this post was submitted on 27 Feb 2024
222 points (95.9% liked)

World News

39051 readers
3786 users here now

A community for discussing events around the World

Rules:

Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.

We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.

All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.


Lemmy World Partners

News [email protected]

Politics [email protected]

World Politics [email protected]


Recommendations

For Firefox users, there is media bias / propaganda / fact check plugin.

https://addons.mozilla.org/en-US/firefox/addon/media-bias-fact-check/

founded 1 year ago
MODERATORS
 

Ukrainian drones smashing into Russian refineries lately seems to be having an effect.

you are viewing a single comment's thread
view the rest of the comments
[–] MrEff 19 points 8 months ago (1 children)

This is a huge deal for India. They are the world's second largest exporter of refined oil, and the largest in asia. This means a lot of buisness is about to shift to them. This is also after India has been negotiating cheap raw oil off Russia due to a combination of sanctions and the occasional case of exploding refineries leading to excess raw oil in Russia

[–] [email protected] -2 points 8 months ago (1 children)

I am sure it will but India isn't even in the top 10 of country's pumping the most.

[–] MrEff 2 points 8 months ago

It isn't just about the pumping. You can pump crude all day and still be broke. Look at several of the middle east smaller countries or even most south America pumpers. The refining is where the industry and money is really at. Cars don't burn crude oil, it has to get refined. Plastics don't come out of the ground, they have to get refined. Saudi Arabia is the world's largest crude oil exporter and they still have to rely on others to refine.

In fact, here is a direct quote from OEC-

"In 2021, Saudi Arabia imported $7.43B in Refined Petroleum, becoming the 27th largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 2nd most imported product in Saudi Arabia. Saudi Arabia imports Refined Petroleum primarily from: India ($2.17B), Greece ($1.09B), Russia ($892M), United Arab Emirates ($835M), and Egypt ($689M)."