Buy Now, Pay Later - Saudi Arabia Offers To Sell Oil To Europe and Asia And Pay Three Months Later
Saudi Arabia continues to increase dumping on the oil markets of Europe and Asia, squeezing out Russian suppliers.
In addition to record discounts reaching $ 10–11 at the Brent price, the KSA-owned oil company offers customers unprecedented delays of payments.
According to Reuters, citing industry sources, Asian and European refineries received an offer from the Saudis for 90 days to delay payment of supplies.
Payment delays will be processed through Saudi banks. Saudi Aramco “asks us to amend the existing agreement by including a bill of exchange, which in principle will give you the opportunity to pay through the bank within 90 days,” a representative of an Asian oil refining company told Reuters.
Despite the OPEC + deal on a record-breaking reduction in oil production and the almost unconditional surrender of Russia, which agreed to remove twice as much oil from the market as Saudi Arabia, Riyadh is in no hurry to end the “price war”.
On Monday, Saudi Aramco published a price list for shipping prices for May, while maintaining discounts on deliveries to North-Western Europe and increasing them for the Mediterranean and Asia.
In the key market for the Saudis, the Arab Super Light brand will fall in price by 5.5 dollars and for the first time in history will be sold at a discount of 3.65 dollars to the price of the Oman / Dubai benchmark.
Arab Extra Light will drop in price by $ 4.3, Arab Light by $ 4.2, and Arab Medium and Arab Heavy will become cheaper by $ 3.35 and $ 2.95, respectively.
Prices for South European countries will drop sharply. The Arab Extra Light discount will almost double - from 5.8 to 10.3 dollars against the Brent price.
To remind you, this is not about futures prices, which hold about $ 30, but spot prices, which the Dated Brent marker fixes. Last week, its average price was $ 22.88. Thus, ultralight Saudi oil will be able to flow into the Mediterranean at $ 10.58 per barrel.
Discounts on Arab Light will increase from 8.6 to 10.3 dollars per barrel (which also gives a price of 10.58 dollars per barrel), for heavy grades - up to 11.4 dollars.
For North Europe, a discount of $ 10.25 over Dated Brent for supplies of Arab Light varieties will remain in force, which gives an actual price of $ 10.63. The price of ultra-light Arab Extra Light oil will drop by 80 cents - to minus $ 8.9 against Brent.
The only market where Saudi Aramco agreed to end the price war was the American one. For the United States, Saudi oil will rise in price across the entire range - by 2.5-4.2 dollars per barrel.
Ukrainians are shocked and horrified by what is happening to them. Sirens are heard in Kiev, and people are fleeing the city. Images appeared with huge columns of cars blocking the highway at the exit from Kiev. Meanwhile, others have taken refuge in subway stations or are kneeling on the streets.
Several people from Kiev rushed to the underground subway stations to take shelter. Others boarded buses to leave the city.
On social media, people send messages saying that they are panicking and that they are trying to get to anti-aircraft shelters and basements as soon as possible. Reporters filmed groups of people praying on the street, kneeling.
In addition to panic, Ukrainians are creating videos with the slogan "My Home. My Ukraine." These videos are profound and painful. People want peace and a future for their children. Ukraine is truly a beautiful country, with many places where nature fills your soul, and the picturesque views are breathtaking. A country full of traditions, color and greenery. Ukraine is the home of its nation, and at this time, many will lose their homes as a result of the bombings, people are forced to leave their homes, to flee their country.
My home. My Ukraine
The first bombings took place just after 5 o'clock in the morning.
Residents of Kiev were told to stay in their homes and prepare a bag with the essentials in case they should leave urgently.
In the city, red arrows have been drawn on several walls indicating the locations of the nearest anti-aircraft shelters. These insignia have existed since 2014, and now they have been marked once again with intense color, so that they can be easily observed.
At 6:18 a.m., two hours before the start of the school day, the parents of the children attending the Ivan Franko school in central Kiev received a message to keep the children at home and that the classes would be held online.
Residents of Ukraine's capital, Kiev, woke up to explosions and sirens on Thursday morning, and the city panicked: many tried to seek shelter, while others fled the town. Even after weeks of warnings from Ukrainian and Western leaders that a Russian attack was imminent, some Kiev residents were caught unprepared.
