Saudi Arabia Increases Import Of Russian Oil (Photos) - Foreign Affairs (2)

Saudi Arabia Increases Import Of Russian Oil (Photos) - Foreign Affairs (2) - Nairaland

Nairaland Forum › Nairaland General › Politics › Foreign Affairs › Saudi Arabia Increases Import Of Russian Oil (Photos) (10363 Views)

Poll: Should Nigeria buy cheap Russian oil to reduce fuel prices?

Yes 79% (90 votes)

No 20% (23 votes)

This poll has ended

1 2 Reply (Go Down)

Re: Saudi Arabia Increases Import Of Russian Oil (Photos) by olarent: 7:55pm On Apr 29

that is common sense,their is what will call balance of trades and balance of payment.Now Russia under section we sell far less for Saudi Arabia which will bring more profit to Saudi than produce from their side.

LabStores:
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?

Re: Saudi Arabia Increases Import Of Russian Oil (Photos) by hakeemhakeem(m): 8:08pm On Apr 29

What Saudi Arabia is doing called Comparative advantage,they bought from Russia oil at a very cheap rate and probably resell to others just like India doing by selling to Europe

Re: Saudi Arabia Increases Import Of Russian Oil (Photos) by tnerro1(m): 8:10pm On Apr 29

Incase una no know, fuel is now 1,440.

If you go press for APC for this election, make calamity follow you dey go ooooo

Re: Saudi Arabia Increases Import Of Russian Oil (Photos) by Kobojunkie: 8:19pm On Apr 29

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

Saudi Arabia imports discounted Russian fuel oil primarily to fuel its domestic power plants during high-demand summer months, allowing the kingdom to export more of its own premium crude oil at higher international prices. This strategic move maximizes profit, maintains internal energy needs, and leverages cheap, sanctioned fuel while preserving local resources.

1 Like

Re: Saudi Arabia Increases Import Of Russian Oil (Photos) by DeepSight(m): 8:25pm On Apr 29

Basilico

Re: Saudi Arabia Increases Import Of Russian Oil (Photos) by Guyman02: 8:41pm On Apr 29

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

Europe imposed sanctions on Russia which now sells its oil much cheaper, Saudi Arabia buys cheap Russian oil, ships it to Saudi Arabia, mixes it with Saudi oil and it becomes Saudi crude oil, then sells to Europe at higher price.

Do you get the logic, why drain your crude oil with all the wahala when you can easily buy from another person at cheap prices and make profit by selling to his perceived enemies that refused to buy from him

1 Like 1 Share

Re: Saudi Arabia Increases Import Of Russian Oil (Photos) by richeeyo(m): 8:49pm On Apr 29

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

This fish and rat story

Re: Saudi Arabia Increases Import Of Russian Oil (Photos) by CodeTemplar: 9:08pm On Apr 29

Guyman02:
Europe imposed sanctions on Russia which now sells its oil much cheaper, Saudi Arabia buys cheap Russian oil, ships it to Saudi Arabia, mixes it with Saudi oil and it becomes Saudi crude oil, then sells to Europe at higher price.

Do you get the logic, why drain your crude oil with all the wahala when you can easily buy from another person at cheap prices and make profit by selling to his perceived enemies that refused to buy from him

CC kobojunkie

Re: Saudi Arabia Increases Import Of Russian Oil (Photos) by ottersberger(m): 9:10pm On Apr 29

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.

Say hello to Nigeria.

Re: Saudi Arabia Increases Import Of Russian Oil (Photos) by AngelicBeing: 9:29pm On Apr 29

insidelife22:
hmmm
According to your oshodi under bridge intelligence.

HAHAHA, you cracked me up with this response, una go kill person with laugh for Nairaland ooooooooo mucheche Hahaha 😂

1 Like

Re: Saudi Arabia Increases Import Of Russian Oil (Photos) by basilico: 9:41pm On Apr 29

DeepSight:
Basilico

You just knew that.

