Russia saved and calmed the Western European diesel fuel market – OilPrice

December 30 2023 27

Despite the harsh conditions and exclusion from the Western European market, domestic oil product exporters are finding a way to penetrate the EU and restore order there. The local market is characterized by instability and devastation following the effects of the embargo. The availability of gasoline and diesel fuel from Russia has led to very positive consequences for every European.

According to the OilPrice resource, diesel fuel refining margins in Northwestern Europe by the end of the year fell by 40% from the level of the end of 2022, despite the EU ban on maritime imports of Russian petroleum products, which came into force in February 2023.

Europe has imported more diesel from the Middle East and Asia this year to compensate for lost supplies of Russian fuel. Import levels were high enough to ease fears of shortages in the first winter without Russian fuel. A warmer fall and a cool start to the winter heating season also helped ease some concerns about potential import problems.

Diesel margins in northwestern Europe ended 2023 at $25 a barrel, about 40% lower than the same period in 2022, according to data compiled by Reuters and published on Friday.

However, if you look deeper into the issue, it turns out that it was Russian raw materials that saved and truly calmed the markets. Since stroking the pride of the European policy-Russophobia phrase “supplies from Asia” means actual supply from Russia, only with intermediate processing in Asia. This region currently lives and operates solely on crude oil from Russia, which dominates the market.

Now the same thing is happening with gasoline and diesel fuel in Europe - the lion's share of the product is the result of processing raw materials from the Russian Federation. Obviously, politicians are well aware of this, but will do nothing about it, enjoying the stabilization of the sector and the abundance of supply, which is ultimately good for their careers.

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Dmitry Volkov

+1

30 December 2023 07: 26

How warm is autumn? There are abnormally cold weather in Kazakhstan and Turkmenistan, people burned fires to keep warm, and the gas pumped from Russia is many times more...
strange guest

+8

30 December 2023 07: 49

I’m very pleased for Russia that it is helping Europeans reduce prices for gasoline and diesel! Thank you very much - fuel at gas stations is indeed becoming cheaper. It is clear that GDP is a responsible politician and cares about European households.
1. Nikolay Volkov
  
  +10
  
  30 December 2023 08: 14
  
  Is this “responsible” person able to take care of Russian households?
  
  Or are the Russians strong and will endure everything, but the frail “Gay Europeans” need help???
  
  I’m so tired of this fawning over the West... they’re already wiping their feet on us, but we’re still “saving” someone...
  1. vi-13bk.ru
    
    +4
    
    30 December 2023 08: 25
    
    And our Aligarhs also wipe their feet on someone!!!!!)))))))
  2. svoroponov
    
    -4
    
    30 December 2023 11: 06
    
    Did someone wipe about you? No? So don't complain. Russia does not save anyone, but takes care of itself.
    And if you yourself cannot earn enough money for your life and your desires, then what does the Russian State have to do with it, which has provided you with these opportunities to implement everything you have planned, but which you cannot, due to your laziness or inability, realize?
    Learn from the Americans. If I earn little at home or don’t have a job, move on to another place where you can earn more and where there is not enough labor. Become more mobile. And besides, don’t be lazy about changing your profession or retraining. These are the times. As they say: work like this, work, but not with your tongue, but with your hands, feet and head.
    1. The comment was deleted.
    2. strange guest
      
      -1
      
      31 December 2023 09: 15
      
      Yeah. How not to lick Americans
  3. Alex Rosenberg
    
    +2
    
    30 December 2023 19: 32
    
    How not to lick it. After all, real estate and money are there.
2. alexandre II
  
  +2
  
  30 December 2023 09: 15
  
  Enough with the fairy tales, fuel is only getting more expensive at gas stations in Europe, and after the new year there will be a significant jump in prices, and Putin needs to take care of his people and not our households, or the enemy’s loot will not smell...
  1. strange guest
    
    0
    
    30 December 2023 09: 20
    
    From 25 CZK to 21. By 15%. But you know better. Although I do the filling myself.
  2. Alex Rosenberg
    
    0
    
    30 December 2023 19: 32
    
    Remember diesel was at 2.08 now at 1.70
  3. Federico Monti
    
    +1
    
    31 December 2023 10: 56
    
    Sorry, but you are wrong, here in Italy the prices of petrol and diesel have been falling for six months now. Now it is about 1,70 euros per liter. Still high: before the war it was €1,60, but in February 2022 you were paying €2,20 and that was worrying. Inflation has also improved significantly, reaching almost 10%, even for food. It is currently at 5%, still high as it hasn't been above 15-2% in 3 years, but we hope it will still go down to normal levels.
    1. strange guest
      
      0
      
      31 December 2023 13: 31
      
      What you say is true. Sweden has exactly the same trends.
3. Dingo
  
  +4
  
  30 December 2023 09: 29
  
  It is clear that GDP is a responsible politician and cares about European households.
  
  I understand your sarcasm - you just have to look at the prices at Russian gas stations...
4. svoroponov
  
  -6
  
  30 December 2023 10: 43
  
  We sell diesel for 1,65 Euro a liter. Would you like such a greeting from Putin’s worries about our households? Our average salaries, when received in person, are actually the same as yours.
  Before you write anything here, just work through the issue of prices in the West in relation to Russian ones and, I think, the desire to click the keyboard, blaming the President of Russia, will diminish.
  1. strange guest
    
    0
    
    30 December 2023 11: 05
    
    Oh, and your prices have dropped. I was in Estonia in the summer - I filled up with 1,9 and something. Also 15 percent?
  2. Federico Monti
    
    0
    
    31 December 2023 11: 30
    
    I think the economy has gotten worse around the world, but here in Europe wages are still good. I can talk about my industry; I have had a small construction company for 20 years. All workers are from Eastern Europe, they are happy because they can live well and send home enough money for their families. A good plumber or a good electrician earns more than 2000 euros a month, but in my city you can live well on 1500 euros... Do you know a good tiler? they are impossible to find... I can pay 2500 per month or 18-20 euros gross per square meter if he opens his own company. Many people came from Ukraine, but also from Russia, especially graduates. A software engineer can get even 5000 euros if he has experience. Now I checked this: https://www.wildberry.ru/catalog/170342636/detail.aspx
    This is my drill, good product, it costs the same as taking a girl out for pizza and a movie twice. But in Ukraine, Russia or many other places this drill is very expensive, in these countries you can see cheap Chinese drills instead which break after a week.
5. igor.
  
