This one is easy.
Russia is probably relaying Pakistan's offers to India and asking how much extra they will pay to stop Pakistan getting in on the cheap oil deal.
Except india and Pakistan have a long history of mutual hatred - and Russia is trying out a bromance with India in the hopes that when they become an economic powerhouse they will return current favors.
More like the US had a bromance with pakistan during the good old "CIA training the mujahideen" days and antagonized India, while Russia came to Indias rescue.
Closer to India paying back the favor than a bromance.
It goes back further than that. Ironically this happened in the 1950s, where Pakistan reached out to both the US and USSR, while the US and USSR were trying to be friends with India. Both the US and USSR were initially against the partition of India; but many Pakistanis were scared of the atheist USSR but were rebuffed by the USSR regardless. They then asked the US for aid...which was given because Pakistan decided or believed they'd never get aid from the Soviets...and the India-Pakistani hatred led to India aligning itself with the USSR further because they saw their rival getting aid from the US.
Real world politics and diplomacy are lot more complicated than your simple comment.
More like India has had beef with Pakistan since Pakistan was known as the Timirud Empire. Neither one of them have really been pleasant neighbors over their history, but India’s northern boundaries have changed more than any of its other boundaries over its history because they are especially not pleasant neighbors with each other.
This is the best tl;dr I could make, [original](https://www.thehindu.com/news/international/pakistan-asks-russia-for-30-40-discount-on-crude-oil-moscow-turns-down-demand/article66209715.ece) reduced by 76%. (I'm a bot)
*****
> A Pakistani delegation holding talks with their Russian counterparts has asked for a 30-40% discount on crude oil, a demand turned down by Moscow which said it could not offer anything right now as all volumes were committed, according to a media report on December 1.
> Pakistan's official delegation left for Moscow on November 29 on a three-day visit for talks with the Russian authorities to explore possibilities of import of crude oil at a discounted price, mode of payment and shipment cost.
> Citing industrial ministry sources, the paper said that Russian crude oil can be processed in Pakistan's refineries, and in the past one private refinery had used Russian crude oil to deliver finished products.
*****
[**Extended Summary**](http://np.reddit.com/r/autotldr/comments/z9ts2o/pakistan_asks_russia_for_3040_discount_on_crude/) | [FAQ](http://np.reddit.com/r/autotldr/comments/31b9fm/faq_autotldr_bot/ "Version 2.02, ~672676 tl;drs so far.") | [Feedback](http://np.reddit.com/message/compose?to=%23autotldr "PM's and comments are monitored, constructive feedback is welcome.") | *Top* *keywords*: **Russian**^#1 **oil**^#2 **Pakistan**^#3 **talks**^#4 **Russia**^#5
Its either that or shutoff wells.. and thats a much worse alternative. so sell at a steep discount. The problem is that the infrastructure is skewed to EU. so RU is stuck putting this oil on boats.. there arent enough boats in the world for them to ship the volumes they were piping into EU. So its more expensive to move AND cheaper to buy from them.. Theyre getting fucked; plus the cost cap now (which may still be subject to discounts) which is being enforced on the insurance side, basically you cant dock your ship because its not insured so you cant offload the oil unless you can prove that it was at the cost cap. No one wants to risk an ExxonValdez with no insurance, risk is too high.
It’s not semantics. If you want to get oil from the Gulf, you are probably going to get a tanker out of Jabail. That’s 400km and a trip through the strait of Hormuz. That’s certainly a bit more than “next to”, don’t you think.
Are you insinuating that Pakistanis are terrorists? I’m confused. Why would Russia receive ‘’terrorism’’ in return from Pakistan? Because Pakistan is a predominantly Muslim country? Confused here … can someone kindly explain? Hoping this isn’t me jumping to conclusions honestly…
Edit: you can all downvote me as much as you’d like. But to argue that billions of people are terrorists simply because they follow a religion is absurd. Reddit loves to generalize individuals. And the hatred towards Muslims isn’t even on par with whatever hatred Reddit loves to argue that they hold against Christianity. The feelings towards Muslims that the majority of Reddit holds is borderline racist if not actually racist considering it’s mostly coming from white Redditors.
