Posted on 01/30/2025 11:56:44 AM PST by dennisw
China and India have stopped buying Russian oil due to increased freight costs for tankers not subject to US sanctions.
A representative from India's Bharat Petroleum Corp Ltd stated that the company has not received new supply offers for March, as is usually the case, and expects the volume of cargoes offered for the first month of spring to decrease compared to January and December. Typically, India receives offers for Russian oil supplies in the middle of each month.
Traders noted that the premium for Russian ESPO crude oil has increased by $3-5 per barrel compared to ICE Brent, while freight rates for Aframax tankers on routes to China have risen by "several million dollars."
Meanwhile, the US has already warned India that tankers loaded with Russian oil must be unloaded by February 27. As a result, Indian refineries have begun seeking alternative supply sources from the Middle East, Africa, and the US.
US Sanctions and Their Impact On January 10, the US imposed "most stringent sanctions" against Russia's energy sector. The restrictions targeted Gazprom Neft, Surgutneftegaz, their subsidiaries, and over 180 vessels that Washington deemed part of Moscow's "shadow fleet" for transporting fuel. As a result, refineries in China and India will be forced to increase imports from the Middle East, Africa, and the Americas, leading to higher fuel and freight prices. Several Chinese and Indian importers have refused to accept tankers affected by the sanctions.
Last week, Bharat Petroleum Corp. Ltd informed the agency that it had not received new supply offers for March and expects a reduction in cargo volumes compared to January and December. New Delhi typically receives offers for Russian oil supplies in the middle of each month, Reuters said.
India and China's Reliance on Russian Oil In 2023, 36% of India's oil imports and nearly a fifth of China's imports came from Russia. Indian Deputy Minister of Petroleum and Natural Gas Pankaj Jain stated that the U. S. demanded tankers with Russian oil be unloaded by February 27 and payments made by March 12 in accordance with the new sanctions. The agency noted that ships in China are facing delays in unloading fuel.
US Sanctions from January 10th have jacked up the price that Russian oil can be landed in Chinese and India ports. To where India and China are not buying Russian oil.
The Ukraine war will be settled soon.
Ukraine will agree to give up a good amount of land.
Russia will agree to stop fighting and just be satisfied with what they have.
India - China not buying Russian oil, is how Bad Vlad is forced into fair and honest negotiations with Ukraine. Or perhaps Vlad will capitulate with honor, by doing himself in.
WIKI
By far the most common variety of the T2-type tanker was the T2-SE-A1, another commercial design already being built in 1940 by the Sun Shipbuilding Company for Standard Oil Company of New Jersey.
They were 523 ft (159.4 m) long, 68 ft (20.7 m) abeam, with 10,448 gross register tons (GRT) and 16,613 DWT. Their (steam) turbo-electric transmission system delivered 6,000 shaft horsepower (4,500 kW), with maximum thrust of 7,240 horsepower (5,400 kW), which produced a top-rated speed of about 15 knots (28 km/h; 17 mph) with a cruising range of up to 12,600 miles (20,300 km).
After Pearl Harbor, the United States Maritime Commission ordered this model built en masse to supply U.S. warships already in accelerated production, and provide for the fuel needs of US forces in Europe and the Pacific, as well as to replace the tanker tonnage being lost at an alarming rate to German U-boats.
481 were built in extremely short production times by the Alabama Drydock and Shipbuilding Company of Mobile, Alabama, the Kaiser Company at their Swan Island Yard at Portland, Oregon, the Marinship Corp. of Sausalito, California, and the Sun Shipbuilding and Drydock Company of Chester, Pennsylvania.
During that period, average production time from laying of the keel to “fitting out” was 70 days. The record, however, was held by Marinship, which had Huntington Hills ready for sea trials in just 33 days.
https://en.wikipedia.org/wiki/T2_tanker
Then the Ukraine starts a fifth generation type of war with Russia.
WIKI
The Big Inch and Little Big Inch, collectively known as the Inch pipelines, are petroleum pipelines extending from Texas to New Jersey, built between 1942 and 1944 as emergency war measures in the United States.