Many people rushed to anti-aircraft shelters or subway stations to take shelter. Others sat in long queues at banks, supermarkets, or gas stations. Some fled west by car.
"I didn't expect that. I didn't think anything would happen until this morning," said Nikita, a 34-year-old marketer as she waited in a long line at a bottle stack. of water in the shopping cart. "I am a healthy adult. I packed my bags, bought food and stayed home with my family," he said.
Other residents were determined to move to western Ukraine, which they considered relatively safe. During the morning, traffic was blocked on the four lanes of the main road to the western city of Lviv. The cars were parked side by side for tens of kilometers, according to witnesses quoted by Reuters.
Among those who tried to leave is 31-year-old Alex Svitelskyi, who says he wants to take his parents out of town. He is also worried about his sister: "I want her away from here."
The effects of the attacks were immediately apparent in Ukraine. In addition to the affected buildings in various cities, in the capital Kiev people did their best to leave. Queues formed at ATMs, supermarkets and gas stations, while thousands of cars crowded out of town. An extremely affected area was also near Kharkov, in the city of Chiuhiv, where a blockade was devastated by a Russian rocket.
"Fighting is taking place in almost the entire territory of Ukraine. So far, 203 Russian military attacks have been reported," the Ukrainian National Police said.
Armored columns are now heading for Kiev after fighting took place at the Hostomel air base on the northern outskirts of the Ukrainian capital.
Ukrainian citizens have begun withdrawing money from ATMs and stockpiling supplies. According to their testimonies, the internet networks have already started to be affected.
People explained that the authorities asked the people not to leave the houses and, if necessary, to take shelter in the basements. "There was a real panic and people started to leave Kiev. They bought products, withdrew money from ATMs. City officials are trying to stop the panic by asking people to stay indoors and, if necessary, go down to basements or bomb shelters. The sirens sounded in the streets several times. There are constant explosions and fires. "
In Lutsk, the fire station was damaged, no one was injured. One person was injured when the airport was bombed. An "air raid" was reported in Poltava. Fire in the military depots in the village. Raduşinţi (Poltava region). At Khmelnitsky, a shell hit the runway of a military airfield. In Nijin, six people woke up under the rubble of the airfield, they are working for their release.
Russian President Vladimir Putin announced the start of a "special operation" in Ukraine on Thursday morning, around 05:30 Moscow time. Soon, strong explosions began to resonate in several cities in Ukraine. A powerful explosion was reported near the barracks of a mechanized brigade in Odessa, two powerful explosions - in Kiev. Explosions were also reported in Kramatorsk, Nikolaev and Berdyansk.
Russia's Security Council voted on Monday (February 21st) to recognize the independence of the self-proclaimed separatist republics of Donetsk and Lugansk, and Kremlin leader Vladimir Putin signed decrees for the independence of the two regions and sent Russian troops to parts of the Donetsk and Lugansk regions. to ensure the maintenance of peace. The West condemned Russia's decision and said it would impose sanctions. Ukraine has called for the immediate convening of the UN Security Council.
A state of siege is introduced in Kiev and the Cherkasy region. In Kiev, it will be introduced from 22:00 to 07:00. During this period, public transport will not operate, but subway stations will be open 24 hours a day as shelters. People need to have documents with them. In the Cherkasy region, the siege will take effect between 22:00 and 6:00. During this time, traffic on the street and in other public places without special permits and certificates will be banned, which will be issued only to the employees of the enterprises, institutions and organizations that direct the activities of the region.
Russian actors, singers, TV presenters and bloggers have sent messages of solidarity in the current war situation caused by the Russian Federation's attack on Ukraine. They have called on the Kremlin authorities to stop hostilities in the country. Several Russian celebrities such as Ivan Urgant, Maxim Galkin and Ksenia Sobchak have spoken out on social media against the Russian invasion of Ukraine and called for an end to hostilities. They posted completely black images with the hashtag #NOWAR.
Belarus, a Russian ally that borders Ukraine to the north, allows tens of thousands of Russian soldiers to cross its border into Ukraine, according to the Ukrainian government.
Lukashenko recently said that Russian President Vladimir Putin had called him to inform him of his military operation against Ukraine. He said Belarus' own national forces were "not taking part in the operation".
