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Page added on August 1, 2023

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How Unknown Traders Keep Russian Oil Flowing

  • Newly incorporated trading firms, mainly outside Europe, have managed at least half of all Russian crude and refined product exports so far this year, often using a ‘shadow fleet’ of tankers.
  • Many of these trading firms have been significant exporters of Russian oil since the EU embargo on seaborne Russian imports and the $60 per barrel price cap came into effect last December.
  • Recent signs indicate that Russian exports are starting to fall, with total oil exports dropping by 600,000 barrels per day in June, reaching the lowest level in over two years.

Newly established commodity trading firms incorporated in Hong Kong and the United Arab Emirates (UAE) have replaced trading and oil giants in handling Russian crude oil and products after the Russian invasion of Ukraine and the EU and G7 sanctions and price caps that followed.

By some estimates, these one-year-old or younger trading companies have shipped at least half of all the Russian crude and refined products exports so far this year.

While major oil traders and supermajors backed out of dealing with Russian oil, many trading firms were incorporated in jurisdictions outside Europe and took over most of the trade with Russian oil with the help of many middlemen—often the ‘shadow fleet’ of tankers. This ‘dark fleet’ has expanded from shipping sanctioned Iranian and Venezuelan oil to include transportation of Russian crude and products.

The business of transporting Russian crude to Asia has become “crazy good,” a trader dealing with Russian oil told Reuters early this year.

Most of the shipping companies transporting Russian crude—without breaching the sanctions and price cap—are based in the UAE, Greece, India, and China, and some of them are partially owned by Russian firms, according to numerous anonymous banking and trading sources who spoke to Reuters.

Russian oil firms have managed to find in recent months little-known traders willing to ship their oil, thus boosting export revenues.

For example, state-controlled Rosneft, the top oil producer in Russia, has just concluded one of its biggest tenders in recent years to award export contracts to traders, sources with knowledge of the tender told The Wall Street Journal last week.

Unlike last year’s flops in Rosneft’s tenders, the tender held in recent weeks has secured export volumes for the Russian oil giant. And the big winners are newly-created oil traders incorporated outside Europe. These are Hong-Kong-based Bellatrix Energy, as well as UAE-incorporated Amur and Tejarinaft, according to the Journal’s sources.

The three little-known firms have been large exporters of Russian oil since the oil price cap of $60 per barrel and the EU embargo on seaborne Russian imports came into effect last December, per industry executives and Russian customs data seen by the WSJ.

Russian crude and petroleum product exports held high in the first half of this year, contrary to many expectations of a slump in Russian exports after the embargo. The newly-created trading firms have played a key role in keeping those exports high.

The trading firms that have emerged after the sanctions were announced in the summer of last year are estimated to have handled at least half of the Russian crude and petroleum product exports so far this year, per estimates by Reuters based on information from numerous trade sources and data from Eikon.

So far this year, Russia has exported around 8 million barrels per day (bpd) of crude oil and refined products.

However, signs have emerged in recent weeks that Russian exports are falling, while India—a top Russian crude customer alongside China—may have already reached its peak crude imports from Russia, some analysts say.

Total oil exports out of Russia slumped by 600,000 bpd in June, to the lowest level in more than two years, according to estimates by the International Energy Agency (IEA) in its latest Oil Market Report in July.

Russia’s oil exports declined by 600,000 bpd to 7.3 million bpd in June, which was the lowest level of oil exports from the country since March 2021, per IEA’s estimates.

| OilPrice.com



50 Comments on "How Unknown Traders Keep Russian Oil Flowing"

  1. eee on Wed, 2nd Aug 2023 7:56 am 

    At least the cabal have the honesty to be clear. The US loves to be governed by the Jews and if I am not happy I can go fuck myself.

    Biden aims to broker Saudi-Israel truce before end of 2023 : Report | WION
    https://www.youtube.com/watch?v=JpYUc8ROdcw

  2. eee on Wed, 2nd Aug 2023 8:08 am 

    On top of having the US that worship the Jews we have the French of France that worship the ulgy negros and algerians.

