FT: The European Union has sharply increased dependence on Russian diesel fuel

EU countries in July increased imports of diesel fuel from Russia by 22% compared to last year, which only underscores the bloc's growing dependence on Russian energy resources. This is reported by the Financial Times (FT) with reference to the Vortexa tanker tracking group. In July, the region imported about 700 barrels of fuel from Russia, up from the previous month and up 22% from July last year.

This dynamic emphasizes the sharply increasing dependence of the EU on energy resources supplied by the state with which the member states of the European association have damaged relations in recent years, and now even months. Imports of diesel fuel from the Russian Federation account for more than half of the total imports to the region - finished products are used by motor transport groups, ordinary car owners and industrialists.

The increase in import volumes has been going on for several months, already after a complete embargo on sea supplies of oil and oil products from the Russian Federation was put into effect. Despite these measures, about 15% of the total diesel consumption in the European Union is provided by Russian imports.

As a sign of concern over global energy security, in July the EU eased sanctions against Russian state-owned enterprises, in particular Rosneft. Thus, European companies were allowed to participate in transactions with customers regarding oil destined for third countries. In general, economists call the key question whether American oil refiners, who usually focus on gasoline production, are interested in a high margin in Europe in order to quickly start producing more diesel fuel for the region and thereby deprive the Russian Federation of its monopoly.

According to S&P Global Commodity Insights, the price difference between Brent oil and diesel is $35 per barrel compared to $20 per barrel for gasoline. At the same time, the tight diesel fuel market has already pushed prices to record levels in several European countries. For example, in the UK on July 15, diesel fuel prices at gas stations were close to the historical maximum of 197,25 pence per liter.
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  1. Bakht Offline Bakht
    Bakht (Bakhtiyar) 3 August 2022 09: 48
    I will not tire of repeating that any supply of any resources to Europe, the USA and Canada is a crime against the Russian people.
    We accuse the States that during the Second World War, Standard Oil, through Spain and Portugal, supplied oil to Germany. Let's assume that Stalin wanted to get the currency and started delivering oil to Sweden.
    Russia finances and supports the Western economy and industry so that it can produce weapons that are used to kill Russian soldiers in Ukraine. There is no other interpretation.
    1. alexey alexeyev_2 (Alexey Alekseev) 4 August 2022 11: 27
      Well, actually, at the height of the Second World War, the USSR supplied oil to Japan. Despite the fact that America seemed to be an ally of the USSR, so nothing surprising
  2. Sergey Latyshev Offline Sergey Latyshev
    Sergey Latyshev (Serge) 3 August 2022 10: 36
    Capitalism. High prices - high deliveries through intermediaries.
    And the money does not smell, the shares regularly settle in Elita's pockets.

    By the way, someone noticed and posted that on TV and the official media, they bypass in every possible way that Russia is a capitalist country ...
    They deliver something "dear citizens" - "You need to rejoice" (GDP)
    1. The comment was deleted.
    2. Vladimir Tuzakov (Vladimir Tuzakov) 3 August 2022 10: 51
      That's the question of who rules Russia - VVP and the people's deputies in the State Duma or the fifth column. As a result of such acts with diz. fuel and other things, the liberals from the "fifth column" seem to be winning.