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—> Putin is such a strong genius for continuing to sell his oil to China and India for a 30% discount to market.

Obviously he considers selling to certain countries who resell it his best option.

That’s how markets work - even when your globohomopedos try to manipulate it.

Putin is such a strong genius for continuing to sell his oil to China and India for a 30% discount to market.==

Which is not true at all.

“...#oil #Russia

#China #India Discounts... discounts...

Lots of talk about oil prices, news outlets throw in $35...45...50 a barrel all the time. But there are statistics from China for December inclusive and India for November ...

✔️ China : from March to December, the average import price of Russian oil was $94 per barrel, in the 4th quarter $86 per barrel, in December $81 per barrel;

✔️India : from March to November, the average import price of Russian oil is $97 per barrel. in the 4th quarter it could be ~$87 per barrel, based on the dynamics of other prices, the estimate in December was ~$81-84 per barrel;

In both cases, relative to the average Brent price, the average discount from March to November/December was ~$8 per barrel. But the import prices of China and India were ~$21 above the so-called average price. Urals - just as much more expensive than Argus draws China and India bought according to their customs statistics. At the same time, the November-December expansion of the spread between Urals and Brent is mainly a consequence of a change in the methodologycalculation of Urals from Argus (in November), and not the introduction of a ceiling. In reality, current Urals prices have little in common with the actual selling price of Russian oil. It is also clear that the situation with petroleum products will be more complicated than with crude oil...

PS: The restructuring of logistics requires large one-time investments (hundreds of tankers “moved” at once), but this is a temporary story.
@truecon...”