my country India spend yearly 120 bilion $ for oil ! I really wish they buy from Nigeria i still feel Nigeria just need to upgrade some infrastructure and do some good PR there still buyers ! India currently have reached 40 % of our electricity created by renewables even though we are behind by devloped i think! It means oil demand will fall in world soon you guys use it as soon as posible ! otherwise you guys will miss the train 🚆 !
the thing is the 30% "discount" is only discount compared to current inflated market price. its not discount at all compared to the price just a year ago.
West is in fight with Russia and it's has to bear it's pain and can't blame other countries . Morals are just a smoke screen in media and Countries just use it to save face and self-interest ( which done and proved in past and will be same in future) Damage in wests economy is a headache to india and buying oil at current prices is just unreasonable as india faces inflation problem also And India has to depend on Russia for its military equipment . Anyway west has to increase ties with India and then expect support not just blame or throw tantrum in media
i love this kind of video. very insightful for understanding about huge companies, macro economy, financial, process management, technology, etc. and how they are connected each other.
Good job Hari, Quality content and I can see that a lot of effort has been put in making this video. As a Saudi I rarely see western content about my country that is accurate
The amount of research made in these videos is staggering. Don't think that we don't notice Hari, many channels on RUclips half-ass the job but not you. Keep em coming
Lmao what? His videos are very poorly researched especially on the topic of oil markets I sent him criticisms of his videos and asked for his comments on discord and got no reply. This isnt surprising from you considering your channel is just recycled buzzfeed tabloid "science" videos
I think most people in the energy business knew Saudi Arabia was buying Russian oil … refunding it and then selling it again mixed with local produce. Amazing markups too.nice little spot price spread of you know what I mean.
@Gxyu Exhob you're not the only intelligent person here . Smart is nothing bound to nationality or race . Get your self proclaimed scholars ideology out
Saudi arabia be selling sancioned russian oil which they obtained for a discount. Russia benifits by selling the oil. Saudi benifits by being the middleman. Meanwhile europe buys the "russian"-saudi oil for a premium since they sanctioned russia. Win win for everyone except europe.
Hey, a few notes on the information in the video. there are not 3 types of crude oil, the light medium and heavy oils all come from crude oil in a process called distillation done at oil refineries. All crude oil is the same, just contain different amounts of sulfur based on where it is in the world. A big reason some countries export their oil is because sour oil refining is banned in some countries due to the pollutants that get released during the process. Most refining processes are done offshore where there are no greenhouse emission laws
@@andrewgrosset9327 this isn't correct. All oil isn't created equal, all crude oil contains light, medium and heavy oil and all oil is distilled. The difference is that some crude might be 80% light, 10% medium and 10% heavy and another might be 10% light, 10% medium and 80% heavy
@@nejnej4676 i explained this in the top comment, Saudi's oil is too "sour" (high sulfer contnet) to refine in their country. so they export sour import sweet. nowa days they just refine their own oil.
Oil is not the only income for Saudi you know ? We stayed in full quarantine for like a year and a half people were getting payed without working, we have reserves
@@الرويلي-ع8د That's only for Saudi citizens. The overseas workers were still working during the pandemic. Saudis have their lives easy because of cheap labour from other countries.
@@alchemist7412 even in the west they use cheap labour, it’s not a sin and the person doing it is ok with it I don’t see why not use cheap labour, Saudis unlike other GCC citizens they have to work hard for them to have it easy
Oil is big business and big money!! And exchanging all of these oil barrels prevents any conflict down the line and gives them much needed protection!! Always about diplomacy and "peace" with regard to trading vital resources!!
Perhaps it is time to brush off the "peak oil" theory. It was a big thing back in the early 2000s. It was credited for the real reason of the Invasion of Iraq, the 2008 recession, etc. The proponents of PO did not factor in fracked oil in the US nor the lack of discipline within OPEC and the lower demand for oil overall in the Western World (learned a lot of lessons from the Embargos of the 1970s). When SA has to import oil is when one has to wonder if they had already peaked or at least plateaued. Unfortunately we will only know looking in the rear view mirror as production numbers slowly diminish year after year. Hopefully by then electrified transportation will have displaced much of current demand.
@@Champ092 Wind, hydro, solar, waves, geothermal, nuclear, nuclear fussion. Backup batteries when the sun doesn't shine or the wind blow. Very little electricity is produced from oil.
@@Talltrees84 how many nuclear reactors in your country? It's the only source that reliable. And wind turbines do more harms to earth more than co2 from oil and gas, just how many trees needed to be cut to implement a single turbine? How many birds those turbines will kill? Hydro is very complicated to transfer in global scale and so expensive and waves is not applicable yet as effective method. Only solar that is cost effective but its usable for 10 to 12 hours depending on the weather and if you do not mention the toxic chemicals needed to produce them. So all of echo friendly energy you talked about either they are toxic to environment or not cost efficient. Any way good for you, go buy electric vehicle that manufactured in a factory that using electricity from oil and after that you need to charge it by electricity from the grid that using oil to power your car.