  3. eee on Wed, 2nd Aug 2023 8:45 am 

    You have to come to the conclusion that the cabal has no intention to clean up their mess. They will collapse the system and hope that a guy will come along and fixes their mess. Once a guy fixes their mess, they will kill him and the cabal will take over a new functioning North America. the cabal has no intention of fixing anything. they will look for a sucker to do it for them and will kill him once he is done

  4. eee on Wed, 2nd Aug 2023 9:10 am 

    If the cabal can create fake holographic cars and use them to push you in the ditch, can create fake holographic cars and push you against a wall of concrete or create fake holographic cars and force you to hit a road sign, they can easily kill you once you did the job for them.

  5. eee on Wed, 2nd Aug 2023 9:12 am 

    I prefer to get kill by the police while trying to bring down the electrical permanently than working with the cabal.

  6. eee on Wed, 2nd Aug 2023 10:12 am 

    It is even worse then that. The cabal can create fake holographic flesh people with the ability to harm you in a hand to hand fight or kill you with a fake holographic knife. This place is evil beyond imagination.

  7. eee on Wed, 2nd Aug 2023 10:20 am 

    You will need to shutdown the world electrical grid and kill everyone on the planet. It is the only way you have left to deal with the cabal. Nothing else will work. This will be done by man like me when we judge that the collapse is sufficiently advanced that we have a good chance of success.

  8. eee on Wed, 2nd Aug 2023 2:30 pm 

    The only reason there are still Jews on this planet is because I am not able to kill directly, otherwise there would be no jews left on planet earth. All the Jews of the planet will be killed as soon as I have the power to do so.

    Something to keep in mine about me.

  9. eee on Wed, 2nd Aug 2023 2:52 pm 

    I will always have hatred for the Jewish people all of them, I will have only hatred in my heart for the Jewish until the day I die or I leave earth.

  10. eee on Wed, 2nd Aug 2023 3:22 pm 

    Imagine that a new guy into power and hate Israel, UK, Europe, South Korea and Japon so much that he put an internet filter that won’t allow these nations to access north America website.

  11. eeee on Wed, 2nd Aug 2023 3:30 pm 

    Imagine that you are a citizen that live in Israel, UK, France, Germany and you cannot access you JP Morgan brokerage account because their servers is located in North America and a filter has been installe to block you internet connection.

    Imagine that senario.

  12. eee on Wed, 2nd Aug 2023 3:34 pm 

    You will start a nuclear war. We all know nuclear missiles are a hoax. France will send fake nuclear missiles that don’t existe on North America. Don’t make me laugh fucking losers.

  13. eee on Wed, 2nd Aug 2023 3:42 pm 

    Poor Jews in Israel. They would be excluded from the US financial they help to create because of an internet filter. Poor Jews, poor German, poor Japanese.

  14. eee on Wed, 2nd Aug 2023 3:47 pm 

    Poor inner earth, I disconnect North America internet network from the rest of world and make the North America internet network only available to people living in North America.

  15. eee on Wed, 2nd Aug 2023 3:50 pm 

    Imagine that no Microsoft software available for the rest of world because of what I did above.

  16. eeee on Wed, 2nd Aug 2023 4:17 pm 

    Do you still think it was a good idea to use WW2, holocaust and the Jews to install globalism and dominate and subdue Whites people using anti Jews soft psychological manipulation method.

  17. eee on Wed, 2nd Aug 2023 4:26 pm 

    Is your simulation giving you the expected results. What can I do to make your simulation more entertaining to you,

  18. eeee on Thu, 3rd Aug 2023 7:32 am 

    There is a news about Israel. I am upset that you are using me again to write comments for you shit simulation. Yes I want to participate to your shit simulation (sarcasm here). Good Israel news. Let me write an angry comment to move your earth simulation forward. Yews I love your simulation, it is a good simulation, you have a lot of imagination and you write good entertaining simulation.

    https://www.youtube.com/watch?v=VnTezv1b2Gg

  19. eeee on Thu, 3rd Aug 2023 8:21 am 

    I will write an angry comment just for you bitch to move your shit simulatoin forward,

    The Jewish, American, UK, EUropena, Japan and sojth ore anerplkjpoijer c ejdfplj
    f

    I love the Jewlk n eot

  20. eeee on Thu, 3rd Aug 2023 8:23 am 

    Here is anothe one of my angry comment to help you with you shit simulatione
    kj enfc poiehr vc ejcpaoij f epje lkn eoqoi

  21. Doug Nicodemus on Thu, 3rd Aug 2023 9:23 am 

    what…the hell…where did this nutcase come from…

  22. eee on Thu, 3rd Aug 2023 10:44 am 

    Here is my comment today to help whore advance you simulaton script,
    e;ljcdie cdlkdioe,d. We need nore jews.

