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Biden Meets With Saudi, Saudi Doubles Their Discounted Oil Purchase From Russia
If you like my podcast please follow me. If you would like to have more access to me, go to: www.lodge-co.com/tba.html Click on "buymeacoffee" and follow my blogs and podcasts on business and personal finance.
TODAYS STORY: BIDEN MEETS WITH SAUDI AND SAUDI DOUBLES THE PURCHASE OF DISCOUNTED RUSSIAN OIL TO SELL TO - BIDEN
Saudi Arabia, the world’s largest oil exporter, more than doubled the amount of Russian fuel oil it imported in the second quarter to feed power stations to meet summer cooling demand and free up the kingdom’s own crude for export, data showed and traders said.
Russia has been selling fuel at discounted prices after international sanctions over its invasion of Ukraine left it with fewer buyers. Moscow calls the war in Ukraine a “special military operation”.
The increased sales of fuel oil, used in power generation, to Saudi Arabia show the challenge that US President Joe Biden faces as his administration seeks to isolate Russia and cut its energy export revenues.
While many countries have banned or discouraged purchases from Russia, China, India and several African and Middle Eastern nations have increased imports.
This discounted oil will be sold and exported to the United States if Biden gets an oil deal with Saudi. Biden refuses to sit down and meet with American oil producers and continues to degrade them. Biden has the worse energy policy that continues to drive up inflation on the American people.
Full Story: https://www.euractiv.com/section/global-europe/news/saudi-arabia-doubles-discounted-russian-fuel-oil-imports/
Every day I choose news stories that affect all Americans. To see today's pick go to: https://flipboard.com/@lodgeco/michael-lodge-the-business-advisor-vt0agg1bz
Hosted on Acast. See acast.com/privacy for more information.
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By Michael Lodge
3.7
33 ratings
If you like my podcast please follow me. If you would like to have more access to me, go to: www.lodge-co.com/tba.html Click on "buymeacoffee" and follow my blogs and podcasts on business and personal finance.
TODAYS STORY: BIDEN MEETS WITH SAUDI AND SAUDI DOUBLES THE PURCHASE OF DISCOUNTED RUSSIAN OIL TO SELL TO - BIDEN
Saudi Arabia, the world’s largest oil exporter, more than doubled the amount of Russian fuel oil it imported in the second quarter to feed power stations to meet summer cooling demand and free up the kingdom’s own crude for export, data showed and traders said.
Russia has been selling fuel at discounted prices after international sanctions over its invasion of Ukraine left it with fewer buyers. Moscow calls the war in Ukraine a “special military operation”.
The increased sales of fuel oil, used in power generation, to Saudi Arabia show the challenge that US President Joe Biden faces as his administration seeks to isolate Russia and cut its energy export revenues.
While many countries have banned or discouraged purchases from Russia, China, India and several African and Middle Eastern nations have increased imports.
This discounted oil will be sold and exported to the United States if Biden gets an oil deal with Saudi. Biden refuses to sit down and meet with American oil producers and continues to degrade them. Biden has the worse energy policy that continues to drive up inflation on the American people.
Full Story: https://www.euractiv.com/section/global-europe/news/saudi-arabia-doubles-discounted-russian-fuel-oil-imports/
Every day I choose news stories that affect all Americans. To see today's pick go to: https://flipboard.com/@lodgeco/michael-lodge-the-business-advisor-vt0agg1bz
Hosted on Acast. See acast.com/privacy for more information.