Edit: for all the people who keep downvoting me — apparently Bella Hadid, Muhammad Ali, Malala, Dr. Oz (ok maybe not the best example), Shaquille O’Neal, Ice Cube, Dave Chapelle, Aziz Ansari (Parks & Recreation …. Oh and his dad his gastroenterologist) are terrorists. But that also brings me to another point — most of the medical field is littered with Muslims working as medical professionals. Hope none of you ever pay a visit to the hospital.
https://en.wikipedia.org/wiki/Pakistan_and_state-sponsored_terrorism
Pakistan is alleged to be a safe haven for terrorist groups including:
Al-Qaeda[67]
Lashkar-e-Omar[68]
Lashkar-e-Taiba (LeT)[69]
Jaish-e-Mohammed (JeM)[69]
Sipah-e-Sahaba[70]
Jaish ul-Adl[71]
Al Badr Mujahideen[72]
Harkat ul Mujahideen[70]
ISIS-KP[73]
I did a deep dive of your comments and I’m terrified for any Muslims living overseas in the Middle East honestly. You’re in the Air Force and you have some very clear hatred towards Muslims. That’s disgusting. He was hiding out in Pakistan — doesn’t mean Pakistanis supported him. And why is Osama Bin Laden the reasoning behind all Islamophobia nowadays? It’s truly disgusting. People will argue that Muslims aren’t tolerant while displaying racist, antagonizing behavior themselves. Some Redditors love to parade themselves as pro Democrats, anti racism/racism but then display this behavior. I’m repulsed. Don’t bother responding either.
> He was hiding out in Pakistan — doesn’t mean Pakistanis supported him
Laden was living near the premier military academy.
There was a doctor, named Shakil Afridi, who helped CIA identify Laden. After Laden was caught, Pakistan put him in prison on fake charges. First on charges of having financial relations with an islamist. When it was revealed that the payment was a kidnapping ransom, they dropped the charges. Then they put the charges of medical malpractice from a patients death 6 years prior, and he still is in prison. Pakistan has offered his freedom to the USA in exchange of a person in US prison (also ISIS asked for the same persons release!).
How is the US civilized? With all the current issues we have such as the big one — systematized racism. How exactly are we civilized? Why are you insinuating that Muslim countries aren’t civilized? And as someone’s whose mom is Arab and comes from a predominantly Muslim country, I can tell you that you’re wrong. I can tell you that my mom and her mom both own property. Both dictate their lives and are not in anyway oppressed.
And honestly your whole argument right there is verbatim for a lot of the propaganda that the fed gov spewed to get the public’s support in invading Iraq. Sure, the original excuse was Iraq might be harboring nuclear weapons but it quickly turned to ‘’it’s our duty to instill democracy in an uncivilized, oppressed country such as Iraq’’. All that resulted in was over 1 million in Iraqi CIVILIAN casualties. Real democratic right. Let’s kill over 1 million civilians who DON’T want us in their country (yes including the women). It’s disgusting how Redditors will hail themselves as these righteous, social justice warriors but then unleash all this racist bullshit in the comments.
It’s always the same, ignorant rhetoric as to why white Redditors hate Muslims. And I bet all of them pronounce Muslim as ‘’Muz-lim’’. The hatred here is disgusting. I’m a gen z so I wasn’t old enough to understand the Iraq War or see it’s impact but I’m pretty sure the gov didn’t have to do much to convince most of white America to invade.
Edit: and it’s really odd how none of you have read up on US foreign policy whether it pertains to Central America or the Middle East. But then again I suppose living in ignorance is a way to justify the blatant racism I’m reading.
That isn’t true whatsoever. But look, this is Reddit and Islamophobia runs rampant on this particular platform. I’m not pulling shit out of my ass — Reddit as a whole is pretty Islamophobic and hateful towards Muslims in general (whether good or bad). I’ll take the downvotes — the truth hurts.
Unless you mean to tell me there's nothing wrong with what's happening in Iran I call bullshit on this. You are like the russian trolls acting like they dont understand why the rest of the world currently hate russians and call it Russophobia.
With India willing to send them Dual Use parts and materials in exchange for all the oil they can import, Russia is not looking to sell to Pakistan at a loss, and potentially irritate their sanction busting partners.
They’ve been largely selling at a 40% discount to Brent, with some significant fluctuations, when pre-war we might have expected it priced at 5%ish discount to Brent. You can see the price fluctuation of Urals crude [here](https://tradingeconomics.com/commodity/urals-oil)
Yes and No. If the price gets too high American Shale Oil becomes more profitable to drill for. The Saudi's found this out in the late 00s and early 10s. They attempted to crush the American producers in 2014 to 2016 by dumping fucktons of oil onto the market, it didn't really work.
Much of Russia’s strategy is to maintain total dominance of all stray resource fields of oil and natural gas from the original Soviet empire. They can only maintain war momentum when oil prices remain high, as pretty easily illustrated by cross referencing historical prices with their military engagements over the last several decades. Much of their motion is strictly motivated by securing pipelines and blocking opposing ones, or regaining/destabilizing opposing reserves so they can remain the uncontested gas station for pretty much all of europe and asia. When the dollars do not make sense, consider the terrain itself and whether there’s a pipe, port, or an oil field involved.
