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  • Saudi Arabia more than doubled Russian oil imports in the second quarter, freeing up their own crude for export

    07/15/2022 4:54:42 PM PDT · by MinorityRepublican · 25 replies
    Markets Insider ^ | July 15, 2022 | Brian Evans
    The world's largest oil producer stepped up imports of Russian oil in the second quarter despite sanctions aimed at choking Moscow's energy flows, Reuters said. Saudi Arabia imported 647,000 tonnes of Russian oil from April to June, according to data reviewed by Reuters. Saudi Arabia took possession of the oil from Russian and Estonian ports, and has thus far imported 320,000 more barrels from Russia compared to 2021 levels. The Kingdom's increased willingness to grow its reliance on Russian oil is at odds with global powers which are trying to condemn the Kremlin and cut off its exports in response...