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tangs

45,990 Posts.

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24/05/22

16:55

Post #: 61593890
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Originally posted by mickban: ↑

They might be pumping the stuff to make it look like everything is normal.
But no one is buying it lol.

Cargoes of Russia's flagship crude oil at sea climb to record high

HOUSTON (Reuters) - Some 62 million barrels of Russia’s flagship Urals crude oil, a record amount, are sitting in vessels at sea, data from energy analytics firm Vortexa showed, as traders struggled to find buyers for the crude.
The United States and other countries have banned imports of Russian crude and oil products over its invasion of Ukraine, and others have avoided acquiring cargoes out of fear of future sanctions. The European Commission is considering an embargo of Russian oil.

The volume of Urals crude oil on the water is triple the pre-war average, Vortexa said, even as Russian seaborne oil exports fell to 6.7 million barrels per day (bpd) so far in May, down about 15% from the 7.9 bpd in February.

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Putin IS a genius - all that oil he can't store - he's put it into ships .
But Putes , what happens when you run out of ships to fill ?
Laugh a minute !
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