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2023-02-08 Caucasus/Russia/Central Asia
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Oil prepares to disappoint the West
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Direct Translation via Google Translate. Edited.
by Sergey Savchuk
[RIA] The fifth of February is nothing special in the calendar, but for the world energy market this day has become another not the most pleasant milestone in history. It was on this day that the sixth package of EU sanctions against the Russian oil industry began to operate. After almost a year of internal squabbling, behind-the-scenes fuss and a fight against common sense, Europe introduced a complete ban on the import of not only Russian oil, but also products of its processing. However, the unfriendly citizens did not have time to finish reading this news, as the joy was replaced by the usual disappointment.
At the same time, a meeting of representatives of oil-producing countries was held in Saudi Arabia . Behind the scenes, representatives of Goldman Sachs , one of the world's largest investment banks, were actively negotiating behind the scenes with the participants and published a forecast that was extremely disappointing for the Western world. The participants of the meeting and market analysts are practically sure that in just a month, that is, already in the second quarter, the world oil market will face a painful deficit.
It is connected with a complex of factors, where the NWO, anti-Russian sanctions and the reactively soaring demand for oil in India and China are heavily involved.. In addition, the past year was marked by a sharp decline in investment in the exploration of new fields and production at existing ones. That is why, although during 2021 Brent oil was traded on average within the range of $75-80 per barrel, experts expect the price to rise to $100 or more.
It's funny how people, who decide the fate of the world without exaggeration, are squeezed into the framework of a merciless Western agenda and are afraid to call a spade a spade. Goldman Sachs sources, echoed by the Saudi energy minister, are afraid to say bluntly that the global underfunding of the industry as a whole is due to a suicidal attempt to wrest Russia , one of the largest exporters, from established supply chains, as well as the ongoing sabbat around renewable sources.
Hundreds of billions of dollars have already been pumped into this pit, but the return is scanty, unreliable, which is iron proof of record numbers in utility bills and the constantly growing volume of imports of coal, oil and gas to the EU and the UK.
As for Russia, just last week the American analytical company Wood Mackenzie warned Western politicians that it is not worth counting on the collapse of the Russian economy as a result of sanctions. The sale of Russian crude oil will bring at least a small, but profit, even at a price level of $30 per barrel. The bar of 70-80 dollars, taking into account the discount from the forecast price of Brent, will completely fill Moscow 's financial bins.
It should be added here that the US forced the EU to impose a total embargo on Russian oil and oil products, although they were well aware of the dependence of the Old World in the amount of twenty percent. This is the share of our domestic diesel, kerosene and fuel oil in the consumption structure of Europe, that is, every fifth gallon or liter traces its lineage to the snowy wastelands of the Russian North. What will fill the hole below the energy waterline, no one can say yet. However, simultaneously with the speech of Abdulaziz bin Salman, prices for Saudi oil went up. It is reported that the most popular Arab Light brand for buyers in Asia and Europe instantly rose in price by two dollars.
Characteristically, for US importers, the cost rose by only thirty cents.
We would like to draw the attention of readers: we operate with data and opinions from sources extremely unfriendly to our country, so as not to be accused of bias.
The difference in price fluctuations reflects the global geopolitical trend. The American Bloomberg writes that the sanctions and price ceilings introduced by the stream will not be able to kill the supply of Russian oil products to Europe. At this point in history, that is, a year after the start of the NWO, the EU still needs 600,000 barrels per day of diesel fuel alone, excluding other processed products. The main buyers until February 5 were expectedly Germany, France, Greece and the Netherlands, which from now on have assumed voluntary obligations to tighten their belts.
Much has been said that it will be difficult for Europeans to find alternative suppliers of the same scale. The fact that the Western economy did not collapse during the cold weather and sanctions gives skeptics a reason to scoff — they say, they did just fine without Russian supplies.
This seems to be an amazing and wonderful truth, if you do not know who exactly replaced Russian companies in the export market. These are China and India, which have multiplied their purchases of Russian raw materials and have been selling oil products allegedly of their own production without blinking an eye for almost half a year.
The bitter sarcasm for Europe lies in the fact that its American friends, while demanding radical measures, do not even think of giving up Russian imports themselves. The same Bloomberg reports that the city of New York daily buys a record 90 thousand barrels of gasoline and diesel straight from India. Moreover, according to the Kpler agency for January and February, that is, when Washington pressed Brussels for a complete embargo, the volume of fuel imports supposedly from India doubled.
It is these processes that determine the difference in the rise in the price of Saudi crude oil - for the Americans, who will use black gold for domestic needs, and for the Asian countries, which will process it at their own refineries and send it back to Europe, not forgetting to fasten selfish interest.
In the dashing nineties, a saying was popular among Russian criminals that a fool pays twice, and a sucker always pays. The overseas descendants of Al Capone and John Dillinger are obviously well acquainted with her, but apparently not their European friends, pampered by decades of a satisfying life on Russian supplies.
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Posted by badanov 2023-02-08 00:00||
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Posted by Abu Uluque 2023-02-08 12:43||
2023-02-08 12:43||
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