Saudis Double Russia Crude Imports As It Prepares For BRICS Inclusion – ZH

from ZeroHedge:

Saudi Arabia has a thirst for heavily discounted Russian diesel and other fuel products banned by many countries in the West.

The world’s largest oil exporter more than doubled the amount of Russian fuel oil in the second quarter to supply power generation stations to meet surging cooling demand this summer and allow the kingdom’s crude exports to increase.

Western sanctions forced Russia to discount fuel oils on spot markets, which has increased demand in the East, not just from the Saudis but also from China and India.


Energy trade data provided by Reuters shows Saudis imported 647,000 tons (48,000 barrels per day) of fuel oils from Russia in the second quarter — up from 320,000 tons in the same quarter last year.

The surge in the Russia-Saudi energy trade (also detailed in “Middle East Ramps Up Imports Of Shunned Russian Fuels”) comes as BRICS International Forum President Purnima Anand told Russian newspaper Izvestia that Saudis are planning to join. That would boost multilateral cooperation between BRICS, including Saudis, meaning they wouldn’t cave to the US demands to restrict Russian energy imports.

Meanwhile, the Biden administration has unleashed a barrage of financial sanctions against Russia to isolate it from the global trading system to reduce trading revenue — all of which have backfired — and allowed Moscow to reap record oil revenues.

President Biden will meet with Crown Prince Mohammed bin Salman (MbS) without Saudi King Salman on Friday (the same day Anand announced Saudis are preparing to apply for membership). It’s expected that no public announcements on increasing oil supply will be made, according to Bloomberg sources.

Biden’s meeting with MbS appears to be a waste of time and more for optics. The fundamental point behind the meeting to increase crude production won’t transpire into anything meaningful. Biden needs to work on expanding the capacity of refined oil products, such as gasoline, diesel, and jet fuel, though much of that is out of his control and will take years.

The point is that Saudis need cheap Russian fuel oils and plan to join an expanding economic club that will distance themselves from Western countries and aligns them more with Russia and China. The rise of BRICS and the possible inclusion of Saudis would outline the US’ waning control over the international order.

Read More @


The Liberty Beacon Project is now expanding at a near exponential rate, and for this we are grateful and excited! But we must also be practical. For 7 years we have not asked for any donations, and have built this project with our own funds as we grew. We are now experiencing ever increasing growing pains due to the large number of websites and projects we represent. So we have just installed donation buttons on our websites and ask that you consider this when you visit them. Nothing is too small. We thank you for all your support and your considerations … (TLB)


Comment Policy: As a privately owned web site, we reserve the right to remove comments that contain spam, advertising, vulgarity, threats of violence, racism, or personal/abusive attacks on other users. This also applies to trolling, the use of more than one alias, or just intentional mischief. Enforcement of this policy is at the discretion of this websites administrators. Repeat offenders may be blocked or permanently banned without prior warning.


Disclaimer: TLB websites contain copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available to our readers under the provisions of “fair use” in an effort to advance a better understanding of political, health, economic and social issues. The material on this site is distributed without profit to those who have expressed a prior interest in receiving it for research and educational purposes. If you wish to use copyrighted material for purposes other than “fair use” you must request permission from the copyright owner.


Disclaimer: The information and opinions shared are for informational purposes only including, but not limited to, text, graphics, images and other material are not intended as medical advice or instruction. Nothing mentioned is intended to be a substitute for professional medical advice, diagnosis or treatment.

Be the first to comment

Leave a Reply

Your email address will not be published.