BREAKING: Russia Halts All Exports of Gasoline and Diesel. Potentially huge preparations for WW3?
(citizenwatchreport.com)
FIFTH GEN WW3
You're viewing a single comment thread. View all comments, or full comment thread.
Comments (75)
sorted by:
I dont know why they would halt all of it. India and China are on their side. Also things have been strangely quietin yhe Ukraine front for a while. Someone trying to make it top news again?
I follow Russia's activities closely through Telegram and also checked RT. There is nothing about stopping gasoline or diesel.
Here is the Bloomberg link: www.bloomberg.com/news/articles/2023-09-21/russia-temporarily-limits-diesel-and-gasoline-exports?
*Russia temporarily banned exports of diesel in a bid to stabilize domestic supplies, driving European prices higher in already tight global fuel markets.
So far this year, Russia was the world’s single biggest seaborne exporter of diesel-type fuel, narrowly ahead of the US, according to Vortexa data compiled by Bloomberg. The country shipped more than 1 million barrels a day during January to mid-September, with Turkey, Brazil and Saudi Arabia being among the main destinations.
The ban, which also applies to gasoline, comes into force on Sept. 21, and doesn’t have a final date, according to the government decree.*
Update: Now RT has it: https://www.rt.com/business/583355-russia-restricts-fuel-exports/
I wonder why Saudi Arabia is buying fuel from Russia.
It allows them to sell more to Europe etc. from their own supplies. It is a way of getting Russian oil to other markets in spite of the sanctions. The Saudis charge a premium and the oil flows to whoever will pay.
"tight global fuel markets" I think is the key - between this and OPEC cutting productions, get ready for $5 gasoline again, possibly higher. Inflation is headed back up for election year.
Even more inflation if the war spreads to Europe etc. It is a good strategic move to start keeping more of the refined fuel at home to prepare for disruptions. That's why we have the strategic oil reserve - or at least we used to before Biden sold most of it off.
Not to mention Putin offered Modi oil at appx half price if they paid in rubles. Of course, Modi accepted and did not join the sanction band-wagon as a result.