The Big and Little Big Inch pipelines were 1,254 and 1,475 miles (2,018 and 2,374 kilometres) long respectively, with 35 pumping stations along their routes. The project required 16,000 people and 725,000 short tons (658,000 t) of materials.
The National Tube Company of Lorain, Ohio produced from 137,500 tons of steel the pipe for the 550-mile section between Long View and Norris City in 4 month[s]
The schedule called for 5 miles (8.0 km) of the Big Inch pipeline to be laid each day. But soon men were laying as much as 9 miles (14 km) a day.
Oil began flowing through the Big Inch Line between Texas and Illinois on New Year’s Eve 1942
https://en.wikipedia.org/wiki/Big_Inch
Drill baby drill.
Thanks for your post.
Related:
Trump vows tariffs on nations that ‘harm’ US; names India, China as high-tariff countries
Tuesday, January 28, 2025
https://freerepublic.com/focus/f-news/4293563/posts
“A lot of our trains generate power themselves – simply by braking. Because all modern electric trains at Deutsche Bahn are equipped with a brake energy recovery function. When they brake, their motors act as generators, converting the kinetic energy into electricity, which then flows back into the overhead line. This electricity can then be used again by other trains.”
“In 2023, this generated a total of around 1,440 gigawatt hours of electricity. This saves trains such as the ICE as much electricity in one year as around 350,000 four-person households consume annually.”
https://nachhaltigkeit.deutschebahn.com/en/measures/Brake-energy-recovery
“BNSF pretty much pioneered use of tanker cars linked together to move Bakken oil. With more than 800,000 barrels a day being shipped out of North Dakota, the railway was already feeling the load.”
https://www.dl-online.com/news/oil-traffic-causes-bnsf-slowdown
Russia will agree to stop fighting and just be satisfied with what they have.
No chance. Russian chauvinists of Putin’s ilk think Ukraine is part of Russia. All of it. They’ve said so repeatedly. It’s delusional to think a mass murdering Kremlin Bolshevik like Putin will ever honor any agreement made regarding a nation and identity they believe illegitimate.
This Pravda.ru outfit has a wiki.
Here is a passage:
Pravda.ru has been known to produce tabloid style articles with outrageous claims in the headline, such as
“Aliens forced Americans out from the Moon”,[18]
“Time machine built in Europe, Russian scientists say”,[19]
“Time can be turned back”,[20]
“Alien and human skulls found on Mars”,[21]
“Nuclear strike hits Yemen”,[22]
“Boriska, boy from Mars, says that all humans live eternally”,[23]
“Autotrophs: new kind of humans appears who neither drink nor eat”[24]
“Nazi Germany achieved its technological advantage with aliens’ help”.[25]
When Tulsi takes power, the truth will be public and there will be no opportunity for media to hunt for leaks that pursue viewcount rather than accuracy.
Agreed…and sanctions will be removed as part of the bargain. Putin needs to devote resources to his economy or he faces a revolt soon, and effective colonization by China later.
Trump was smart here.
He knows that the only way to make Russia kneel, is to lower the price of oil and make it more costly for Russia to export. This is what is going on right now... and consequently Russia screams : “Let’s negotiate! Let’s negotiate!”
Despite the Harmonized Tariff classification declared in our paperwork as a medical device, three guesses about how Indian Customs treated the goods on arrival.
Something like reciprocity is, I think, what Trump is aiming for. But the stick has to precede the carrot.
Perfect. Drill baby drill. Chomo Joe has been a great friend to Russia with his energy policies.
I had a Russian co-worker in a previous life that would sometimes tell me half seriously and half jokingly that the difference between Pravda and our mainstream media is that Pravda would criticize the Politburo/Communist Part once in a while.
Gee, who could have seen this coming? I got called out by a couple of Freeper nimbobs a week ago for predicting this exact event. They won’t correct themselves and I won’t out them but at least I have the satisfaction of being right...
Russian terror supporters on Free Republic have agreed to chip in and buy 7 barrels of the Russian crude to be delivered ASAP to their Poyang HQ
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