USA throws India under the bus again

muhammed45

muhammed45

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Reuters reports that India, the world's third-largest oil importer, will be forced to purchase more expensive oil for the remainder of the year.


While some Indian refineries were originally designed to process Iranian crude, New Delhi had ceased purchases from Tehran seven years ago due to U.S. sanctions—only to receive a shipment of 4 million barrels during a brief, thirty-day sanctions waiver amidst the conflict involving Iran.


Having lost access to Iranian oil, the country began purchasing Russian crude at significant discounts in 2022, eventually becoming the largest seaborne buyer of Russia's Urals grade.

However, trade sources now indicate that the conflict involving Iran has curtailed West Asian oil supplies to China; consequently, Beijing is purchasing more Russian oil—at higher prices—leaving some Indian refineries facing a shortfall in supplies from Moscow over the coming two months.

timesofindia.indiatimes.com

Indian imports of Russian crude oil to decline further amid lower exports, Chinese competition

Indian refiners expect Russian oil supplies to decline further in October and November, owing to lower exports and stiff competition from China, forcing the country to buy costlier alternatives for the rest of the year.
timesofindia.indiatimes.com timesofindia.indiatimes.com

With 80 percent of its energy needs met through imports, New Delhi must once again seek new oil sources, and traders report a shift toward more expensive alternative cargoes.
 
Source:
Multiple
muhammed45 said:
Beijing is purchasing more Russian oil—at higher prices—leaving some Indian refineries facing a shortfall in supplies from Moscow over the coming two months.
Click to expand...

If China is buying Russian oil at higher prices, then it's obvious India may switch to other cheaper sources

I don't think you understand demand and supply
 
Russian oil arrives in China via pipelines same as central asia so its a bit different. That oil in those oil fields can not be sold to anyone else as it only connects to china thru the pipelines.
 
Can always try to buy oil from the US if can't get from Russia and if India is willing to pay the American price, Trumpy will be very happy.
 
c14-Isotope said:
If China is buying Russian oil at higher prices, then it's obvious India may switch to other cheaper sources

I don't think you understand demand and supply
Click to expand...
What's that cheaper source ? Share with us , don't be a meanie.
 
mythbuster said:
What's that cheaper source ? Share with us , don't be a meanie.
Click to expand...
China is demanding russia sell oil to china the same price russia sells to own citizens. Even i think that is a little unfair

China is currently deadlocked in major pipeline and energy pricing negotiations with Russia because Beijing is demanding heavily discounted rates close to domestic market levels, according to reports from the Financial Times and Wall Street Journal. [1, 2]

📊 The Pricing Dispute
    • China's Demand: Pay near subsidized Russian domestic prices.
    • Russia's Goal: Use an international market-based pricing formula.
    • Stalled Project: The Power of Siberia 2 gas pipeline remains stuck.
    • Commitment: China refuses to buy full mandatory volumes. [1, 2, 3, 4]

💡 The Bargaining Power
    • China's Leverage: Beijing has diverse energy sources and renewables.
    • Russia's Need: Moscow lost its European market after the Ukraine invasion.
    • Funding Friction: Russia lacks cash to build the pipeline alone.
    • Risk Concerns: China wants Russia to pay upfront construction costs. [1, 2, 3]

🔎 Market Impact
    • Gas Deadlock: Talks have lasted over a decade without a final contract.
    • Seaborne Oil: Chinese refiners still buy discounted Russian crude oil when profitable.
    • Political Shift: Analysts state Moscow acts as the junior partner in the energy relationship. [1, 2, 3, 4, 5]
 
muhammed45 said:
Reuters reports that India, the world's third-largest oil importer, will be forced to purchase more expensive oil for the remainder of the year.


While some Indian refineries were originally designed to process Iranian crude, New Delhi had ceased purchases from Tehran seven years ago due to U.S. sanctions—only to receive a shipment of 4 million barrels during a brief, thirty-day sanctions waiver amidst the conflict involving Iran.


Having lost access to Iranian oil, the country began purchasing Russian crude at significant discounts in 2022, eventually becoming the largest seaborne buyer of Russia's Urals grade.

However, trade sources now indicate that the conflict involving Iran has curtailed West Asian oil supplies to China; consequently, Beijing is purchasing more Russian oil—at higher prices—leaving some Indian refineries facing a shortfall in supplies from Moscow over the coming two months.

timesofindia.indiatimes.com

Indian imports of Russian crude oil to decline further amid lower exports, Chinese competition

Indian refiners expect Russian oil supplies to decline further in October and November, owing to lower exports and stiff competition from China, forcing the country to buy costlier alternatives for the rest of the year.
timesofindia.indiatimes.com timesofindia.indiatimes.com

With 80 percent of its energy needs met through imports, New Delhi must once again seek new oil sources, and traders report a shift toward more expensive alternative cargoes.
Click to expand...
The British are the biggest troublemakers in the world today! Reuters and the BBC are its biggest henchmen!

From a strategic standpoint, this approach by the UK is correct and best serves its own interests: since it no longer has the power to shape the world, the best course of action is to throw that world into chaos.

Sadly, there are a great many "fools" in other parts of the world who unquestioningly believe their rhetoric and willingly serve as their lackeys.
 
retaxis said:
China is demanding russia sell oil to china the same price russia sells to own citizens. Even i think that is a little unfair

China is currently deadlocked in major pipeline and energy pricing negotiations with Russia because Beijing is demanding heavily discounted rates close to domestic market levels, according to reports from the Financial Times and Wall Street Journal. [1, 2]

📊 The Pricing Dispute
    • China's Demand: Pay near subsidized Russian domestic prices.
    • Russia's Goal: Use an international market-based pricing formula.
    • Stalled Project: The Power of Siberia 2 gas pipeline remains stuck.
    • Commitment: China refuses to buy full mandatory volumes. [1, 2, 3, 4]

💡 The Bargaining Power
    • China's Leverage: Beijing has diverse energy sources and renewables.
    • Russia's Need: Moscow lost its European market after the Ukraine invasion.
    • Funding Friction: Russia lacks cash to build the pipeline alone.
    • Risk Concerns: China wants Russia to pay upfront construction costs. [1, 2, 3]

🔎 Market Impact
    • Gas Deadlock: Talks have lasted over a decade without a final contract.
    • Seaborne Oil: Chinese refiners still buy discounted Russian crude oil when profitable.
    • Political Shift: Analysts state Moscow acts as the junior partner in the energy relationship. [1, 2, 3, 4, 5]
Click to expand...
China is thinking ahead of time ...once the gulf crisis is over there will be an oil glut and prices may tumble down to below 50 dollars a barrel.
 
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