“I saw that over the weekend. You have to hand it to the governments over there in Europe. They get their masses all fired up at Putin, while they quietly DISMANTLE their economies in the name of ‘climate change’, likely sending them back to the Middle Ages when they’re done.”
Meanwhile, they are buying oil from Russia via India thus circumventing the sanctions against Russia.
There great part is that the Indian oil trader is buying the Russian oil at a $30/barrel discount to the Brent Sea Crude price. Then they either refine it into diesel and sell it at the market.
Also, the Indian trader might just change the paperwork on the tanker carrying the oil a hope to get away with it. They also may transload the crude from one tanker to another or mix Russian crude with crude from another origin.
Now, that crude is mixed origin oil on the BOL.