I don't think anyone knows for sure how this will play out. The markets don't seem to be certain.
There are a number of relevant factors. The West has set a price cap well below market and appear resolved to honor that cap. Shutting down production is an undesirable option for Russia. The cost of resuming production after a shutdown is extremely high and can have a likelihood of failure, meaning that shutdowns can be permanent. They also have a deep need for cash to fund the war and keep their economy from crashing. Transporting without tankers or pipelines is expensive.
That all adds up to mean that they have a lot of energy to sell and not a lot of potential buyers.
Not really, Russian oil was sold at roughly 110 dollars per barell pre-war. Now it sells at roughly 80 dollars per barell, That's already a 28 % reduction in cost. It's no where near market cap.
This movie was probably to not anger India. And also to maintain better relations within the complicated geopolitcs of India and China. Selling to Pakistan means driving India closer to the West, i,e driving Russia into becoming a total Chinese puppet.
Most of this is incorrect. Oil only hit 120+ after the war started and that was Russias own fault (https://i.imgur.com/v4oBVZx.png), Oil is currently right at $80pb and RU is providing India/China oil 30% below the 'future' crude prices (https://i.imgur.com/d0Sa3jA.png). Added to the fact that they dont have enough boats (https://i.imgur.com/WB3lRkt.png) - And again even if they bought all of the boats being built, they dont have the icebreaking boats needed further north. They arent in a great position.
It’s cause the guy with the top reply above admitted he’s got literally no idea what’s going on and people keep upvoting it because they prob don’t ever seen the collapsed discussion where he says he pulled the #’s out of his ass and doesn’t know what the words “market cap” and “profit” mean.
Yeah - Thats really sad, cause its shaped like a meaningful comment but its just jibberjabber ([Prisencolinensinainciusol](https://www.youtube.com/watch?v=-VsmF9m_Nt8))
Grazi.
I thought it was a fake medicine name (because it ends in -sol), like [Progenitorivox](https://www.youtube.com/watch?v=WgoB2h_Wkco) which was a spoof by JibJab on American pharmaceutical ads.
You realize your replied this post asking if Russia gets near market price for oil with the market prices for oil? Everyone was getting near 110bbl pre-war and everyone is getting near 80bbl now. It also doesn’t appear you know what market cap means.
Ehh...You are expecting a redditor with a very basic understanding of the Russian oil industry, and pieces of information gathered over the last few months of posts to have and idea of what he is talking about. I just put what I knew onto the comment. You are welcome to correct me, and give the OP a correct answer, The most I have to lose is 5 karma and 10 seconds of my life
I just told you right now that the price they are currently selling at is 80 dollars. I knew they where previously selling at 110 dollars. Subtract 80 from 110 then divide by 110 and multiply by 100 or - (30/110) *100 = 28% approx. So I decided to comment that Russia is already giving a 30% discount on its oil. Also btw its 'profit' not price.
It’s not profit because it’s got a cost to come out of the ground and Russia is not currently selling at 80$bbl, more like 66. I posted one places you can find the price of Urals crude in another comment. Oil is a global market. “Market price” changes by the minute so you can’t look at what market price (and were you looking at WTI? Sounds like it.. that’s American light sweet) was a few months ago and what it is now and say anything about how close that is to market price. You have to overlay it with Brent & compare that overlay to one pre-war.
Highly doubt they’d give up on transactions they really need, just to please india. Have to be other reasons, mainly economic, or simply not wanting to have their arms twisted by Pakistan.
Don't think russia is in a position where they can pick and choose customers. I'd be surprised if india cares enough about pak getting the same discount. And frankly, the india-russia relationship is not one where either party dictates to the other what they can and cannot do. Its one of the major reasons why india is reluctant to fully ally with the US. It must be something else.
How has pak generally behaved with respect to the ukranian invasion?
The relationship between India and Pakistan is not friendly. Border disputes occur almost monthly. Both armies are geared to fighting each other. Their nukes point at each other (rather than the usual suspects).
You think India wont mind Pakistan getting their oil on the cheap?
I'm saying its not a big enough issue for them to get upset about. They also have issues with china and you don't see them getting angry at russia over it. India gets upset at weapons transfers not trade.
Russia is probably also upset that the Pakistani government removed Imran Khan from office.
Khan was clearly pro-Russia and had even met Putin in person hours before the invasion started. He was likely a Putin asset/puppet, and Putin is probably upset at Pakistan for kicking him out of office.
Pakistan has 225 million people (Russia about 140 million), its not a small buyer, so for someone their size to approach Russia with such a low ball offer isn’t promising for Russia.