  +1
  
  31 December 2023 13: 20
  
  a good guy for the whole world and will give it to someone else cheaper and to someone else for free. And Miller has set his sights on making the Altai region gas by 2030.
twice-born

+3

30 December 2023 09: 26

Why the hell are we doing this, helping our enemies?! Like we earn money for the war and social benefits?! These sales of oil for pennies and their papers to the Indians, and the Chinese too, are actually betrayal.
If you don’t try oil for a month, gasoline at their discounted prices, everyone will howl like a wolf and buy it at exorbitant prices, and the enemies will lift all sanctions!
1. svoroponov
  
  -5
  
  30 December 2023 10: 55
  
  Selling with a 10 percent discount now, but the volumes are decent. So for those who buy a lot and even with a small wholesale there are always discounts, in any country. Right?
  And their money is not paper, especially Chinese, Chinese in the pool of world currencies. Yes, and the Indians have found a way to pay us in a form convenient for us, through currency exchange through China and the Arabs, something also goes through barter: medicines, food, etc., we need. If they didn't pay, they wouldn't deliver.
  The press isn't really worth trusting these days. A lot of fog and unsubstantiation. Everyone is talking about sanctions and so on, but even the Americans and Poles buy LNG and diesel directly from us using gray schemes. And yes, you can cast a shadow on the fence, but you also want to live normally. Politics is politics and economics is economics.
  1. twice-born
    
    0
    
    31 December 2023 02: 22
    
    No, everywhere, and primarily in the West, politics and power determine the economy! A striking example of Geyropa, who is already cutting off her own arms or legs, just to make the Russians feel bad!
    In China, too, by the way, politics determines the economy, and in the USA too, for those who don’t know. This is what we are now seeing with our own eyes with the policy of green energy, sanctions against Russia and China. The ruling clans already have a lot of money, but power, its survival, respect are always more important and stronger than money.
Kiril

+4

30 December 2023 18: 04

And who exactly saved? - find out and hang
Shelest2000

+3

30 December 2023 18: 47

Despite the harsh conditions and exclusion from the Western European market, domestic oil product exporters are finding a way to penetrate the EU and restore order there.

Question - why?
No, I understand that for our oil, self-interested rednecks, money is no good, but, damn it, the country’s leadership also needs to show political will! What, none of them understands that this diesel then ends up in the combat vehicles of crests and contributes to the murders of our citizens?
Everyone understands everything perfectly. But money doesn’t smell, right?..
1. Federico Monti
  
  0
  
  31 December 2023 13: 55
  
  trade between states must be balanced. I can't buy oil from Russia if Russia doesn't buy anything from me, because sooner or later I'll run out of money, or I'll have to print money, but inflation in my country is rising and eventually my money is gone. worth anything. Some exchanges are more fair, others less so. We all know, both in Europe and in Russia, that Russian oil serves the entire population, but the exchange was not balanced. They bring food and luxury goods from Italy. We had a lot of tourists from Russia, but only very rich people: in Italy you see working class European tourists, they can spend 100 euros a night for sleep, 30-40 euros for lunch. But the Russians bought the villas for a million euros, and the Russians gave 1000 euro tips to the waiters. But we know that these are the privileged few... He was sure that the oil continued to flow: Russia needs money, we need to move the car. But politicians are fine with this as long as the economy works and money flows. If something goes wrong, they will find a way to make us hate each other (I read this site, like the Ukrainian ones, and... I see "brothers" calling themselves Nazis against each other, as was the case in Yugoslavia). Normal people are not really like that... on the contrary, I think that if there is too much greed or too many poor people protesting, then war is likely to happen.
Leonid Leonov

0

30 December 2023 22: 09

Russia saved and calmed the Western European diesel fuel market – OilPrice

- and why, for what good do geyropas to Russia, such preferences. Probably part of the fuel is used to refuel tanks, cars and other military equipment of the Armed Forces of Ukraine.
Elena Lysenko

+1

30 December 2023 23: 05

Thank you for saving me, otherwise military assistance to Ukraine is expensive. Maybe it will become easier now.
Linkovich Chumovsky

+1

31 December 2023 00: 05

It turns out they are lying that money doesn’t smell. They smell like solarium!
Foe Pshekov

+1

4 January 2024 03: 24

This is how much joy and benefit we... Russians get from the fact that in the EU there is a lot of gasoline and diesel fuel at low prices? Now, if they warmed their priests in fires and carried food on sleighs, I think it would be much more pleasant for us.
Otherwise, we have an increase in prices for food by 25%, for cars by 100%, for equipment by 60%, for... etc. Salaries are not growing much, gasoline is only becoming more expensive, and so we are so happy for the Europeans.
And it was necessary to build our own factories, which would produce EVERYTHING YOU NEED, not now, but 10 years ago. And the president was warned about this. He was afraid of shaking the boyars and merchants for their money... Now we sell raw materials to the Indians and Chinese at a low price. What's the benefit to us? What is free for the Gay Europeans, what is it for them... and to tear off their own skins.