s crude oil and refined product exports surged in March to the highest level since April 2020, as fuel exports jumped, bringing $1 billion more to Putin’s oil revenues last month compared to February, the International Energy Agency (IEA) said on Friday.
Russian crude and product exports increased in March by 600,000 barrels per day (bpd), reaching 8.1 million bpd, the highest oil export levels from Russia in three years, the IEA said in its closely-watched Oil Market Report today.
A jump in product shipments accounted for most of the growth in export volumes, as product flows rebounded to levels last seen before Russia invaded Ukraine in February 2022.
Russia’s fuel exports jumped by 450,000 bpd to 3.1 million bpd, the IEA said.
Oil export revenues are estimated to have rebounded by $1 billion from February levels to $12.7 billion in March. Yet, revenues were still 43% lower than a year ago due to the lower international prices and the wide discounts at which Russian oil trades relative to international benchmarks.
Russia has said it would reduce its oil production by 500,000 bpd until the end of the year. This week, Russia claimed it had cut its production by 700,000 bpd in March.
Tanker-tracking firms and analysts have said that Russia seems to have managed to divert a lot of its crude and fuel exports away from the EU and onto Asia, Africa, and Latin America.
The bulk of Russia’s crude is now going to China and India, while Africa and Latin America have become major outlets for Russia’s gasoline and diesel exports.
So far, tanker tracking suggests that Russia has been relatively successful in placing most of its fuels in markets other than Europe, even though Moscow has been forced to divert cargoes to distant markets to maintain export volumes, Gibson Shipbrokers said in a market report a month after the EU embargo on Russian fuels came into effect on February 5.
“However, much depends on Russia’s export strategy and ability to maintain refining runs and Western Governments’ willingness to allow Russian products to be rebranded and re-exported overseas,” Gibson noted.
Yep, oil travels further than ever before, then it goes back to the EU afters its been ‘laundered’.
If I remember correctly, one well known YouTuber states that UKraine is still buying Russian oil, so long as its in US dollars, and then Putin obliterates said oil with missiles. lol
Blahblahblah.
The ThickoWest, whose mouthpiece is the BBC (it boasts about being The First, about how the World Service is THE Voice of Freedom in vast geographical areas etc – so I am promoting it to the level of its own entirely unjustified self-regard so that its tax- funded Woke Lie-Operation becomes the first target of the coming Revolution against the MSM) are promoting China as the Big New Enemy.
Not only is the ThickoWest not applying any restrictions to the vast importation of Consumer Goods by which it is enriching its Big New Enemy (whose annexation of Tibet it was happy to endorse), it is enabling China to power itself even further with vast reserves of exceedingly cheap Russian Oil.
One of the most disgusting things I have seen RECENTLY on BBC News was its ludicrously elegiac coverage of Warmonger Joe Biden’s visit to Ireland, disguised as a News Story.
When the BBC did get around to showing actual footage of Biden in Ireland, even the few seconds of what must have been edited from hours of footage to show him at his best showed what was unquestionably a heavily medicated old man in the advanced stages of senility, with the pitiful helpless shuffle and the terrified weak smile of the frightened absent-minded.
The cruelty and stupidity of the Woke-Mindset that has been put into place to carry out the Satanic ambitions of the Globalists has revealed itself ( ‘for the purposes of demonstration’ as Les would say) in the endorsement of an obviously naked Emperor whose nakedness makes their agenda-driven imposition of False Narrative look nastier, crueller and stupider with every passing day.
‘Oil’ second that – geddit? Like ‘I’ll’ ,but I’m saying – oh never mind – 😕
The US wants Russia back in the SWIFT payments system to counter BRICS now the dollar is struggling. As if it’ll do that. Russia is a friend to those countries and a straight dealer to all. It will not dump on its friends to help a country that is dumping on it right now and has dumped on them all. Let it go broke, the whole world needs to see that.
https://www.youtube.com/watch?v=40FIq7Yl5CY
What’s seemingly impossible for many to grasp is that oil is actually limitless.It replenishes continuously and has zero connections to decaying dinosaur matter.The scarcity lie was of course pulled by the Rockefeller satanic mafia,having first seized the monopoly a century ago.Their crimes are extensive,a gang of cancerous entities in urgent need of surgical removal.Forget ‘Nazis’ Mr Jones ? aim a little higher.
the russian people are now busy + creative
like the chinese + like the germans were once
between 1948-95 . blessed they are !
I realy enjoy the incapablity of our young “last
generation” politicians of left-green-liberals
easy inheriting the hard earned houses of their
fathers and now sending germany into the abyss .
atom stop, oil stop, coal stop, CO2 stop, gas stop,
more war, more invaders, more islam, more jew ass
licking, more crime, more political crazyness !
As I stated many months ago the ‘sanctions’ are fictitious.
Russia = ZOG
USA/NATO = ZOG
Both managed by the same semitic central bankers & rabbis pretending to be ‘enemies’ to decimate more white gentiles.
Unfortunately “Nico X” is probably correct…..
If Russia hasn’t completed its takeover by this European summer,he IS correct….