₦airaland Forum

Saudi Arabia Increases Import Of Russian Oil (Photos)

🇷🇺 Russia's seaborne exports of fuel oil and vacuum gasoil to Saudi Arabia jumped 18% in March from February to 1 million metric ​tons as soaring oil prices driven by the Iran war reshaped flows, ‌data from traders and LSEG showed.

Saudi Arabia has emerged as a key export destination, stepping up purchases of Russian fuel oil to supply its power sector, allowing ​the kingdom to preserve valuable crude that would otherwise be burned ​for electricity.

Fuel oil and VGO shipments from Russian ports to ⁠Saudi Arabia typically rise in summer as air-conditioning demand increases. March's surge ​was amplified by a tightening crude market and a sharp oil price rally ​as the Middle East conflict escalated, as well as a temporary waiver on U.S. sanctions on Russian oil products.

Since the European Union's full embargo on Russian oil products took effect ​in February 2023, Middle Eastern and Asian countries have become the main ​outlets for Russia's fuel oil and VGO.

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🔗 PRM || Reuters

👍🏻Like for Russia-Putin, share for USA/Nazi/NATO 卍

Saudi is an oil giant so why import from Russia. Something fishy cooking there.

Geopolitics.
Saudi is sending signal here to USA.
You couldn't protect us so it's time to look st the Russians

It doesn't make economic sense for a country to be a producer and still be an import consumer of the same product it produces.

Saudi Arabia the Hippocrate

Is the war Iranian war? Oga go and correct yasef.

Disturbing news. Is like Nigeria importing Ghana cocoa.

Dokitto001:
Geopolitics.
Saudi is sending signal here to USA.
You couldn't protect us so it's time to look st the Russians

hmmm
According to your oshodi under bridge intelligence.

The orange man from American has really spoilt many things worldwide. 2 faced Saudi Arabia importing from sanctioned Russia

Saudi buying oil from Russia is not really clear ......

opalu:
It doesn't make economic sense for a country to be a producer and still be an import consumer of the same product it produces.

Hmmmmm

Are you an economist?


To a layman and with common sense 1/0 should be equals to 1 but the mathematicians will tell you No.

This is what differentiate common sense from KNOWLEDGE.

You just used common sense not knowledge.
Unfortunately,most Nigerians judge government activities,law and economy with common sense!

opalu:
It doesn't make economic sense for a country to be a producer and still be an import consumer of the same product it produces.

Saudi also got customers to sell to and also demand from within..no country can do both at once. You must import to balance

Can they just leave this oil thing and find another means .. Seems these oil blessed nations have one thing in common. See Saudi just like Nigeria. You get source ,yet you still go importing

karzyharsky:
Saudi buying oil from Russia is not really clear ......

They do that even before the war...they only increased the amount now

E hook dem for throat now, Dem rush release the embargo on Russian products so they too go take some.

Even the US is eyeing Russian oil now.

Smh

CodeTemplar:
Saudi is an oil giant so why import from Russia. Something fishy cooking there.

US nkọ?
US keeps exporting so much yet imports so much as well. The major reason is both technical and economical

FreeStuffsNG:
US nkọ?
US keeps exporting so much yet imports so much as well. The major reason is both technical and economical

i am not suppose to be seeing your post. Who unblocked it for you? FreePropagandaNG

Sadly, the US and Russia yet again has succeeded in messing up the middle like they have always done.

The biggest winners from Donald Trumps lunacy are China and Russia!

Canada and EU countries not drifting towards China and establishing trade relations.

Russia now selling formerly sanctioned oil at twice the price!

When someone said China will nail the coffin of the US without firing a single shot, you did believe it’s impossible but with a person like Trump, the possibilities are limitless.

I don't really understand all these import anymore.

Russia with abundant oil and gas that they use to feed many European countries will be buying oil from Iran...

Saudi Arabia with enormous that they export to different countries of the world will also be buying oil from Russia...

What are you people not telling us?

Good one from both countries.

Good one from both countries.
Trade is a key factor to growth

opalu:
It doesn't make economic sense for a country to be a producer and still be an import consumer of the same product it produces.

Your uuselss country is doing it, you no see priblem with am, then another country is doing it, you cone thinknsay na magic dey happen? Abi u don forget say ur country sef dey import?