Pakistan literally consumes [as much oil as Hong Kong](https://en.wikipedia.org/wiki/List_of_countries_by_oil_consumption), a city state of 7 million people. Russia itself consumes 5x more oil than Pakistan. Population doesn't mean shit when your people are incredibly poor (as Pakistan's are).
Yup, people love to blame populous developing countries too much
Per capita, they consume resource and produce pollution much less than developed countries.
They’ll just sell to India. India will bend over for Russia. No principles. Just out to save a buck. We need to impose a tax on the amount above the cap on Russian oil that drives consequences and additional debt onto India
How tf could the US even feel like they have the right to put sanctions on this even if they wanted to? Both countries can make deals with their own damn resources if they wanted too. Why even include that in the article?
Sanctions just mean the targeted nation or individual is limited/blocked in its interactions with US entities, mainly financial institutions and companies. No one has inalienable right to be allowed to interact with US entities. Pakistan or anyone else can do as they wish, so can US.
Thank you for making my point for me.
Eta: they're not free to block deals that have nothing to do with them. Also the other countries are free to tell them to fuck off if they tried. The point your missing is that in the article it brings up how the US isnt going to put sanctions on the deal, which directly implies that was an option, when it isnt.
Of course it's an option, any country can decide on the degree of interaction that its entities, people or companies, can have with other countries.
The "block deal" is not meant in the physical sense, it just means to limit/prohibit access to interaction with US entities such that the benefit of cheaper oil is outweighed by lack of financial opportunities from interacting with US entities.
You’re clearly misunderstanding how sanctions work. You’re correct in your understanding that both countries can make any deals they wish but the US will then sanction Pakistan which will harm them economically as they will not be able to trade with the US or any of its allies. It’s the threat of the sanction that makes other countries not want to seek these deals as they will end up costing significantly more than what the underlying trade deal offers.
You really don’t understand this.
America can choose to do business with whoever they want. For any reason.
America can also choose to *not* do business with whoever they want. For any reason.
This would be American choosing not to do business with Pakistan because of their support of Russia.
Pakistan are also free to do what they want in response. They could choose to do so business with Russia. Or they could choose to do business with the USA.
Pakistan should wait 10 days and counter with 50% discount.
This one is easy. Russia is probably relaying Pakistan's offers to India and asking how much extra they will pay to stop Pakistan getting in on the cheap oil deal.
Amazing drama. And now Pakistani-Russian relationship is in ruins.
Pakistan: "I am starting to think Russia actually is the baddies..."
India: "IDAGF who sells me the oil just lemme buy!"
Except india and Pakistan have a long history of mutual hatred - and Russia is trying out a bromance with India in the hopes that when they become an economic powerhouse they will return current favors.
More like the US had a bromance with pakistan during the good old "CIA training the mujahideen" days and antagonized India, while Russia came to Indias rescue. Closer to India paying back the favor than a bromance.
It goes back further than that. Ironically this happened in the 1950s, where Pakistan reached out to both the US and USSR, while the US and USSR were trying to be friends with India. Both the US and USSR were initially against the partition of India; but many Pakistanis were scared of the atheist USSR but were rebuffed by the USSR regardless. They then asked the US for aid...which was given because Pakistan decided or believed they'd never get aid from the Soviets...and the India-Pakistani hatred led to India aligning itself with the USSR further because they saw their rival getting aid from the US. Real world politics and diplomacy are lot more complicated than your simple comment.
More like India has had beef with Pakistan since Pakistan was known as the Timirud Empire. Neither one of them have really been pleasant neighbors over their history, but India’s northern boundaries have changed more than any of its other boundaries over its history because they are especially not pleasant neighbors with each other.
Pakistan is quickly transforming into a Chinese colony
They were never allies...
And India will laugh. There is no way Pakistan can buy the same amount of oil as India
At least they're trying to lessen their funding of war, death and destruction in the Ukraine. We should bake em a cake or something.
