U.S. Sanctions Can’t Keep China From Buying Russian Oil

[Beast]

U.S. Sanctions Can’t Keep China From Buying Russian Oil | OilPrice.com

An increasing number of oil traders are shunning Russian oil at the moment, but with a ton of practical experience in circumventing sanctions, China isn’t giving up on Russian crude

oilprice.com

 

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Wonder if some 3rd party from the west will buy the Russian oil from China.

 

[Tshering22]

U.S. Sanctions Can’t Keep China From Buying Russian Oil | OilPrice.com

An increasing number of oil traders are shunning Russian oil at the moment, but with a ton of practical experience in circumventing sanctions, China isn’t giving up on Russian crude

oilprice.com

Russia is offering 25%+ of discounts on its oil contracts. Anyone outside NATO alliance would be crazy not to sign up. We are also preparing to secure our strategic reserves. Also, oil is not under sanction yet. It may be tomorrow, but most countries would defy it simply because of survival. CAATSA means squat for smaller, oil-dependent countries getting cheaper oil to generate power & run their countries.

Wonder if some 3rd party from the west will buy the Russian oil from China.

From the look of it, there's a growing pressure on US oil companies to increase output since OPEC+ have rejected US proposals to increase oil production so as to corner Russia.

 

[8888888888888]

From the look of it, there's a growing pressure on US oil companies to increase output since OPEC+ have rejected US proposals to increase oil production so as to corner Russia.

That would be shale oil which has environment issues when they do that in certain locations with people living in them.

 

[Tshering22]

That would be shale oil which has environment issues when they do that in certain locations with people living in them.

American governments don't give a damn about the environment. You know it and we know it. If they have to get something done, they will steamroll through it, citing national security laws.

 

[casual]

American governments don't give a damn about the environment. You know it and we know it. If they have to get something done, they will steamroll through it, citing national security laws.

Shell extraction is expensive and only makes sense if oil stays above $80. Last time they tried the oil price crashed right after and a bunch of people got burned. That's why there's so much reluctance to drill shell.

 

[Song Hong]

China trade surplus will be under duress.