  23. eee on Thu, 3rd Aug 2023 10:49 am 

    I want more Jews stories. Send a Jew to my house and I will suck his asshole. Am I helpeing you whore advance your simulation forward. l Send a fake flesh human directly to my house whore to kill, I know you can do it bitch

  24. eee on Thu, 3rd Aug 2023 10:51 am 

    I want more Jews stories. Send a Jew to my house and I will suck his asshole. Am I helping you whore advance your simulation forward. Send a fake flesh human directly to my house whore to kill me, I know you can do it bitch, I am ready to die fucking useless amoral manipulative whore. You might regret inserting Jews in your simulation story.

  25. ee on Thu, 3rd Aug 2023 10:53 am 

    Can you tell I much I hate you whore

  26. eee on Thu, 3rd Aug 2023 10:55 am 

    You might regret not killing all the Jews when I asked you. You might lose your whole kingdom because of that whore.

  27. eee on Thu, 3rd Aug 2023 10:59 am 

    You will lose your whole kingdom whore because of the Jew mistake you made. Should have killed the Jews when I asked. It is too late to turn back.

  28. eee on Thu, 3rd Aug 2023 11:04 am 

    You should have killed me in a car accident while you could fucking whore. Send me someone to kill me and I will fight him with my knife until one of us is death

  29. eeee on Thu, 3rd Aug 2023 11:23 am 

    The stupid amoral manipulative whore wants to save the earth. Why should I work with anyone that could kill me at any using a fake flesh puppet. How can I fight against that??????????????????????????????????????????????????????????????????

  30. eee on Thu, 3rd Aug 2023 11:25 am 

    The stupid amoral manipulative whore wants me to save the earth. Why should I work with anyone that could kill me at anytime using a fake flesh puppet. How can I fight against that??????????????????????????????????????????????????????????????????

    Should have killed all the Jews of the earth when I asked. We would not be in the current paradigm that we are now.

  31. eee on Thu, 3rd Aug 2023 12:16 pm 

    You should have killed all the Jews of the world when I asked and not go against my will.

  32. eee on Thu, 3rd Aug 2023 12:26 pm 

    Everyone will die on earth because of the Jew variable in your simulation. You were expect me another white man, to bend over and kiss the asshole the Jewish establishment for your personal pleasure.

  33. eeee on Thu, 3rd Aug 2023 2:29 pm 

    I don’t like the Jews, I want all of them dead or I will stop making comment and I will stall your fake BS simulation. If you can generate fake flesh body to bother me in my personal life, you can create fake flesh body to kill all the jews on planet earth. Without me everything will stop to a standstill

  34. eee on Thu, 3rd Aug 2023 3:01 pm 

    Like I said in previous comments we coming for all you. We will create fake flesh bodies that will bue used as killers to kill: politicians, bankers, big corporation CEO, think tank members, religious leaders, sport athletes , movie actors, singers and so on.

  35. eee on Thu, 3rd Aug 2023 5:30 pm 

    Create fake meats puppets and go kill all the jews of planets earth ass I demanded. A good Jew is a dead jew. Don’t forget to kill also:
    politicians, bankers, big corporation CEO, think tank members, religious leaders, sport athletes , movie actors, singers, news anchor, talk show hosts.

  36. eee on Thu, 3rd Aug 2023 5:32 pm 

    I said we will come for all of you. Fake meat puppets will come to kill all of you.

  37. eeee on Thu, 3rd Aug 2023 6:18 pm 

    Create fake meats puppets and go kill all the jews of planets earth ass I demanded. A good Jew is a dead jew. Don’t forget to kill also:
    past and present politicians, past and present bankers, past and present big corporation CEO, past and present think tank members, past and present religious leaders, past and present sport athletes , past and present movie actors, past and present singers, past and present news anchor, past and present talk show hosts, past and present city mayors.

