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Lets Talk Oil-(CLOSED)

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Over the last three years, countries like India and Turkiye, have become the biggest customers for Russian oil. A key loophole in the sanctions has aided this growth by allowing non-sanctioning countries to import Russian crude, refine it, and export the refined products to G7+ countries. Consequently, G7+ countries have increased their imports of oil products from these countries, thus propping up the price of Russian oil, as well as increasing the volumes Russia sells globally.

🤔🤔🤔🤔🤔🤔🤔
 
So just as investigating minds might dig..
An AI Asisted check.

Turkey and India primarily export refined petroleum products to
European markets, which are trying to avoid direct sanctions risk. Both nations have increased purchases of Russian crude, refining it and then selling the resulting products to countries seeking to diversify their energy sources away from direct Russian supply.

Key Buyers of Oil Products from Turkey and India:
  • European Union (EU): A major destination for refined products, as they seek alternatives to direct Russian imports.
  • Other Global Markets: Both nations act as refining hubs, processing crude and exporting to various international destinations.

    Contextual Factors:
  • Turkey: Diversifies its oil imports to maintain compliance, exporting to European markets.
  • India: Reliance Industries has heavily purchased Russian crude (e.g., 6 million barrels for March delivery).
  • Import Sources for India: While exporting, India relies on imports (85-90% of LPG) from countries like Saudi Arabia

And since everyone has learned how to watch AIS, follow the ships,
 
A thought for the day,

while spices may have caused colonialisation in times past.
Has the trade and need for oil caused more war than that of the spice trades?
 
The owners of of the CPC and players in it wont be happy, Just having sanction relief!

Ukraine Hits Major Oil Export Pipeline Hub in South Russia​


oilprice.com

Ukraine Hits Major Oil Export Pipeline Hub in South Russia | OilPrice.com

Ukraine on Thursday hit in a drone attack a key pipeline hub of Russia’s crude oil exports in the southern region of Krasnodar as Kyiv intensifies strikes on Russian energy and military infrastructure.
oilprice.com oilprice.com
 
Onoya said:
Following my reports of diesel's evolution of price in south France

After few days stagnating at 1.95€ per liter, it increased to 1.97€ per liter, and then to 2.01€ per liter.

All those prices are for diesel, i don't follow unleaded's price
Click to expand...
Crap!! thats alot!!!!😡😡merde
 
So what golden island controls Irans heart, Venezuela good take? But this island, delectible…. no bombs or attacks, somebody is treatingbit as valuable?

Known as the ‘Forbidden Island’ due to strict military control, this ancient coral outcrop processes 90% of Iran’s crude exports while guarding millennia of human history.
www.aljazeera.com

The ‘orphan pearl’: Inside Kharg, the beating heart of Iran’s oil empire

On Iran's 'Forbidden Island' of Kharg, ancient ruins sit beside the nerve centre of the nation's oil empire.
www.aljazeera.com www.aljazeera.com
 
Brent over 100$ WTI nearing at 97, rrusdian oil 93$ bbl, Russian is doing well for their recovery👏
Hopefully Austrailian farmer seeing some relief?🤔

Commodities - Live Quote Price Trading Data

Trading Economics provides data for several commodities including live bid/ask quotes, last trading prices, forecasts, charts with historical time series and news. This table was last updated on Wednesday, April 29, 2026.
tradingeconomics.com tradingeconomics.com
 
gas station across the street from me said $3.79 last night, in the past few weeks I have seen it go from $2.89 to $3.79, other ones are 3.49 and 3.55 so there are options, but the expensive one I use cause I see the sign all the time cause it is right next door to my home.
 
DEFCON Warning System said:
The US isn't doing anything to secure shipping at the moment.
Click to expand...
Well CNN reported today the only sea mining vessel US operating currently (if I recall) was spotted today in the Pacific near Malaysia. Which is very very far away from Iran... So. There's that.
 

Trump’s energy ‘tiger team’ struggles to find its roar with Iran​

Now, 15 months later, the Trump administration’s self-described “Tiger Team” led by Interior Secretary Doug Burgum and Energy Secretary Chris Wright appears flummoxed by the surge in global oil prices in the wake of the U.S. attack on Iran and is scrambling to head off a bout of energy-driven inflation.

www.cfr.org

Trump Calls for Hormuz Coalition | Council on Foreign Relations

Welcome to the Daily News Brief, CFR’s flagship morning newsletter summarizing the top global news and analysis of the day. Top of the Agenda As the Iran war enters its third week, Trump has intensified calls for allies to help unblock the Strait of Hormuz to mitigate the war’s economic...
www.cfr.org www.cfr.org
 
Onoya said:
Following my reports of diesel's evolution of price in south France

After few days stagnating at 1.95€ per liter, it increased to 1.97€ per liter, and then to 2.01€ per liter.

All those prices are for diesel, i don't follow unleaded's price
Click to expand...
Little oil prices update since my last report

After stagnating at 2€/l for diesel and 1.95€/l for unleaded, it just rose to 2.1€/l for diesel and 1.98€/l

That's in Lézignan-Corbières, South France
 
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