empireOfLove2@lemmy.dbzer0.com
on 14 Sep 07:17
nextcollapse
India will never buy American oil because American producers cannot meet the costs of Russian oil. It costs too much to lift oil here and too much to ship that far, and Russian crude is still at a discount overall due to sanctions.
Russian crude is effectively free for India as only a few countries really want to deal with US sanctions over it and Russia has to keep the oil flowing or their derricks in the permafrost will freeze over.
US has to meet effectively free, which probably isn’t happening - even Ukraine’s whittling down of Russia’s refining capability doesn’t stop the trade to India as they’re fine with crude.
threaded - newest
India will never buy American oil because American producers cannot meet the costs of Russian oil. It costs too much to lift oil here and too much to ship that far, and Russian crude is still at a discount overall due to sanctions.
Russian crude is effectively free for India as only a few countries really want to deal with US sanctions over it and Russia has to keep the oil flowing or their derricks in the permafrost will freeze over.
US has to meet effectively free, which probably isn’t happening - even Ukraine’s whittling down of Russia’s refining capability doesn’t stop the trade to India as they’re fine with crude.
I don't see why not both can be true.