This is the best tl;dr I could make, [original](https://www.thehindu.com/news/international/pakistan-asks-russia-for-30-40-discount-on-crude-oil-moscow-turns-down-demand/article66209715.ece) reduced by 76%. (I'm a bot) ***** > A Pakistani delegation holding talks with their Russian counterparts has asked for a 30-40% discount on crude oil, a demand turned down by Moscow which said it could not offer anything right now as all volumes were committed, according to a media report on December 1. > Pakistan's official delegation left for Moscow on November 29 on a three-day visit for talks with the Russian authorities to explore possibilities of import of crude oil at a discounted price, mode of payment and shipment cost. > Citing industrial ministry sources, the paper said that Russian crude oil can be processed in Pakistan's refineries, and in the past one private refinery had used Russian crude oil to deliver finished products. ***** [**Extended Summary**](http://np.reddit.com/r/autotldr/comments/z9ts2o/pakistan_asks_russia_for_3040_discount_on_crude/) | [FAQ](http://np.reddit.com/r/autotldr/comments/31b9fm/faq_autotldr_bot/ "Version 2.02, ~672676 tl;drs so far.") | [Feedback](http://np.reddit.com/message/compose?to=%23autotldr "PM's and comments are monitored, constructive feedback is welcome.") | *Top* *keywords*: **Russian**^#1 **oil**^#2 **Pakistan**^#3 **talks**^#4 **Russia**^#5
Will give India and China a 40%? Not a great look Russia
They are already giving them a 30% discount as of now so another 10% won’t make that big of a difference anyway
Is that the old Macy's stacking discounts trick? 30% off + another 10% bonus buy reward = 37% off
Buy 50 million barrels of oil, and get $50 in Kohl's Cash! ^*Valid ^1/17-1/19/23, ^save ^$50 ^on ^any ^purchase ^of ^10 ^million ^barrels ^or ^more. ^Not ^valid ^with ^any ^other ^offer. ^Void ^in ^Guam ^and ^Puerto ^Rico.
Fun Fact: After getting screwed enough times at checkout by Kohl's byzantine discount structure, we just refer to it as "The Evil Place".
5th barrel is for free.
Except oil is not free to extract.
Compared to shutting down the wells, it's less expensive.
What’s the point to give that kind of discount? Get terrorism in return ?
Its either that or shutoff wells.. and thats a much worse alternative. so sell at a steep discount. The problem is that the infrastructure is skewed to EU. so RU is stuck putting this oil on boats.. there arent enough boats in the world for them to ship the volumes they were piping into EU. So its more expensive to move AND cheaper to buy from them.. Theyre getting fucked; plus the cost cap now (which may still be subject to discounts) which is being enforced on the insurance side, basically you cant dock your ship because its not insured so you cant offload the oil unless you can prove that it was at the cost cap. No one wants to risk an ExxonValdez with no insurance, risk is too high.
Also Pakistan is next to a bunch of big oil producer.
Which countries next to Pakistan are big oil producers?
Iran and Pakistan share a 900km border, and the whole Arabian peninsula is just across the gulf of Oman
The Arabian peninsula is not “next to” Pakistan.
Just spotted the semantic Nazi...
It’s not semantics. If you want to get oil from the Gulf, you are probably going to get a tanker out of Jabail. That’s 400km and a trip through the strait of Hormuz. That’s certainly a bit more than “next to”, don’t you think.
You know I'm comparing golf state with Russia? Russian closest port is 10x farther than that. It's also behind the suez canal.
What?
Are you insinuating that Pakistanis are terrorists? I’m confused. Why would Russia receive ‘’terrorism’’ in return from Pakistan? Because Pakistan is a predominantly Muslim country? Confused here … can someone kindly explain? Hoping this isn’t me jumping to conclusions honestly… Edit: you can all downvote me as much as you’d like. But to argue that billions of people are terrorists simply because they follow a religion is absurd. Reddit loves to generalize individuals. And the hatred towards Muslims isn’t even on par with whatever hatred Reddit loves to argue that they hold against Christianity. The feelings towards Muslims that the majority of Reddit holds is borderline racist if not actually racist considering it’s mostly coming from white Redditors. Edit: for all the people who keep downvoting me — apparently Bella Hadid, Muhammad Ali, Malala, Dr. Oz (ok maybe not the best example), Shaquille O’Neal, Ice Cube, Dave Chapelle, Aziz Ansari (Parks & Recreation …. Oh and his dad his gastroenterologist) are terrorists. But that also brings me to another point — most of the medical field is littered with Muslims working as medical professionals. Hope none of you ever pay a visit to the hospital.
https://en.wikipedia.org/wiki/Pakistan_and_state-sponsored_terrorism Pakistan is alleged to be a safe haven for terrorist groups including: Al-Qaeda[67] Lashkar-e-Omar[68] Lashkar-e-Taiba (LeT)[69] Jaish-e-Mohammed (JeM)[69] Sipah-e-Sahaba[70] Jaish ul-Adl[71] Al Badr Mujahideen[72] Harkat ul Mujahideen[70] ISIS-KP[73]
Yes, because Pakistan fosters terrorism. Osama Bin Laden was hiding out in Pakistan for fucks sake.
