Russian Oil Market In Total Collapse As Shippers Refuse Loads After Biden Sanctions

[skews13]

Shipping companies are refusing to load tankers with the main grade of Russian crude, known in industry parlance as Urals, traders and shipping executives said. Commodity trading houses, meanwhile, are struggling to get banks to fund cargoes of Urals with letters of credit—a form of trade finance that keeps the wheels of international trade turning. And some refining companies are shunning Russian crude oil they normally would convert into gasoline, diesel and jet fuel.

The lack of demand has weighed on the price of Russian oil. The discount at which Urals is trading to benchmark Brent crude is up to 10 times wider than average in the physical market, traders said.

The main risk for shippers, refiners and bankers: taking hold of, or financing, Russian crude oil that gets hit by Western sanctions.

Oil Traders Shun Russian Crude, Fearing Impact of Sanctions

The West hasn’t hit Russian oil exports with sanctions. The energy industry is acting as if they are already in place. Shipping companies are refusing to load tankers with the main grade of Russian crude, known in industry parlance as Urals, traders and shipping executives said. Commodity trading h

www.wsj.com

It’s only going to get worse for you

 

[Biff_Poindexter]

Democrats in disarray

 

[Devils_Advocate]

Shipping companies are refusing to load tankers with the main grade of Russian crude, known in industry parlance as Urals, traders and shipping executives said. Commodity trading houses, meanwhile, are struggling to get banks to fund cargoes of Urals with letters of credit—a form of trade finance that keeps the wheels of international trade turning. And some refining companies are shunning Russian crude oil they normally would convert into gasoline, diesel and jet fuel.

The lack of demand has weighed on the price of Russian oil. The discount at which Urals is trading to benchmark Brent crude is up to 10 times wider than average in the physical market, traders said.

The main risk for shippers, refiners and bankers: taking hold of, or financing, Russian crude oil that gets hit by Western sanctions.

Oil Traders Shun Russian Crude, Fearing Impact of Sanctions

The West hasn’t hit Russian oil exports with sanctions. The energy industry is acting as if they are already in place. Shipping companies are refusing to load tankers with the main grade of Russian crude, known in industry parlance as Urals, traders and shipping executives said. Commodity trading h

www.wsj.com

It’s only going to get worse for you

China, North Korea and Iran will come to their rescue as usual…

 

[iamwhatiseem]

Biden is a simpleton fool if he thinks he can choke Russia and there be no retaliation.
And a retaliation that results in a larger scale problem than Ukraine.

 

[Rogue AI]

Shipping companies are refusing to load tankers with the main grade of Russian crude, known in industry parlance as Urals, traders and shipping executives said. Commodity trading houses, meanwhile, are struggling to get banks to fund cargoes of Urals with letters of credit—a form of trade finance that keeps the wheels of international trade turning. And some refining companies are shunning Russian crude oil they normally would convert into gasoline, diesel and jet fuel.

The lack of demand has weighed on the price of Russian oil. The discount at which Urals is trading to benchmark Brent crude is up to 10 times wider than average in the physical market, traders said.

The main risk for shippers, refiners and bankers: taking hold of, or financing, Russian crude oil that gets hit by Western sanctions.

Oil Traders Shun Russian Crude, Fearing Impact of Sanctions

The West hasn’t hit Russian oil exports with sanctions. The energy industry is acting as if they are already in place. Shipping companies are refusing to load tankers with the main grade of Russian crude, known in industry parlance as Urals, traders and shipping executives said. Commodity trading h

www.wsj.com

It’s only going to get worse for you

No worries, as we speak our NATO allies are looking for ways around these sanctions just like they did with Oil for Food.

 

[Circe]

Shipping companies are refusing to load tankers with the main grade of Russian crude, known in industry parlance as Urals, traders and shipping executives said. Commodity trading houses, meanwhile, are struggling to get banks to fund cargoes of Urals with letters of credit—a form of trade finance that keeps the wheels of international trade turning. And some refining companies are shunning Russian crude oil they normally would convert into gasoline, diesel and jet fuel.

The lack of demand has weighed on the price of Russian oil. The discount at which Urals is trading to benchmark Brent crude is up to 10 times wider than average in the physical market, traders said.

The main risk for shippers, refiners and bankers: taking hold of, or financing, Russian crude oil that gets hit by Western sanctions.

Oil Traders Shun Russian Crude, Fearing Impact of Sanctions

The West hasn’t hit Russian oil exports with sanctions. The energy industry is acting as if they are already in place. Shipping companies are refusing to load tankers with the main grade of Russian crude, known in industry parlance as Urals, traders and shipping executives said. Commodity trading h

www.wsj.com

It’s only going to get worse for you

I don't believe a word of this. Give it at least half a day, why don't you! Don't rush the lies in so fast.

 

[sarahgop]

Oil markets will be fine. Earlier i saw oil up to 100 dollars. Just now its back to where it started the day. I guess the oil markets think this will be short.

 

[bravoactual]

Shipping companies are refusing to load tankers with the main grade of Russian crude, known in industry parlance as Urals, traders and shipping executives said. Commodity trading houses, meanwhile, are struggling to get banks to fund cargoes of Urals with letters of credit—a form of trade finance that keeps the wheels of international trade turning. And some refining companies are shunning Russian crude oil they normally would convert into gasoline, diesel and jet fuel.

The lack of demand has weighed on the price of Russian oil. The discount at which Urals is trading to benchmark Brent crude is up to 10 times wider than average in the physical market, traders said.

