Sticking it to Russia - oil

| No Comments

Russia is a cash-poor nation. Their only real source of hard currency is their oil exports to Europe. From Marine Link:

U.S. Oil Makes it to Ukraine, a blow to Moscow
U.S. crude exports are gaining traction in Europe as even Ukraine turns into a significant consumer of American barrels at the expense of Russian supplies amid heightened U.S. political pressure on Moscow and problems over contaminated Russian oil.

Ukraine this month received its first ever barrels from the United States, according to Refinitiv Eikon flows data, as the tanker Wisdom Venture unloaded 80,000 tonnes of Bakken crude in Odessa on July 6 for the Kremenchug refinery, the port said.

Russia often struggles to export oil from the Black Sea via the narrow Turkish Bosphorus and Dardanelles straits due to congestion, making the arrival of the U.S. crude into the Black Sea from the Mediterranean even more extraordinary.

The oil was sold by BP to Ukrtatnafta, sources said, adding Ukrtatnafta will receive a further similar amount of U.S. crude around July 24, and more purchases were likely in August.

Yeah - President Trump and Vladimir Putin were in collusion. Riiiiggghhhhtttt... Trump is drinking Vlad's milkshake and there is not a thing that Pooty-poot can do about it.

Leave a comment

March 2023

Sun Mon Tue Wed Thu Fri Sat
      1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30 31  

About this Entry

This page contains a single entry by DaveH published on July 14, 2019 9:07 PM.

A fun day - Highland Games was the previous entry in this blog.

Another shake is the next entry in this blog.

Find recent content on the main index or look in the archives to find all content.

Monthly Archives

Pages

OpenID accepted here Learn more about OpenID
Powered by Movable Type 5.2.9