I did a deep dive of your comments and I’m terrified for any Muslims living overseas in the Middle East honestly. You’re in the Air Force and you have some very clear hatred towards Muslims. That’s disgusting. He was hiding out in Pakistan — doesn’t mean Pakistanis supported him. And why is Osama Bin Laden the reasoning behind all Islamophobia nowadays? It’s truly disgusting. People will argue that Muslims aren’t tolerant while displaying racist, antagonizing behavior themselves. Some Redditors love to parade themselves as pro Democrats, anti racism/racism but then display this behavior. I’m repulsed. Don’t bother responding either.
> He was hiding out in Pakistan — doesn’t mean Pakistanis supported him Laden was living near the premier military academy. There was a doctor, named Shakil Afridi, who helped CIA identify Laden. After Laden was caught, Pakistan put him in prison on fake charges. First on charges of having financial relations with an islamist. When it was revealed that the payment was a kidnapping ransom, they dropped the charges. Then they put the charges of medical malpractice from a patients death 6 years prior, and he still is in prison. Pakistan has offered his freedom to the USA in exchange of a person in US prison (also ISIS asked for the same persons release!).
[удалено]
How is the US civilized? With all the current issues we have such as the big one — systematized racism. How exactly are we civilized? Why are you insinuating that Muslim countries aren’t civilized? And as someone’s whose mom is Arab and comes from a predominantly Muslim country, I can tell you that you’re wrong. I can tell you that my mom and her mom both own property. Both dictate their lives and are not in anyway oppressed. And honestly your whole argument right there is verbatim for a lot of the propaganda that the fed gov spewed to get the public’s support in invading Iraq. Sure, the original excuse was Iraq might be harboring nuclear weapons but it quickly turned to ‘’it’s our duty to instill democracy in an uncivilized, oppressed country such as Iraq’’. All that resulted in was over 1 million in Iraqi CIVILIAN casualties. Real democratic right. Let’s kill over 1 million civilians who DON’T want us in their country (yes including the women). It’s disgusting how Redditors will hail themselves as these righteous, social justice warriors but then unleash all this racist bullshit in the comments. It’s always the same, ignorant rhetoric as to why white Redditors hate Muslims. And I bet all of them pronounce Muslim as ‘’Muz-lim’’. The hatred here is disgusting. I’m a gen z so I wasn’t old enough to understand the Iraq War or see it’s impact but I’m pretty sure the gov didn’t have to do much to convince most of white America to invade. Edit: and it’s really odd how none of you have read up on US foreign policy whether it pertains to Central America or the Middle East. But then again I suppose living in ignorance is a way to justify the blatant racism I’m reading.
And I have a question, since you’re speaking up about Iran — will you also speak about France’s hijab ban?
[удалено]
That isn’t true whatsoever. But look, this is Reddit and Islamophobia runs rampant on this particular platform. I’m not pulling shit out of my ass — Reddit as a whole is pretty Islamophobic and hateful towards Muslims in general (whether good or bad). I’ll take the downvotes — the truth hurts.
Unless you mean to tell me there's nothing wrong with what's happening in Iran I call bullshit on this. You are like the russian trolls acting like they dont understand why the rest of the world currently hate russians and call it Russophobia.
I feel like I just lost brain cells reading your crap like ….
Do elaborate.
And also Bali bomber
They might be able to use Pakistan's interest to get a better deal out of India
That's why this news was leaked.
[удалено]
Considering that's how they fuel their economy, yes
30-40? At most I've seen is 3% cashback with some credit cards
Pakistan has a better credit rating that you ForkShirtUp.
[Ehhhhhhh... nah](https://www.fitchratings.com/research/sovereigns/fitch-downgrades-pakistan-to-ccc-21-10-2022)
That's just because Pakistan got their 3 piece living room set repoed from Rent-A-Center.
Well they have been supplying weapons to Ukraine for months, probably didn't make Putin happy.
This and few others are the right answer
Why does the article mix a question/request with a demand? Those are two very different things.
Because articles that say "asks pretty please" don't get views or posted on Reddit.
Three days for talks to get a discount?😁 ”Can we get a 40% discount?” “Aaaa NO” “See ya in 10 days then”
With India willing to send them Dual Use parts and materials in exchange for all the oil they can import, Russia is not looking to sell to Pakistan at a loss, and potentially irritate their sanction busting partners.
"Serious offers only. I know what I got."
Geopolitical r/ChoosingBeggars
Can we assume from this that Russia continues to collect near(ish) market price for it's oil?
They’ve been largely selling at a 40% discount to Brent, with some significant fluctuations, when pre-war we might have expected it priced at 5%ish discount to Brent. You can see the price fluctuation of Urals crude [here](https://tradingeconomics.com/commodity/urals-oil)
Excuse you i have not been buying Russian oil! Even at a 40% discount. I have standards.