When I say liberals are stupid that's why.
They sanctioned cheap Russia oil and gas.
Russia sells her discounted oil to India,china and Saudi Arabia. Who them sell it higher to Europe.
Ukraine war has turned India and china into exporters of oil

Re: Saudi Arabia Increases Import Of Russian Oil (Photos) by Federalofficia(m): 9:55pm On Apr 29

I know just understand this oil matters self, Saudi a very big giant in oil production, and their company Aramco one of the leading in the world why import again and why not from US their lord and personal saviour

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

Re: Saudi Arabia Increases Import Of Russian Oil (Photos) by Federalofficia(m): 9:57pm On Apr 29

Same thing way they happend for Nigeria way people want finish the government with curse, me self no understand na only economist fit explain this to us

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.

Re: Saudi Arabia Increases Import Of Russian Oil (Photos) by Emeskhalifa(m): 12:40am On Apr 30

evanpass:
Saudi Arabia the Hippocrate

And the America that removed the air defence system in Arab nations and moved them to Israel at a time that both the Arab nations and the Isreal are being bombarded by Iran is what??

Re: Saudi Arabia Increases Import Of Russian Oil (Photos) by YeyeGbami: 12:52am On Apr 30

insidelife22:
hmmm
According to your oshodi under bridge intelligence.

I was shocked to read him

Re: Saudi Arabia Increases Import Of Russian Oil (Photos) by Kobojunkie: 3:05am On Apr 30

CodeTemplar:
CC kobojunkie

I don't subscribe to conspiracy theories. We all know that Europe imposed sanctions are reason why Russian oil is sold at a discount. As for the claim regarding Saudi's supposed mixing of Russian oil into its stock, that I do not have evidence for and would rather not bother with until I ocme upon evidence for it. 🥱

Re: Saudi Arabia Increases Import Of Russian Oil (Photos) by Parachoko: 11:21am On Apr 30

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

There's nothing fishy about oil giants importing

Re: Saudi Arabia Increases Import Of Russian Oil (Photos) by WriterrNg: 3:54pm On Apr 30

Kobojunkie:
I don't subscribe to conspiracy theories. We all know that Europe imposed sanctions are reason why Russian oil is sold at a discount. As for the claim regarding Saudi's supposed mixing of Russian oil into its stock, that I do not have evidence for and would rather not bother with until I ocme upon evidence for it. 🥱

Lies. Before sanctions Russian oil have ALWAYS been sold at a discount. Even before the war.

Infact Europe and Germany built their entire industries on cheap Russian gas.

It has been so for over 50 years now. Russian gas always sold cheaper. There was never a time Russia sold oil for more.

Re: Saudi Arabia Increases Import Of Russian Oil (Photos) by Kobojunkie: 5:00pm On Apr 30

WriterrNg:
Lies. Before sanctions Russian oil have ALWAYS been sold at a discount. Even before the war.
Infact Europe and Germany built their entire industries on cheap Russian gas.
It has been so for over 50 years now. Russian gas always sold cheaper. There was never a time Russia sold oil for more.

...🥱

. Russian oil is cheap primarily due to steep discounts, sometimes over $30 a barrel below global benchmarks, offered to entice buyers after Western sanctions over the Ukraine invasion restricted its market. India, China, and Turkey now dominate purchases, leveraging their position to demand lower prices, while high transport costs and the need to use a "shadow fleet" for shipping further reduce the net

Re: Saudi Arabia Increases Import Of Russian Oil (Photos) by WriterrNg: 6:32pm On Apr 30

Kobojunkie:
...🥱

Before the war there has always been discounts.

That's what Russian oil have always been known for. Discounts.

How do you think Europe grew their industries?

1 Like

Re: Saudi Arabia Increases Import Of Russian Oil (Photos) by Kobojunkie: 7:05pm On Apr 30

WriterrNg:
✓ Before the war there has always been discounts. That's what Russian oil have always been known for. Discounts. How do you think Europe grew their industries?

The reference is clearly from after the war and the current increase in purchase of Russian oil by the Saudis. Please try to keep up. 🥱🥱🥱

1 2 Reply

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