  38. eee on Thu, 3rd Aug 2023 6:21 pm 

    Create fake meats puppets and go kill all the jews of planets earth ass I demanded. A good Jew is a dead jew. Don’t forget to kill also:
    past and present politicians, past and present bankers, past and present big corporation CEO, past and present think tank members, past and present religious leaders, past and present sport athletes , past and present movie actors, past and present singers, past and present news anchor, past and present talk show hosts, past and present city mayors, past and present military leadership. This is for the whole planet earth.

  39. eeee on Thu, 3rd Aug 2023 7:27 pm 

    It is that simple for amoral manipulative lying whore. If you created fake meat puppot to bother in my private life you can create fake puppet to kill people. Here is kill list: all the jews of the world, past and present politicians, past and present bankers, past and present big corporation CEO, past and present think tank members, past and present religious leaders, past and present sport athletes , past and present movie actors, past and present singers, past and present news anchor, past and present talk show hosts, past and present city mayors, past and present military leadership. This is for the whole planet earth.

    I can guarantee you that her fake meat human puppet are real human me that can kill human like me. You cannot tell the difference.

  40. eee on Thu, 3rd Aug 2023 11:09 pm 

    I don’t know how long I will be able to keep doing that. It is just a simulation. I cannot find one good reason why I should keep doing that.

    The jews are a big problem for me. I can not stand seeing their faces or hearing about them.

    How is this beneficial for me to keep do that. Plus I already have my ticket out of earth I think.

  41. eee on Fri, 4th Aug 2023 1:17 pm 

    There is no such thing as peak oil. It is a bullshit simulation.

  42. eee on Fri, 4th Aug 2023 1:19 pm 

    There is no such thing as natural resources depletion. it is a fucking simulation. Fucking insulting.

  43. eeee on Fri, 4th Aug 2023 1:31 pm 

    This is why people are not upset about the COVID scam and lock down. 99% of the population of earth is some kind of primitive NPC with a basic program. This is why they look dead inside and are incapable of advanced logical thoughts. They are just a basic flesh unit with a basic program in them.

    The is the top of evilness to put real flesh people like me to play a role in your crappy simulation.

  44. eee on Fri, 4th Aug 2023 1:41 pm 

    The best way to get back at them is to fuck with their simulation so they can unusable results from their simulation. If you fuck with the scenario of their simulation, they will have invalid conclusion that are useless to them. They run this simulation to get some answers and ideas how to solve some problems they have. Let’s fuck with their simulation to make the result of this simulation unusable to them.

  45. eee on Fri, 4th Aug 2023 1:50 pm 

    There is no such thing as peak oil or natural resources depletion. they voluntary created peak oil and natural resources depletion because it is part of the simulation and they wants to see how the system will behave in conditions of limited naturals resources.

    They are just amoral manipulative lying piece of shit.

  46. eee on Fri, 4th Aug 2023 1:55 pm 

    They voluntary create a financial debt system based on a exponential function because they want to study on a system behave and collapse when the financial debt exponential function move vertical toward infinity and the financial collapses. Nobody with an high IQ would have voluntary run a planet using a exponential money function.

  47. eee on Fri, 4th Aug 2023 2:32 pm 

    Nobody with an high IQ would have voluntary run a planet using a exponential money function, useless they are trying to find a financial system to enslave people without them being aware that they are enslave by the debt repayment. The financial system is basically an system to enslave all the population of earth. look like they are studying how a financial system can enslave people using money.

  48. eee on Fri, 4th Aug 2023 2:56 pm 

    I always wonder how they will present that to the humans that will be able to leave earth and have a new body.

    I trying to figure out how they going to explain themselves.

    – We did that to you because we love you, what you enslave me because you love me, OKAY

    – We did that to teach you the mistakes we did in the past. We happy that you suffer a lot on earth, so you will not create something like earth ever. It was really important for us that you suffer a lot, OKYA new earth.

    – You are really important to us, we lover you, OKYA

    – we came to save you . Do you have proof that you are my savior not torturer

  49. eee on Sat, 5th Aug 2023 1:45 pm 

    It is simulation to test various concepts. There is no natural ressources depletion. This simulation has been built with a limited amount of natural resources. Nothing could stop the creator to refill the natural resources using some kind of mathematical equation and come up with a BS explanation why natural ressources replis ihs themselves.

    https://www.youtube.com/shorts/nxWh_kiXfnM

  50. Troy on Sun, 6th Aug 2023 1:26 pm 

    Wtf is up with this eee guy? Buddy is off his fkn rocker lmao


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