Russian discount oil: A missed opportunity for us | Fuel price hike Bangladesh | TBS News

Описание: The sanctions imposed on Russia by the US and its European allies since the Ukraine war have disrupted global supply chains of fuel oil and gas, sending prices sky high. While most of the countries are scrambling to secure their fuel supplies, the crisis has opened new avenues for brisk business for a few.

As the sanctions reduced its market in the West since the Ukraine war, Russia is offering discounts on its fuel oil shipments. China, India, and even the world's second largest oil producer Saudi Arabia are making the best use of the offer; they are buying cheaper Russian oils to meet domestic demand as well as export to Europe at much higher prices after refining.

Read more: https://www.tbsnews.net/analysis/russ...

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