European Economics Thread
- Thread starter PiSigma
- Start date
PiSigma
"the engineer"
I'm not sure if we want to include Russia into this thread, since there is already one for Russia. Or we can just merge the two?
Or do we want to keep this thread more of a EU + UK economics thread?
Bring back @Gatekeeper!
Or do we want to keep this thread more of a EU + UK economics thread?
Bring back @Gatekeeper!
Nation With No Refinery Is Shipping Fuel to Biggest Oil Exporter
- Estonia has no oil refineries, shipments most likely Russian
- Flows into Saudi Arabia are rebounding after two-year hiatus
Estonia, a country without a single oil refinery to its name, has ramped up its supplies of fuel oil to Saudi Arabia.
The Baltic nation will deliver more of power-generation and shipping fuel to the world’s largest crude exporter in June than it did in any month over the past few years.
In reality, the cargoes most likely originated in Russia, according to Iman Nasseri, the managing director for the Middle East at consulting firm FGE. The country has received fuel oil by rail from Russia, he said.
Estonia imported 8 million barrels of fuel oil in the first five months of 2022, of which most came from Russia and got reexported again, according to Nasseri.
Fuel imports from Russia are permissible under EU law until December, said Marie Allikmaa, head of international economics at the Estonian Ministry of Economy. The ministry wasn’t able to comment on the shipments to Saudi Arabia, or whether they would have originated in Russia.
Saudi Arabia will have imported three cargoes of Estonian fuel oil in May and June, compared with only one in each of the preceding two years, according to data compiled by Bloomberg from shipping analytics firm Vortexa Ltd., and further checked with port information.
Saudi Arabia’s Aramco Trading Company and the Ministry of Energy didn’t respond to a Bloomberg News request for comment.
Russia needs to identify new markets for its oil and fuel after European buyers stepped back following the invasion of Ukraine.
For Saudi Arabia, the fuel might be useful for power generation, even freeing up crude oil for export markets.
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Ngl reading the Indian economics thread was a highlight of my day. I'm still sad the mod decided to lock it.
True, I also enjoyed the "awesome schools of india making of global citizen and taking education to new heights" thread
That was Peak delusion
Awesome Schools of India-Making of global citizen and Taking education to new heights.
Hi everybody, Since most of the threads become troll thread where every member wants to prove his/her superiority and how his nation is far ahead of others, some good though provoking , inspiring thread is needed here to relax and have meaningful discussion. There are some awesome schools in...
www.sinodefenceforum.com
Here for all the eurozone and Europe related economics news.
Pipeline gas from Russia to Finland probably goes for around US$4/MMBtu. But buying Russian liquefied natural gas transported by ship is probably going to be around like above, maybe way above US$10/MMBtu with current spot prices. Best guesstimate since they don't often announce their prices. Lol.
Pipeline gas from Russia to Finland probably goes for around US$4/MMBtu. But buying Russian liquefied natural gas transported by ship is probably going to be around like above, maybe way above US$10/MMBtu with current spot prices. Best guesstimate since they don't often announce their prices. Lol.
Are they going to import Russian thermal coal