Newsnewsrcw2014dyingrussiaregime

Tue May 21, 2019, 10:19 AM

Western buyers freeze payments for contaminated oil in extended Russian outage

MOSCOW (Reuters) - Total and Eni have stopped payments for the contaminated oil sold to them by Russian firms and said they will only pay when compensation is agreed, trading sources said, upping the stakes in what the sources say is Russia’s worst oil supply disruption.

Russian producers have already paid taxes such as export duties and mineral extraction levies to the Russian state for the oil they sold in April, putting them under pressure to recoup money they had expected to receive from the buyers.



Belarus has estimated the volumes of contaminated oil at around 9 million barrels, which in normal circumstances would be worth more than $500 million at current prices.

“This is probably the biggest Russian oil supply disruption ever. Oil along Druzhba continued to flow during the 1969 Prague Spring uprising, and in 1991 when the Soviet Union was collapsing,” a second trading source said.

Russia’s only previous significant disruption of exports via Druzhba was at the end of the last decade when Moscow suspended shipments for three days over a pricing dispute with Belarus.


SOURCE-https://www.reuters.com/article/us-russia-oil-exclusive/exclusive-western-buyers-freeze-payments-for-contaminated-oil-in-extended-russian-outage-idUSKCN1SQ13C

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Reply Western buyers freeze payments for contaminated oil in extended Russian outage (Original post)
Banshee 3 Actual May 2019 OP
quad489 May 2019 #1
Banshee 3 Actual May 2019 #2
Oldgeezer May 2019 #3
CokeMachine1 May 2019 #4

Response to Banshee 3 Actual (Original post)

Tue May 21, 2019, 10:40 AM

1. Where's the opposition ignoring putin worshiper..so he can explain why his hero is selling crap oil?

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Response to quad489 (Reply #1)

Tue May 21, 2019, 10:42 AM

2. She'll say it was Tel Aviv lies

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Response to Banshee 3 Actual (Reply #2)

Tue May 21, 2019, 10:59 AM

3. Yep.

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Response to quad489 (Reply #1)

Tue May 21, 2019, 04:12 PM

4. He probably relies on that withheld money

 

to support his copy/paste frenzies. I've noticed he's even posting in threads he didn't start. He's just trying to keep fit until the $$$ starts flowing again. He should stick with the copy/paste though. His original posts are pathetic and vapid.

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