Posted on 04/05/2024 6:40:45 AM PDT by canuck_conservative
Reuters said Novatek had stopped operations at its Arctic LNG 2 project, which processes gas from the Utrenneye field on West Siberia' Gydan Peninsula, in the latest blow to Russian fuel exports.
It comes as Russian exports funding Putin's war have been hampered by repeated drone strikes on oil facilities, blamed on Ukraine. One energy industry expert told Newsweek that state oil giant Rosneft had reduced daily oil processing in March by a fifth.
Sanctions have caused a lack of specialist tankers to transport the LNG from Russia through thick sea ice. Six Arc7 tankers were due to be built by Hanwha Ocean— three for Russia's leading tanker group Sovcomflot and three for Japan's Mitsui O.S.K. Lines.
But the three tankers ordered by Sovcomflot were canceled after it was sanctioned by the U.S. in February.
In recent months, oil facilities across a wide area of Russia have been targeted by Ukraine, including in Ryazan and Pervyy Zavod south of Moscow, the Rostov region by the Ukrainian border, as well as Nizhny Novgorod and Kirishi, close to St. Petersburg.
Targets were the main technological installations that ensure the processing of raw materials to obtain oil products of export quality.
Mykhailo Gonchar, president of the CGS Strategy XXI group, said analysis had shown the average daily oil refining capacity in the largest Russian oil company, Rosneft, had decreased by 19 percent compared with January...
So far, the strikes have caused losses, and costs for repairs, while hampering Putin's war machine, but "for these strikes to have a fatal effect, they must continue unabated," he added...
(Excerpt) Read more at newsweek.com ...
Actually they do - when Putin sells to other nations they’re not buying from the western sources. If the supply has been damaged it’s why you’re seeing price spikes now.
Also - in spite of the attacks and damage, Russia’s output has actually increased from the start of the war. (Which is part of the reason prices went down)
Not directly but perhaps indirectly. If some supplier is reduced in the market another supplier could seize the opportunity. Overall market prices and US prices could be affected.
Sanctions also devastate western Europe. Acceptable collateral damage I suppose?
“...thick sea ice...”? What thick sea ice. Isn’t the sea ice melted and gone?! Where’s Greta Thunberg?! Somebody’s been lying to us!
Why would they feel the need to say "blamed on Ukraine"?
Stupidest thing I have read this morning. Oil is a global commodity that is fungible, meaning that a decrease of supply in source raises prices everywhere unless new supply replaces it. If supply of oil to China from Russia is curtailed then China has to purchase it on the world market thereby increasing demand and prices on the world market.
You are either very ignorant or deliberately lying.
This source debunks your second.
"After the invasion of Ukraine, the U.S. banned the direct import of Russian oil. However, other countries that then started buying that oil can legally refine it and sell it to the U.S. That's the refining loophole, and that's what we're trying to change."
https://www.pbs.org/newshour/show/how-russian-oil-is-reaching-the-u-s-market-through-a-loophole-in-the-embargo
Concerning Zeepers, the sure bet is the second option.
This statement is prim facia evidence that you are a neophyte who has no idea what he is talking about. The price of crude is set by supply & demand, production costs, and market sentiment. Now a country certainly has the right to undercut that price, but they rarely do so. When the do so, it's an indication that there is an oil glut in the marketplace.
ZEEPER FOLLIES PINGLIST!
(((PING!)))
... to be added to the best Zeeper-provided entertainment since Paul Shanklin parodies, ping me bro.
Then it’s all Putin’s fault.
There would be no war-induced shortages if Putin hadn’t started this war in the first place, right?
This is how you tell the world how dumb are, without telling the world how dumb you are.
Sorry that I made you look stupid
cc: Why don’t you just admit that your unsubstantiated statements were flat out wrong?
There’d be no war induced shortages if Obama and Biden hadn’t run a summer of love in Ukraine in 2014 to overthrow the elected leader who was more sympathetic to Putin then the west and then pushed Ukraine to join NATO.
Ukraine joined NATO today. Guess what happens next? People who are stupid and easily led will start demanding that we go to war against Russia. And guess who they will sned first to die? Those people who still think Russia is the enemy. And they will send their children to die. This is an attempt to rid our country of any vestiges of “America is the best”.
Dude you're being played so that when it comes to war you'll be willing to send your sons and daughter to fight a threat that hasn't been a threat in 50 years. You're like an old man ranting about the Japs from world war 2!
That was just to smoke you Russian apologists out
It worked ... still nobody blaming Putin ...
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