• UltraMagnus0001@lemmy.worldEnglish
      11 months

      China and Russia are frienemies and india is self serving since Independence from Britain.

    • MDCCCLV@lemmy.caEnglish
      11 months

      But they’re buying it for real cheap and only in their own currency so Russia is forced to use it to buy stuff from them. Its not helping out the Russian finances too much.

  • TiTeY`@jlai.luEnglish
    11 months

    Maybe it’s time to talk with the top 3… 😕

    • Gollum@feddit.orgEnglish
      11 months

      Dear others, why do you still buy Russian fuel? Thanks in advance

    • stupidcasey@lemmy.worldEnglish
      11 months

      We did that once, the top three all stopped, but then China, India and other took the place.

  • theupsanddownsof@lemmy.worldEnglish
    11 months

    I’m in transit so hard to tell visually what the net impact is. Up or down? Appears negligible

    • zloubida@sh.itjust.worksEnglish
      11 months

      It’s clearly down; even downer if we calculate in dollars and not tonnes, as the prices fell.

      • khannie@lemmy.worldEnglish
        11 months

        Comfortingly, as the price of oil has fallen and their cost to extract and refine it remains fixed (or increasing with the very high wage inflation rate there), the amount of net profit they get has fallen non-linearly.

      • Valmond@lemmy.worldEnglish
        11 months

        And even more down if you use the net benefit as the Urals breakout price is around 40+ dollars.

    • asap@lemmy.worldEnglish
      11 months

      It looks negligible because the left and right sides don’t both start at the bottom.

      Terrible visualisation of what could have been very interesting data.

      • Mavytan@feddit.nlEnglish
        11 months

        Thanks for pointing that out. Bad data visualisation strikes again…

    • noride@lemm.eeEnglish
      11 months

      It’s a difference of about 300k tons/yr, but as others have mentioned, the price paid to Russia for these exports have plummeted. So in addition to exporting less, they are also getting paid substantially less as well.

      • lordnikon@lemmy.worldEnglish
        11 months

        Yeah I would love to see this converted to prices. Should be easy as we can see the global price of oil.

    • Shawdow194@fedia.io
      11 months

      Yeah i wish this graph showed how little it is overall compared to 2022

    • snf@lemmy.worldEnglish
      11 months

      Adding up the components, total comes out to 1952k tonnes on the left and 1603k on the right

  • hark@lemmy.worldEnglish
    11 months

    How much of that oil is then re-exported? I’ve heard of India doing this, importing oil from Russia and then turning around to export it to Europe.