Athabasca Oil Corp T.ATH

Russia Use More Of Its Own Oil Tankers To Dodge Sanctions

[smallcaptdr]

I posted a month ago that Russia will use ghost ships to avoid sanctions and now they're up to finding ways to squirm through G7 sanctions so we know that back in Oct Russia increased Oil production and that they are selling their premium Oil for $38 compared to Brent at $85 so we really don't know just how much Oil Russia is feeding into the world but it seems obvious that they are taking out a large percentage of demand and the #1 buyer is China leaving them having to top up with our higher-priced Oil so with Russia doing what they're doing the demand for our Oil might not be as high as expected. Since Oil has started to rise it will play into higher gasoline having an effect on Inflation and if Inflation rises then the FED and Central Banks will have to continue to raise rates creating a global recession that will hurt China's turnaround along with fighting COVID China might of reopened at the wrong time even though China workers will return the global recession will hurt manufacturing which I see still declining. China's reopening will take 3 months to really gauge demand vs recession for Oil prices.



Russia Forced To Use More Of Its Own Oil Tankers To Dodge Sanctions | OilPrice.com

Russia Boosts Oil Output Despite Western Pressure – Kommersant - The Moscow Times

Russia’s Flagship Oil Is Trading at Half Global Prices With Tiny Pool of Buyers - Bloomberg

COVID in China: Satellite Images Seem to Show High Death Toll | Time

Russia And Iran Invest $20 Billion In New Trade Route To Avoid Sanctions | OilPrice.com

[tdsb]

I don't know whether I would believe Bloomberg News reporting that Russia is selling their oil at half price with a tiny pool of buyers. It sure sounds like Western propaganda, if you are selling oil at half price the buyers would be lining up. Absolute NONSENSE! Cheers

[cahclick]

Including Smiling Joe  

[cnotes22]

This post has been removed in accordance with Community Policy

[tdsb]

I just got one point for my last post but Stockhouse took 22 points off my reputation. After this post I will be back to zero. Cheers!

[mugs19]

tdsb: I covered this on another bullboard. Thou shall not critcize left wing politics or "conventional wisdom" or thou shall be penalized! I'm almost back to under 100 and aiming to get as low as the little snow flake monitors can put me. Stockhouse is just a fun game. mugs