RUSSIAN Oil Disaster - Sales to India Fall in February as Price Caps Cause Documentation Problems
Joe Blogs
Mar 5, 2023
247K subscribers ... 22,766 views ... 2.7K likes
#UKRAINE #russia #pricecap
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RUSSIA is Cutting Oil Exports from its Western Ports by 650,000 Barrels Per Day due to a COLLAPSE in sales of Refined Products. This cut is in addition to the Production CUT of 500,000 Barrels Per Day from March announced in February 10th. The European Union introduced a Total Ban on the purchase of Russian Seaborn Crude Oil on 5th December and the purchase of Refined Products on 5th February. In addition to these Bans Price Caps were also introduced for each product on the same dates. Total direct income losses from the Bans and Caps will be over $90 Billion however the biggest issue that Russia now faces is PRODUCTION problems if it can't finds new markets for the lost sales to Europe. In this video I provide more details on the recent announcement, provide further information on the recent fall in sales, analyze the price of Russian Oil and discuss the future impact on Russia.
For specific details please check out the CHAPTER list below.
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Chapters:
- 0:00 Intro
- 1:38 SEABORN OIL EXPORTS
- 6:00 PIPELINE EXPORTS
- 8:11 OIL IMPORTERS
- 10:09 PRICE CAPS
- 12:19 INDIA
- 14:45 CHINA
- 16:03 RUSSIAN OIL REFINERIES
- 18:41 SUMMARY & CONCLUSION
#UKRAINE
#russia
#pricecap
#GLOBALFINANCIALCRISIS
#RUBLE
#SWIFT
#RECESSION
#CHINA
#USA
#NATO
#WW3
#WORLDWAR3
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