The main risk for shippers, refiners and bankers: taking hold of, or financing, Russian crude oil that gets hit by Western sanctions.

Oil Traders Shun Russian Crude, Fearing Impact of Sanctions

The West hasn’t hit Russian oil exports with sanctions. The energy industry is acting as if they are already in place. Shipping companies are refusing to load tankers with the main grade of Russian crude, known in industry parlance as Urals, traders and shipping executives said. Commodity trading h

www.wsj.com

It’s only going to get worse for you

I'm fucking loving it. Fuck Putin and his butt boy the Traitor.

 

[Osiris-ODS]

Shipping companies are refusing to load tankers with the main grade of Russian crude, known in industry parlance as Urals, traders and shipping executives said. Commodity trading houses, meanwhile, are struggling to get banks to fund cargoes of Urals with letters of credit—a form of trade finance that keeps the wheels of international trade turning. And some refining companies are shunning Russian crude oil they normally would convert into gasoline, diesel and jet fuel.

The lack of demand has weighed on the price of Russian oil. The discount at which Urals is trading to benchmark Brent crude is up to 10 times wider than average in the physical market, traders said.

The main risk for shippers, refiners and bankers: taking hold of, or financing, Russian crude oil that gets hit by Western sanctions.

Oil Traders Shun Russian Crude, Fearing Impact of Sanctions

The West hasn’t hit Russian oil exports with sanctions. The energy industry is acting as if they are already in place. Shipping companies are refusing to load tankers with the main grade of Russian crude, known in industry parlance as Urals, traders and shipping executives said. Commodity trading h

www.wsj.com

It’s only going to get worse for you

That's funny. So check this out -- just one day after Russia invaded Ukraine, NATO countries (including the US) purchased a combined $350 million USD of oil from Russia.

Oh, and China just bought 100 million metric tons of coal from Russia. Certainly you can appreciate the message that move is sending.

Yeah, Putin is really feeling the economic pain. He'll surely capitulate any minute.

As usual, it's all a bunch of double speak and backhanded dealings with the media running cover to keep people locked in to the narratives.

 

[Cougarbear]

Democrats in disarray

Democrats have already rejected democracy as they cheated to win the last election. Like Saddam Husain would win with 100% of the vote, the Democrats are doing the same thing. Note that "Democrats" ends with "rats." Very appropriate.

 

[Osiris-ODS]

I'm fucking loving it. Fuck Putin and his butt boy the Traitor.

This is exactly what I was referring to in the last sentence of post #9. Skip right past reality and bask in the narrative. SMH, it's so baffling to me how after everything that's happened over the past few years, people will still believe absolutely anything the media tells them is true.

 

[B. Kidd]

Democrats have already rejected democracy as they cheated to win the last election. Like Saddam Husain would win with 100% of the vote, the Democrats are doing the same thing. Note that "Democrats" ends with "rats." Very appropriate.

They've become true vermin, right before our eyes!

 

[bravoactual]

This is exactly what I was referring to in the last sentence of post #9. Skip right past reality and bask in the narrative. SMH, it's so baffling to me how after everything that's happened over the past few years, people will still believe absolutely anything the media tells them is true.

Fuck Putin. Fuck the Traitor. Fuck Putin. Fuck the Traitor.

Russian gets what Russia deserves.

 

[B. Kidd]

Fuck Putin. Fuck the Traitor. Fuck Putin. Fuck the Traitor.

Russian gets what Russia deserves.

Well, last time I checked, they're getting Ukraine.

 

[bravoactual]

Well, last time I checked, they're getting Ukraine.

Invasion of Soverign Democratic Country and you Putin loving Pussies love it.

 

[Stann]

Shipping companies are refusing to load tankers with the main grade of Russian crude, known in industry parlance as Urals, traders and shipping executives said. Commodity trading houses, meanwhile, are struggling to get banks to fund cargoes of Urals with letters of credit—a form of trade finance that keeps the wheels of international trade turning. And some refining companies are shunning Russian crude oil they normally would convert into gasoline, diesel and jet fuel.

The lack of demand has weighed on the price of Russian oil. The discount at which Urals is trading to benchmark Brent crude is up to 10 times wider than average in the physical market, traders said.

The main risk for shippers, refiners and bankers: taking hold of, or financing, Russian crude oil that gets hit by Western sanctions.

Oil Traders Shun Russian Crude, Fearing Impact of Sanctions

The West hasn’t hit Russian oil exports with sanctions. The energy industry is acting as if they are already in place. Shipping companies are refusing to load tankers with the main grade of Russian crude, known in industry parlance as Urals, traders and shipping executives said. Commodity trading h

www.wsj.com

It’s only going to get worse for you

Sanctions will work against us but they will have devastating effects on the Russians. Putin brought this on by himself he is solely responsible.

 

[Stann]

Democrats in disarray

? I don't think so the world is working in joint step against Russia.

 

[B. Kidd]

Invasion of Soverign Democratic Country and you Putin loving Pussies love it.

I detest war!
Too bad Neo-Marxist Dimm's took their eyes off the ball and ended up hating Trump more than war!!
Stupid asses....

 

[Stann]

China, North Korea and Iran will come to their rescue as usual…

North Korea can't even help itself. China does want to dominate Russia so they will they be there helping and taking over. I ran isn't much better off than North Korea.

 

[Stann]

Biden is a simpleton fool if he thinks he can choke Russia and there be no retaliation.
And a retaliation that results in a larger scale problem than Ukraine.

They're already planning for cyber attacks from Russia. This is how disgusting that Russia is.