repulsewarrior wrote:Hardy describes who can and will lift Russian crude, and how much, as “the $64,000 question for the next couple of months”. “On the Russian crude oil side, what we are seeing is, yes, spot activity slowing down. People are not participating to purchase spot oil. So, there is quite a backlog of sales for April that have not been made by Russian producers because it is not clear that there is a market for that oil,” he continues.
https://www.pemedianetwork.com/petroleu ... d=85907689
...the spot market represents 25% of Russian sales, i believe.
This spot market ON CRUDE OIL (not gas) created huge problems to companies having long term contracts with Russia. The spot buyers were often getting lower prices and that caused unfair competition. It looks Russia was manipulating everybody a long long time ago using it's energy resources as a tool and everybody wanted to get rid of her... and it's not only the spot market manipulation, it's many other tricks... I will post links later.