{"id":63094,"date":"2022-07-21T06:18:59","date_gmt":"2022-07-21T11:18:59","guid":{"rendered":"https:\/\/olduvai.ca\/?p=63094"},"modified":"2022-07-21T06:22:24","modified_gmt":"2022-07-21T11:22:24","slug":"63094","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=63094","title":{"rendered":"Exclusive: Saudi Arabia doubles second-quarter Russian fuel oil imports for power generation"},"content":{"rendered":"<header>\n<div class=\"article-header__container__25s8m\">\n<div class=\"article-header__heading__15OpQ\">\n<h3 class=\"text__text__1FZLe text__dark-grey__3Ml43 text__medium__1kbOh text__heading_2__1K_hh heading__base__2T28j heading__heading_2__3Fcw5\" data-testid=\"Heading\"><a href=\"https:\/\/www.reuters.com\/business\/energy\/exclusive-saudi-arabia-doubles-q2-russian-fuel-oil-imports-power-generation-2022-07-14\/\">Exclusive: Saudi Arabia doubles second-quarter Russian fuel oil imports for power generation<\/a><\/h3>\n<\/div>\n<div class=\"article-header__sponsor__1I0um\"><\/div>\n<\/div>\n<\/header>\n<div>\n<div class=\"article-body__container__3ypuX article-body__over-6-para__1Ov64\">\n<div class=\"stateful-image__container__hH_Q_ stateful-image__light__2XHJA article-body__primary-asset__2nVOM\" data-testid=\"StatefulImage\">\n<div class=\"stateful-image__image__ThpeM\" role=\"figure\" data-testid=\"primary-image\" aria-describedby=\"primary-image-caption\">\n<div class=\"image__container__3y02- image__cover___x5Qd image__transition__2ibuR image__lock-ratio__3SwNA\"><img decoding=\"async\" class=\"image__image__2wACD\" draggable=\"false\" src=\"https:\/\/cloudfront-us-east-2.images.arcpublishing.com\/reuters\/AWU3MSPNWFND7BNDU65SABPFXQ.jpg\" sizes=\"(min-width: 1024px) 960px, (min-width: 1440px) 1024px, 100vw\" srcset=\"https:\/\/www.reuters.com\/resizer\/Q_ER6BXuFvIvIs1chk-K-IMrKyU=\/480x0\/filters:quality(80)\/cloudfront-us-east-2.images.arcpublishing.com\/reuters\/AWU3MSPNWFND7BNDU65SABPFXQ.jpg 480w,https:\/\/www.reuters.com\/resizer\/iIJkqKa9gVI993tYuLG43ctCSsM=\/960x0\/filters:quality(80)\/cloudfront-us-east-2.images.arcpublishing.com\/reuters\/AWU3MSPNWFND7BNDU65SABPFXQ.jpg 960w,https:\/\/www.reuters.com\/resizer\/6OkPEVXEmw4wDCtmg1cZPJhFhlI=\/1080x0\/filters:quality(80)\/cloudfront-us-east-2.images.arcpublishing.com\/reuters\/AWU3MSPNWFND7BNDU65SABPFXQ.jpg 1080w,https:\/\/www.reuters.com\/resizer\/HDrDAsjn2chHrx__emoadsbxIKg=\/1200x0\/filters:quality(80)\/cloudfront-us-east-2.images.arcpublishing.com\/reuters\/AWU3MSPNWFND7BNDU65SABPFXQ.jpg 1200w\" alt=\"RUSSIA-SAUDI\/OIL (EXCLUSIVE, PIX)\" \/><\/div>\n<\/div>\n<\/div>\n<div class=\"article-body__side-rail__Ycpe0\">\n<p id=\"primary-image-caption\" class=\"text__text__1FZLe text__medium-grey__3A_RT text__regular__2N1Xr text__small__1kGq2 body__base__22dCE body__caption__3L8vY article-body__primary-image-caption__WHVnb\" data-testid=\"primary-image-caption\">People walk near power plant number 10 at Saudi Electricity Company&#8217;s Central Operation Area, south of Riyadh, April 27, 2012.\/File Photo<\/p>\n<\/div>\n<div class=\"article-body__content__17Yit paywall-article\">\n<div class=\"article-body__context_widget__1xxEe article-body__element__2p5pI\">\n<div class=\"context-widget__tabcontainer__7d2ES\">\n<ul class=\"context-widget__tabs__18YJD\" role=\"tablist\">\n<li class=\"text__text__1FZLe text__dark-grey__3Ml43 text__medium__1kbOh text__default__UPMUu context-widget__tab__1XBL- context-widget__selected__B55Vo\" tabindex=\"0\" role=\"tab\" data-testid=\"Text\" aria-selected=\"true\">Summary<\/li>\n<\/ul>\n<\/div>\n<div class=\"context-widget__content__1X4Oq\">\n<ul class=\"summary__summary__31feP\">\n<li class=\"text__text__1FZLe text__dark-grey__3Ml43 text__medium__1kbOh text__body__yKS5U body__base__22dCE body__body_alt__2kEQu summary__point__NO-2F\" data-testid=\"Body\">This includes content produced in Russia, where the law restricts coverage of Russian military operations in Ukraine.