Sell ​​to anyone: Russia holds millions of barrels of its diesel in the ocean - Bloomberg

According to journalists, over the last month the volume of fuel in drifting tankers has increased more than four times and set a record over the entire observation. Russian oil companies have problems exporting diesel fuel, which has been under February under the influence of European embargo and "price ceiling" by G7 countries. On March 10, 2023, Bloomberg reported on March 10, 2023.

Thus, despite the discounts, the size of which reaches one third of world prices, a diesel of Russian origin remains in tankers that drift in the ocean and waiting for buyers. According to Bloomberg, in early spring, an unborn diesel on ships was 4. 4 million barrels. Over the last month, the fuel volumes have increased more than four times and set a record for the entire observation.

At the same time, Russia continues to ship diesel from ports, although in Moscow they are well aware that it is unlikely that they will find buyers for their fuel. According to Analytics, Mark Williams, if the undeniable volumes will increase, the export of diesel will have to be reduced, while letting it out under the knife.

Therefore, starting from the second quarter of 2023, the Russian refinery will have to suspend work, then the reduction of oil processing will be up to 1 million barrels per day. At the same time, Russia has begun to cooperate more actively with the United Arab Emirates to sell its energy. According to Reuters, the UAE of the Russian Federation found a new market after Western sanctions have actually blocked the European market for oil and oil products for the Kremlin.

At the same time, the Persian Gulf countries are dissatisfied with the US pressure, which demanded that they isolate the Russian Federation and produce more oil, so they agree to cooperate with the aggressor country. The economy of the aggressor country is very reacting to oil prices and other energy, since for Russia oil is a kind of reserve.