Pubblicato in: Banche Centrali, Devoluzione socialismo, Materie Prime, Russia

Russia. Tra sanzioni ed embargo guadagna netto 78 dollari al barile.

Giuseppe Sandro Mela.

2022-08-22.

Lavron e Putin che ridono 001

Sanzioni ed embarghi imposti dall’enclave liberal occidentale alla Russia si sono risolti, come logico, nel bel risultato di arricchire la Russia facendone pagare il conto agli occidentali.

«Russia will make around $78 a barrel»

«La Russia guadagnerà circa 78 dollari al barile»

Grande risultato delle Harris-Biden Administration. Il Presidente Putin ringrazia.

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L’Urals, il principale greggio russo, è stato scambiato a livelli che non si vedevano in Europa dall’inizio di marzo, mentre i raffinatori si accaparravano gli ultimi barili prima dell’embargo dell’Unione Europea, hanno dichiarato questa settimana tre operatori che hanno familiarità con le transazioni. Il petrolio degli Urali continua ad arrivare ai raffinatori europei in base a contratti a termine conclusi prima del febbraio 2022. Dall’inizio di dicembre, le compagnie dell’UE non potranno più acquistare il greggio russo via mare, mentre il Gruppo dei Sette sta studiando un tetto al prezzo del petrolio russo.

Le recenti contrattazioni per i carichi di settembre degli Urali sono state fatte al Brent datato di riferimento meno 22-25 dollari al barile su base consegnata a Rotterdam, hanno detto tre operatori, con un aumento di 7-10 dollari rispetto alle stime precedenti. Per il Mediterraneo, il prezzo è salito a 18 dollari sotto il Brent datato su base consegnata. Con l’avvicinarsi dell’inverno e l’incombere dell’embargo petrolifero dell’UE, abbiamo uno, massimo due mesi per negoziare i volumi russi, poi sarà troppo rischioso. A giugno, quando i futures avevano una media di 115 dollari al barile e il Brent di circa 121 dollari, la Russia ha guadagnato 86 dollari al barile dopo aver tenuto conto del suo maggiore sconto.

Considerando la media di agosto finora, la Russia guadagnerà circa 78 dollari al barile. Tuttavia, su base proporzionale e rispetto agli altri produttori, mentre i prezzi del petrolio sono scesi di circa 25 dollari al barile, il petrolio russo è sceso solo di 8 dollari.

L’Urals, che viene esportato dai porti russi del Baltico e del Mar Nero, è stato scambiato con sconti record dall’invasione russa dell’Ucraina a causa delle sanzioni finanziarie occidentali contro Mosca.

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«Russia’s key crude oil grade, Urals, has been trading at levels not seen in Europe since early March as refiners snap up the last barrels ahead of an European Union embargo, three traders familiar with the dealings said this week. Urals oil is still flowing to European refiners under term deals concluded prior to February 2022. From early December, EU companies will no longer be able to buy Russian seaborne crude while the Group of Seven is also studying a Russian oil price cap»

«Recent deals for September-loading Urals cargoes were done at benchmark dated Brent minus $22-25 a barrel on a delivered basis to Rotterdam, three traders said, up $7-$10 from previous estimates . For the Mediterranean, the price has risen to $18 below dated Brent on a delivered basis. As winter gets closer and EU oil embargo looms, we have one, maximum two months to trade Russian volumes, then it’s going to be too risky. In June, when futures averaged $115 a barrel and dated Brent about $121, Russia made $86 a barrel after taking into account its biggest discount»

«Taking average August so far, Russia will make around $78 a barrel.  However, on a proportional basis and relative to other producers, while oil prices have dropped some $25 a barrel, Russian oil has only fallen $8.

Urals, which is exported from Russia’s Baltic and Black Sea ports, has been trading at record discounts since Russia’s invasion of Ukraine due to Western financial sanctions on Moscow.»

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Russian Urals crude oil prices jump ahead of EU embargo

LONDON, Aug 17 (Reuters) – Russia’s key crude oil grade, Urals, has been trading at levels not seen in Europe since early March as refiners snap up the last barrels ahead of an European Union embargo, three traders familiar with the dealings said this week.

Urals oil is still flowing to European refiners under term deals concluded prior to February 2022. From early December, EU companies will no longer be able to buy Russian seaborne crude while the Group of Seven is also studying a Russian oil price cap.

Recent deals for September-loading Urals cargoes were done at benchmark dated Brent minus $22-25 a barrel on a delivered basis to Rotterdam, three traders said, up $7-$10 from previous estimates . For the Mediterranean, the price has risen to $18 below dated Brent on a delivered basis.

The prices are also two-tiered with crude from Russia’s state-owned Rosneft trading below that from private firms.

“As winter gets closer and EU oil embargo looms, we have one, maximum two months to trade Russian volumes, then it’s going to be too risky,” one of the traders said.

While the discount has narrowed, Russia will be making less per barrel than before as oil futures themselves have slid into the $90s a barrel. In June, when futures averaged $115 a barrel and dated Brent about $121, Russia made $86 a barrel after taking into account its biggest discount.

Taking average August so far, Russia will make around $78 a barrel. , However, on a proportional basis and relative to other producers, while oil prices have dropped some $25 a barrel, Russian oil has only fallen $8.

Urals, which is exported from Russia’s Baltic and Black Sea ports, has been trading at record discounts since Russia’s invasion of Ukraine due to Western financial sanctions on Moscow.

Buyers have jumped on the cheap grade despite financial complications, with China and India ramping up Russian oil purchases to record levels, traders said.

The price of ESPO Blend, exported from Russia’s far-eastern port of Kozmino, has similarly rebounded. The grade hit parity with the Dubai benchmark earlier this month from discounts of more than $20 a barrel.  

In July, the EU tweaked sanctions on Russia easing payment restrictions for oil shipments from state-owned firms Rosneft and Gazpromneft making it easier to deal with their volumes.   

While Asia refiners have been the main support for Russian barrels, they may become more cautious once the embargo comes into effect, traders said.