<\/li>\n<li class=\"text__text__1FZLe text__dark-grey__3Ml43 text__medium__1kbOh text__body__yKS5U body__base__22dCE body__body_alt__2kEQu summary__point__NO-2F\" data-testid=\"Body\">Kingdom burns Russian fuel to free up crude for exports<\/li>\n<li class=\"text__text__1FZLe text__dark-grey__3Ml43 text__medium__1kbOh text__body__yKS5U body__base__22dCE body__body_alt__2kEQu summary__point__NO-2F\" data-testid=\"Body\">Biden travels to ask Riyadh for more oil<\/li>\n<li class=\"text__text__1FZLe text__dark-grey__3Ml43 text__medium__1kbOh text__body__yKS5U body__base__22dCE body__body_alt__2kEQu summary__point__NO-2F\" data-testid=\"Body\">Russia raises supply to Asia, Africa amid Western sanctions<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<p class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__large__nEccO body__base__22dCE body__large_body__FV5_X article-body__element__2p5pI\" data-testid=\"paragraph-0\">MOSCOW\/LONDON\/DUBAI, July 15 (Reuters) &#8211; Saudi Arabia, the world&#8217;s largest oil exporter, more than doubled the amount of Russian fuel oil it imported in the second quarter to feed power stations to meet summer cooling demand and free up the kingdom\u2019s own crude for export, data showed and traders said.<\/p>\n<p class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__large__nEccO body__base__22dCE body__large_body__FV5_X article-body__element__2p5pI\" data-testid=\"paragraph-1\">Russia has been selling fuel at discounted prices after international sanctions over its invasion of Ukraine left it with fewer buyers. Moscow calls the war in Ukraine a &#8220;special military operation&#8221;.<\/p>\n<p class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__large__nEccO body__base__22dCE body__large_body__FV5_X article-body__element__2p5pI\" data-testid=\"paragraph-2\">The increased sales of fuel oil, used in power generation, to Saudi Arabia show the challenge that U.S. President Joe Biden faces as his administration seeks to isolate Russia and cut its energy export revenues.<\/p>\n<p class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__large__nEccO body__base__22dCE body__large_body__FV5_X article-body__element__2p5pI\" data-testid=\"paragraph-3\">While many countries have banned or discouraged purchases from Russia, China, India and several African and Middle Eastern nations have increased imports.<\/p>\n<p class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__large__nEccO body__base__22dCE body__large_body__FV5_X article-body__element__2p5pI\" data-testid=\"paragraph-4\">Biden was on Friday visiting Saudi Arabia and was expected to seek an increase in oil supply to global markets from the kingdom to help to lower oil prices that have aggravated inflation worldwide.\u00a0<a class=\"text__text__1FZLe text__dark-grey__3Ml43 text__medium__1kbOh text__large__nEccO link__underline_default__2prE_\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/biden-heads-saudi-arabia-amid-tension-oil-khashoggi-killing-2022-07-15\/\" data-testid=\"Link\">read more<\/a><\/p>\n<p class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__large__nEccO body__base__22dCE body__large_body__FV5_X article-body__element__2p5pI\" data-testid=\"paragraph-5\">There is little spare capacity for Saudi and others to increase production in the short term. Saudi Arabia has also maintained its cooperation with Russia in the alliance of global producers known as OPEC+. The two are the de facto leaders of respectively OPEC and non-OPEC producers in that group.<\/p>\n<p>\u2026click on the above link to read the rest of the article\u2026<\/p>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Exclusive: Saudi Arabia doubles second-quarter Russian fuel oil imports for power generation People walk near power plant number 10 at Saudi Electricity Company&#8217;s Central Operation Area, south of Riyadh, April 27, 2012.\/File Photo Summary This includes content produced in Russia, where the law restricts coverage of Russian military operations in Ukraine. Kingdom burns Russian fuel [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,3,5],"tags":[1650,2696,683,694,701],"class_list":["post-63094","post","type-post","status-publish","format-standard","hentry","category-economics","category-energy-2","category-geopolitics","tag-oil-imports","tag-power-generation","tag-reuters","tag-russia","tag-saudi-arabia"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/63094","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=63094"}],"version-history":[{"count":3,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/63094\/revisions"}],"predecessor-version":[{"id":63097,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/63094\/revisions\/63097"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=63094"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=63094"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=63094"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}