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re: The irony of funding Ukraine is that the conflict is keeping oil prices high.
Posted on 2/23/24 at 4:05 pm to loogaroo
Posted on 2/23/24 at 4:05 pm to loogaroo
quote:
Point is the sanctions are inflating the price of oil allowing Russia to finance the war when ultimately the refined product (mainly JetA1 and EN590) gets sold to us anyway. It's being bought by China and repapered in Rotterdam, Fujairah, Mersin or even PMEX. Now throw Venezuela in the mix as well.
How is the price inflated if the oil is getting into the market at a reduced price?
1
Posted on 2/23/24 at 4:20 pm to cwill
quote:
How is the price inflated if the oil is getting into the market at a reduced price?
See my reply above. You guys have no clue what's happening in the fuel trading world because of this war and now the Red Sea attacks.
China is loving this.
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