An emergency summit of the European Union will soon take place to decide on new sanctions against Moscow.
Russia, which has started the war against Ukraine, has announced its readiness to begin negotiations with Kiev on Ukraine's neutral status (not to join NATO) and its refusal to introduce nuclear weapons into its territory. The announcement was made by the press secretary of the President of the Russian Federation, Dmitry Peskov.
Asked if Russia is now ready to talk to Ukraine's leadership on the issue, Peskov said, "If Ukraine's leadership is ready to talk about it."
Ukrainian President Volodymyr Zelensky called Putin, but he did not answer the phone.
Chinese Foreign Ministry spokesman Hua Chunying announced in a press conference that his country will start importing wheat from Russia today, as Vladimir Putin and Xi Jinping agreed when they met before the Games. Olympic Games since the beginning of the month.
In addition, the Chinese official refused to condemn Russia's attack on Ukraine on Thursday, saying instead that "respect for territorial sovereignty" was needed, but also that the US "fuels tensions and only the US can put out the flames." In fact, prior to this statement, the same spokesman stated: "Did the US think about the consequences when they put a country as big as Russia on the wall?"
Journalists in the international press point out that during the 90-minute conference, Chunying avoided answering 11 questions about the situation in Ukraine. In addition, journalists repeatedly insisted and asked if Beijing considered Russia's action an invasion, and the Chinese official finally replied, "Why are you obsessed with this question?"
NATO Secretary-General Jens Stoltenberg told a news conference that "peace on our continent has been shaken," and that "Russia is using force to try to rewrite history."
"I convened a virtual summit of NATO leaders tomorrow. This is the new normal for our security: peace cannot be taken for granted. Strategic competition is on the rise. We will deploy additional ground and air defense forces in eastern NATO, as well as naval forces. We have increased the level of training of our forces, in order to be able to face all the scenarios ", it is shown in the communiqué of the North Atlantic Alliance.
At least eight people have been killed and at least nine injured in Russian bombings, an adviser to Ukraine's interior minister said.
Video footage indicates that Russian missiles have hit population centers in major Ukrainian cities, despite claims by the Russian military that they are aimed only at military infrastructure. An adviser to Ukraine's interior ministry says Russian bombings across Ukraine have left one dead and one injured. In Mariupol, seven residential buildings caught fire, and a shell hit Kramatorsk airfield.
Russia's attack on Thursday morning could lead to a huge influx of refugees from Ukraine, a country of 44 million people, so preparations are being made in several Central European states to receive them.
"Reception points for Ukrainian refugees will be set up in the next few hours," Polish Deputy Interior Minister Pawel Szefernaker told Agerpres.
Eight such points will be set up as a first step near the border with Ukraine to provide food, medical care and information to potential refugees, he said.
A spokesman for the Polish government said his country's diplomatic missions in Ukraine would remain open as long as possible, but the foreign ministry urged all Poles to leave the country. Hungary has also stated that its embassy in Kiev will remain open. Instead, the Czech Republic has closed the embassy, but remains open in the consulate in Lviv, western Ukraine.
Hungary has said it will send troops to the border area with Ukraine - without saying how many there will be - for security and humanitarian purposes, but no troops were visible on Thursday morning.
Hungary must prepare to receive tens of thousands of refugees if necessary, but also for the possibility of soldiers involved in fighting to 'cross' the border, as happened during the war in Yugoslavia in 1999, it said on Wednesday evening. Defense Minister Tibor Benko.
Slovakian railways have suspended services to Ukraine, and the low-cost airline Wizz has stopped all flights to and from Ukraine. On Thursday morning, at the western borders of Ukraine, the traffic was found to have intensified slightly.
"We see a moderate increase in traffic at the border with Ukraine, we assume that it will intensify during the day," said an official from the Slovak Interior Ministry.
"Slovakia is ready to help, we could allow access to people who do not have all the necessary documents," he added.
For his part, Ukrainian Ambassador to Prague Perebyjnis Yevhen told a news conference that he could not "rule out some waves of refugees."
"But they will be in the western part of Ukraine rather than abroad," he said.
