China buys cheaper oil from Russia


In the last days of March 2020, Russian Urals oil set another anti-record, having fallen in price to $ 13 per barrel (CIF port of Rotterdam). Moreover, China, in February-March 2020, has already bought more than 1 million tons of cheaper Russian oil. It should be borne in mind that if such a low price persists, oil duties will be reduced and the severance tax will decrease, which may affect the Russian budget.


According to Bloomberg, referring to traders, in March 2020, Chinese refineries purchased with the delivery in April of this year 10-12 cargoes of Urals brand oil. Moreover, the Singapore company Unipec (a trading subsidiary of the Chinese state oil and chemical corporation Sinopec) purchased at least 9 cargo, including 7 cargo from Surgut. In addition, the Chinese purchased 1 Urals cargo from a Litasco trader.

Bloomberg noted that in February 2020, China bought 540 thousand tons of oil from Russia, and in March this year already 700 thousand tons. Thus, traders are signaling that China has begun to recover economic activity.

At the same time, the Norwegian state-owned company Equinor ASA announced that it intends to increase production at the Johan Sverdrup field in the North Sea, reaching a maximum of 470 thousand barrels per day in May 2020. Norwegians decided to increase production by 30 thousand barrels of oil per day, despite lower prices in the raw materials market, which will add imbalances even more.
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  1. Arkharov Offline
    Arkharov (Grigory Arkharov) April 1 2020 00: 14
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    And here, recently, someone was happy how the Chinese and I outwitted everyone. What exactly do they take from us, and the Saudis paw for a day, in Europe, everything is cheaply flooded to the eyeballs, right down to plastic half ains. A crime on the part of the Chinese would not be a storehouse at this price, but what then?
    1. 123 Offline
      123 (123) April 2 2020 21: 25
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      And here, recently, someone was happy how the Chinese and I outwitted everyone.

      If you mean me, then there was no talk of any "outwitting". Our industry is working, oil is being sold. And as with them, these are not our problems. no

      What exactly do they take from us, and the Saudis paw for XNUMX hours, in Europe everything is cheaply flooded to the eyeballs, right down to plastic half a cup.

      As for the paws, I’m not sure, we went to Trump, and he, like, has no paws. request And about one and a half, do you have other information? sad

      A crime on the part of the Chinese would not be a storehouse at this price, but what then?

      Quite right, the main thing in this situation is that the storage facilities are clogged with Russian oil. And then what? Most likely, in China there will still be a decline in production. They establish production, but markets are closed. It’s like movement in a column, one became and twitching started. While everyone will gain the same speed, a lot of time will pass, but some will have nothing to go on.
      China will slow down, India should start recovering by then, it will need oil, and they will take it in Russia, because they have been dragged into the development of deposits. They will buy where they participate in production in order to support their companies.
      Meanwhile, the Saudis have been instructed that they want and will collect OPEC, Russia will probably agree to a meeting, but will refuse to reduce production. Something like this hi
  2. gorenina91 Offline
    gorenina91 (Irina) April 1 2020 03: 12
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    China buys cheaper oil from Russia

    Bloomberg noted that in February 2020, China bought 540 thousand tons of oil from Russia, and in March this year already 700 thousand tons. Thus, traders are signaling that economic activity has begun to recover in China.

    - That's the whole "stabilized price" for oil ... - arrived ...
    - Ха, а "цифровая часть" сайта ожидала, что якобы Китай скажет России, что, мол, он же договаривался с Россией покупать у неё более дорогую нефть (так и в договоре указано); а Россия вдруг продаёт ему свою нефть по более низкой цене... - это же для России плохо ...- Как же так ...- ведь Китай беспокоится о России ...- ведь Россия потерпит убытки... - Да как бы не так...

    According to Bloomberg, referring to traders, in March 2020, Chinese refineries purchased with the delivery in April of this year 10-12 cargoes of Urals brand oil. Moreover, the Singapore company Unipec (a trading subsidiary of the Chinese state oil and chemical corporation Sinopec) purchased at least 9 cargo, including 7 cargo from Surgut. In addition, the Chinese purchased 1 Urals cargo from a Litasco trader.

    - Personally, I’ll say something else ...- And how did China acquire this Russian oil ...
    - Indeed, the American sanctions against Russia are in force, which China itself supported ... - How so ...
    - Ха, да Китай может просто приобрести этот объём российской нефти просто "на корню" (как урожай на корню) и...и не вывозить её из России ... - И никаких поставок нефти из России в Китай в апреле 2020 года не будет... - И эта нефть останется в России.., тем более, что нефтехранилища у Китая заполнены...- таким образом Китай даже и американовские санкции против России не нарушит... - А потом, когда цена на нефть возрастёт ...- Китай может просто продать эту же российскую нефть ...- опять самой же России и купить нефть у России уже по договорённой цене (которая будет ниже взлетевшей к тому моменту цены на нефть) ... - Вот и всё ...- на ровном месте, без всяких затрат ...- Китай заработал кучу денег... - А что получила Россия ??? - Дырку от бублика...- одни убытки...
    - And by the way ...- and who is stopping China from simply reselling Russian oil at its set price ??? - Here is the “faithful” and “reliable” partner ...
    - By the way ... - the speculative market is open to everyone ... - This is Russia with its "ingenious guarantor" that is trying to set "stable prices" with the Americans and to sell its hydrocarbons at "set prices" at the price of "rotten hemp" and "lovely straw" ...
    1. plabu Offline
      plabu April 1 2020 05: 05
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      Quote: gorenina91
      ... - Ha, and the "digital part" of the site expected that ...

      First of all, I would like Madame Yablondi to stop being rude, but this is just very unrealistic. bully
      And the fact that continuation and chewing on all the same topics will continue from you - almost no one already doubts, however, the sense of this "analytics" ... - well, V.S. Vysotsky has long been talking about the result from your opuses wrote, but when it bothered you, huh? hi
      1. 123 Offline
        123 (123) April 2 2020 20: 06
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        Don’t worry, colleague, hi the “analog” group slows down; in the digital age, obsolete analog equipment cannot cope with the volume and processing of information. winked
        1. plabu Offline
          plabu April 2 2020 20: 44
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          I do not worry at all, so, a statement of fact, no more ... hi
  3. oracul Offline
    oracul (leonid) April 1 2020 06: 16
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    Очередная возможность для некоторых позлорадствовать в адрес России. А в чем, собственно, проблема? Идет нефтяная война за передел мира. Это и не скрывается. Главное, нефть берут у нас, а не у конкурентов. Ну, а Норвегия со своими баррелями пусть идет куда хочет, ей надо думать о будущем без нефти, да и цена для них не будет хорошей.
    1. 123 Offline
      123 (123) April 2 2020 20: 14
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      Absolutely. good Oil is sold, people receive a salary, the budget, although less, receives taxes, and ghost tankers with Bedouin oil aimlessly plow the ocean, because there is no destination. We stock up on popcorn and watch the tantrum of Prince Salman. smile