It turns out that the world has turned to buying its oil from that well-known petroleum power house - India. Where is India getting the oil from - oh yeah, don't look now.
“It turns out that the world has turned to buying its oil from that well-known petroleum power house - India. Where is India getting the oil from - oh yeah, don’t look now.”
LOL, and now we’re screaming at India for buying Russian oil and cutting it with other oil...which was TOTALLY ALLOWED by the sanctions.
...and, to add to the ever-increasing Neocon humiliation, India just told us to TAKE A HIKE when it comes to trying to get their help with our WW3 plans.
—” Where is India getting the oil from - oh yeah, don’t look now.”
Yes China and India are buying CHEAP at a major discount.and at the same time selling DEAR, the clever bastards!
That is called arbitrage.
The more China and India sell the lower the world price, as supply may exceed demand.
And just for fun China and India are paying Russia in Yuan and Rupees!!! Not at all good for Russia.
Most analysts believe Russia is very close to its break-even point on oil sales. Reducing flow on an oil well is NOT a good practice.