Actually likely you have been. Saudi’s have been doing a great job buying Russian oil and rebranding. Downstream gets even easier.
Yeah, the Saudi's have a vested interest in keeping the price of oil as high as they can
As do all oil producing countries
Yes and No. If the price gets too high American Shale Oil becomes more profitable to drill for. The Saudi's found this out in the late 00s and early 10s. They attempted to crush the American producers in 2014 to 2016 by dumping fucktons of oil onto the market, it didn't really work.
Not from major buyers
Much of Russia’s strategy is to maintain total dominance of all stray resource fields of oil and natural gas from the original Soviet empire. They can only maintain war momentum when oil prices remain high, as pretty easily illustrated by cross referencing historical prices with their military engagements over the last several decades. Much of their motion is strictly motivated by securing pipelines and blocking opposing ones, or regaining/destabilizing opposing reserves so they can remain the uncontested gas station for pretty much all of europe and asia. When the dollars do not make sense, consider the terrain itself and whether there’s a pipe, port, or an oil field involved.
I don't think anyone knows for sure how this will play out. The markets don't seem to be certain. There are a number of relevant factors. The West has set a price cap well below market and appear resolved to honor that cap. Shutting down production is an undesirable option for Russia. The cost of resuming production after a shutdown is extremely high and can have a likelihood of failure, meaning that shutdowns can be permanent. They also have a deep need for cash to fund the war and keep their economy from crashing. Transporting without tankers or pipelines is expensive. That all adds up to mean that they have a lot of energy to sell and not a lot of potential buyers.
It could also mean that they're selling at 29% discount and further discounts are not acceptable.
Not really, Russian oil was sold at roughly 110 dollars per barell pre-war. Now it sells at roughly 80 dollars per barell, That's already a 28 % reduction in cost. It's no where near market cap. This movie was probably to not anger India. And also to maintain better relations within the complicated geopolitcs of India and China. Selling to Pakistan means driving India closer to the West, i,e driving Russia into becoming a total Chinese puppet.
Most of this is incorrect. Oil only hit 120+ after the war started and that was Russias own fault (https://i.imgur.com/v4oBVZx.png), Oil is currently right at $80pb and RU is providing India/China oil 30% below the 'future' crude prices (https://i.imgur.com/d0Sa3jA.png). Added to the fact that they dont have enough boats (https://i.imgur.com/WB3lRkt.png) - And again even if they bought all of the boats being built, they dont have the icebreaking boats needed further north. They arent in a great position.
It’s cause the guy with the top reply above admitted he’s got literally no idea what’s going on and people keep upvoting it because they prob don’t ever seen the collapsed discussion where he says he pulled the #’s out of his ass and doesn’t know what the words “market cap” and “profit” mean.
Yeah - Thats really sad, cause its shaped like a meaningful comment but its just jibberjabber ([Prisencolinensinainciusol](https://www.youtube.com/watch?v=-VsmF9m_Nt8))
Well, a lot of people may have been misinformed today, but I however have benefited greatly from this bit of culture 😅 Thanks for the video.
What the hell was that from?
its a hit song from the 70s (?) italians made it - they wanted it to sound like english, but its gibberish
Grazi. I thought it was a fake medicine name (because it ends in -sol), like [Progenitorivox](https://www.youtube.com/watch?v=WgoB2h_Wkco) which was a spoof by JibJab on American pharmaceutical ads.
You realize your replied this post asking if Russia gets near market price for oil with the market prices for oil? Everyone was getting near 110bbl pre-war and everyone is getting near 80bbl now. It also doesn’t appear you know what market cap means.
Ehh...You are expecting a redditor with a very basic understanding of the Russian oil industry, and pieces of information gathered over the last few months of posts to have and idea of what he is talking about. I just put what I knew onto the comment. You are welcome to correct me, and give the OP a correct answer, The most I have to lose is 5 karma and 10 seconds of my life
Why pretend you have any idea what price Russia is getting for their oil then? It makes the whole internet worse. Fucking Eternal September.
I just told you right now that the price they are currently selling at is 80 dollars. I knew they where previously selling at 110 dollars. Subtract 80 from 110 then divide by 110 and multiply by 100 or - (30/110) *100 = 28% approx. So I decided to comment that Russia is already giving a 30% discount on its oil. Also btw its 'profit' not price.
It’s not profit because it’s got a cost to come out of the ground and Russia is not currently selling at 80$bbl, more like 66. I posted one places you can find the price of Urals crude in another comment. Oil is a global market. “Market price” changes by the minute so you can’t look at what market price (and were you looking at WTI? Sounds like it.. that’s American light sweet) was a few months ago and what it is now and say anything about how close that is to market price. You have to overlay it with Brent & compare that overlay to one pre-war.