About 260,000 Ukrainians live in the Czech Republic, and tens of thousands work in Hungary, which has a large minority of about 140,000 people just beyond the common border.
In Bulgaria, President Rumen Radev said authorities were ready to evacuate more than 4,000 ethnic Bulgarians from Ukraine by land and were ready to house other Ukrainian refugees. Prime Minister Kiril Petkov said Bulgaria would prepare hotels and other tourist facilities for the purpose.
#StandwithUkraine
Anti-war protests in several cities around the world and Russia. In Russia, the authorities are threatening people
Actions in support of Ukraine are taking place all over the world. In Berlin, people took to the streets the Ukrainian flag and placards with the words: "Stop the Russian invasion!", "Stop the crime!". Such actions have also taken place in Barcelona, Paris, London, Sydney, Lithuania, Prague, Istanbul, Tokyo and other cities around the world.
Protests have been taking place in various countries around the world since the first hours since the beginning of the Russian aggression in Ukraine against the war and in support of Ukraine.
On Thursday, February 24, solidarity actions were held with Ukraine in Berlin, Hamburg, Barcelona, Paris, London, Sydney, Lithuania, Prague, Istanbul, Tokyo and other cities around the world.
A Belarusian and Russian citizen, musician Timothy Suladze, burned his Russian passport in front of the embassy in Vilnius, Lithuania, Deutsche Welle reports.
Anti-war protests in several cities around the world
1.Georgia
Dozens of Russian citizens from cities such as Saint Petersburg and Yekaterinburg took to the streets to protest the war in Ukraine. Protesters chanted "No to war!" Russian activists on Navalny's team's Instagram channel announce dozens of arrests.
Russia later announced its readiness to begin negotiations with Kiev on Ukraine's neutral status (not to join NATO) and its refusal to introduce nuclear weapons into its territory. The announcement was made by the press secretary of the President of the Russian Federation, Dmitry Peskov.
Hundreds of Russian protesters gathered in the cities of Novosibirsk, Yekaterinburg and Tyumen in anti-war demonstrations after President Vladimir Putin announced the start of an invasion of Ukraine this morning.
2.Germany
Russia's Committee of Inquiry has urged citizens to avoid participating in anti-war protests. Authorities warn that "in connection with the spread of calls to participate in riots and rallies related to the tense situation of foreign policy", there will be "negative legal consequences of their actions, which include prosecution and even criminal liability."
Similar events took place in Europe. Hundreds of people gathered in front of the office of British Prime Minister Boris Johnson, waving Ukrainian flags and demanding stricter sanctions, along with broader actions by the British government in response to Russia's military action. Demonstrations are also taking place in Berlin, Madrid and Paris.
3.Russia
Hundreds of Russian protesters gathered in the cities of Novosibirsk, Yekaterinburg and Tyumen in anti-war demonstrations after President Vladimir Putin announced the start of an invasion of Ukraine this morning.
Similar events took place in Europe. Hundreds of people gathered in front of the office of British Prime Minister Boris Johnson, waving Ukrainian flags and demanding stricter sanctions, along with broader actions by the British government in response to Russia's military action. Demonstrations are also taking place in Berlin, Madrid and Paris.
4.France
5.Czech Republic
6.Germany
7.Ukraine
8.Canada
9.Germany
10.Poland
The launch of gas via Nord Stream 2 and an increase in gas sales on the electronic trading exchange of St. Petersburg could help Europe overcome the energy crisis, Deputy Prime Minister Alexander Novak said at a meeting on energy development with the participation of Russian President Vladimir Putin.
LNG shortage and speculative factors that need to be investigated had a significant impact on the rise in gas prices in Europe. "Speculative factors are also driving up prices very strongly today, and here, most likely, we cannot do without investigating [actions] of exchange players, because the current price does not reflect the current situation," Novak said.
Bemorepanda collected some memes.
1.Why are we doing this?
2.Will protect you
3.Be brave
4.Sanctions
5.You should apply
6.Brace yourselves
7.Russia
8.Russia strikes again
9.Russia stop
10.Mother Russia
11.One big country
12.In a nutshell
13.EU and Russia
14.Russia and Europe
15.EU leaves you
16.Welcome to Russia
17.Russian things
18.Filled only
19.Russia
20.Ready