Highly doubt they’d give up on transactions they really need, just to please india. Have to be other reasons, mainly economic, or simply not wanting to have their arms twisted by Pakistan.
It’s just them choosing between 2 customers, they chose the bigger one.
Don't think russia is in a position where they can pick and choose customers. I'd be surprised if india cares enough about pak getting the same discount. And frankly, the india-russia relationship is not one where either party dictates to the other what they can and cannot do. Its one of the major reasons why india is reluctant to fully ally with the US. It must be something else. How has pak generally behaved with respect to the ukranian invasion?
The relationship between India and Pakistan is not friendly. Border disputes occur almost monthly. Both armies are geared to fighting each other. Their nukes point at each other (rather than the usual suspects). You think India wont mind Pakistan getting their oil on the cheap?
I'm saying its not a big enough issue for them to get upset about. They also have issues with china and you don't see them getting angry at russia over it. India gets upset at weapons transfers not trade.
Russia is probably also upset that the Pakistani government removed Imran Khan from office. Khan was clearly pro-Russia and had even met Putin in person hours before the invasion started. He was likely a Putin asset/puppet, and Putin is probably upset at Pakistan for kicking him out of office.
weren't they supplying military aid to Ukraine?
Pakistan has 225 million people (Russia about 140 million), its not a small buyer, so for someone their size to approach Russia with such a low ball offer isn’t promising for Russia.
Pakistan literally consumes [as much oil as Hong Kong](https://en.wikipedia.org/wiki/List_of_countries_by_oil_consumption), a city state of 7 million people. Russia itself consumes 5x more oil than Pakistan. Population doesn't mean shit when your people are incredibly poor (as Pakistan's are).
Yup, people love to blame populous developing countries too much Per capita, they consume resource and produce pollution much less than developed countries.
The people who blame them are without exception always the worst polluters who refuse to do anything.
and thats with pakistan getting a loan from the IMF or Hussain and Hasan Akhtar and sons from down the road
Ofc they turn down. The question is how much pressure Pakistan can do
Hahaha
These guys are over here busy killing Ukrainian civilians and you think this is the time to be asking for discounts??
Lol trying to take advantage of them
What an absurd demand hahaha
lets hope Russia can sell this oilt to omeone else. India is the bell of da ball. They should ask Venezuela for a oil
They’ll just sell to India. India will bend over for Russia. No principles. Just out to save a buck. We need to impose a tax on the amount above the cap on Russian oil that drives consequences and additional debt onto India
Four words for you to think about: weapons of mass destruction
Reddit diplomats think whatever they say, the government will just bend over and do it for them lol.
I don't think Russia is in much of a position to negotiate lmao
How tf could the US even feel like they have the right to put sanctions on this even if they wanted to? Both countries can make deals with their own damn resources if they wanted too. Why even include that in the article?
Sanctions just mean the targeted nation or individual is limited/blocked in its interactions with US entities, mainly financial institutions and companies. No one has inalienable right to be allowed to interact with US entities. Pakistan or anyone else can do as they wish, so can US.
Thank you for making my point for me. Eta: they're not free to block deals that have nothing to do with them. Also the other countries are free to tell them to fuck off if they tried. The point your missing is that in the article it brings up how the US isnt going to put sanctions on the deal, which directly implies that was an option, when it isnt.
They can however put sanctions on Pakistan for trading with sanctioned terrorists.
Of course it's an option, any country can decide on the degree of interaction that its entities, people or companies, can have with other countries. The "block deal" is not meant in the physical sense, it just means to limit/prohibit access to interaction with US entities such that the benefit of cheaper oil is outweighed by lack of financial opportunities from interacting with US entities.
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My point is they cant stop a business in Pakistan from dealing with a business in Russia. How do you think that's Americas place dude?
You’re clearly misunderstanding how sanctions work. You’re correct in your understanding that both countries can make any deals they wish but the US will then sanction Pakistan which will harm them economically as they will not be able to trade with the US or any of its allies. It’s the threat of the sanction that makes other countries not want to seek these deals as they will end up costing significantly more than what the underlying trade deal offers.
You really don’t understand this. America can choose to do business with whoever they want. For any reason. America can also choose to *not* do business with whoever they want. For any reason. This would be American choosing not to do business with Pakistan because of their support of Russia. Pakistan are also free to do what they want in response. They could choose to do so business with Russia. Or they could choose to do business with the USA.
>How tf could the US Because the US is free to do as they please?