Technically well researched but it's Interesting that you discuss the "moral dilemma with oil" while at the same time Earth's atmosphere is being polluted, with possible disastrous results for everyone. It's like a drug addiction and the dealers are in control. The world's consumers are too high to care about anything else.
One comment in the video is very incorrect. When you say that western countries are funding Russia that is incorrect. It's a common misconception that people think sanctions were supposed to cut off Russia's exports. They weren't. They were designed to cut off Russian imports, making it hard to impossible for them to wage their war. That's why you're reading stories about Russia having to import ammunition from North Korea, because they can't get any imports into their country and they aren't self-sufficient in making firearms or ammunition. So Russia is getting money from the west for their oil and natural gas, but they can't buy anything with that money. That's also why Russia recently cut off natural gas exports, because they've caught on to the fact that they can't actually buy anything with the cash that they are getting from selling natural gas.
Western countries lecture India and Asian, African countries on Russian oil import. Never Western countries will raise their voice against Saudi Arabia. Moral dilemma is a funny thing when Russia took over crimea EU kept buying Russian gas when Russia attacked Ukraine EUROPE kept buying Russian oil, now that Russia turned off the gas pipeline Western countries lecturing every one on morality of buying Russian oil. If it so bad then why no put in under sanctions.
India will keep on buying and sell to asian countries who don't have refineries. European will be fucked by USA. Theirs euro is already.well done Russia .u showed real place to Europeans.
You guys do realize a 30% discount is just pre pandemic prices? Russia isn't being hurt, other people are just also getting to profit... This is a very stupid idea.
you missed an important detail we import cheap Russian oil's for domestic uses such as electricity generation and sea water purifications' that's allow us to free more oils for exporting
This kills the saying all because of selling oil. Oil is a resource but there are other points what makes you successful in a market not just selling the resource.
Saudi Arabia produces electricity from oil. Since oil market was booming and as Russia was offering oil @ 30% discount, they could buy Russian oil for domestic use and export the excess of their production and get the margin. Simple as that. Don't have to make a video starting from oil invention and Pride of Saudis...ha ha ha
...buy cheaply from Russia, refining into distillates and finished products, selling those products world-wide and making a mint....while helping the new partner out and still buying F-35's from the old partner.
Your videos are really good, I don't understand why apparently you're stuck at 300k subs for some time now while tubers like Adam Something (whom I actually like as well) made some videos about how much of a bullsh*t Dubai and Elon Musk are and I believe he should have by now exceeded 1M subs..nevertheless, keep up the good work
@@LogicallyAnswered Adam something is love talking BS about rich Middle East country, but he's never talking about BS to western Country as same like he do to Western Country. If he do, the western viewers doesn't like it and prefer not to watch it at all.
Some Corrections here 1 Gas prices for vehicles are cheap not as expensive as in the rest of the world and prices are frozen not to increase in Saudi Arabia 2 Saudi Arabia are turning away from being an oil-dependent country to different types of gas and energy going towards green and blue hydrogen production
There was time in 2020, when the price went negative and the oily boys of OPEC had to pay people, to store the oil, even 30 percent discounted oil is better than that, that 30 percent too is because of particularly high prices these days.
If you remain neutral in the Russo-Ukrainian war and you don't take sides in the sanctions war between US/NATO/EU & Russia you would be foolish not to take at least some advantage of an arbitrage opportunity that the situation presents.
If I was in the oil game I would buy Russian oil. The US/Nato has invaded many countries as of late and faced no sanctions. So far game, the world needs oil.
It just goes to show how close we are to running out of oil .. I mean that was one heck of mumbo jumbo way of saying that .. but appreciated that you reported on the biggest gorilla in human history that every other reporter is too scared to report on. Now if you translate the words climate change into we are running out of oil .. all of a sudden everything that they say starts to make sense..
RUclips's that aren't in countries that are allied with saudi are always allowed to shit talk about the country. Reporters & journalists can't tho because the saudi market is so good that at the end of the day everyone wants a piece of the pie. Example of this is blumberg reports. They went from reporting against the country to advertising the new blumberg Arabic in Saudi.
You should use less of stock footage and instead use more much related videos/photos. It will take more time but viewers will surely notice. Sry for english.
😂 that was a very misinformed video and showed grave misunderstanding of how oil reserves are calculated as well as dry lacking when it comes to updates and new discoveries. His own comments schooled him and grilled him under that video.
Okay - I had to work my whole live very hard - just to see how I am maniputlated because Saudia Arabia made an easy living at my expense. But this is coming to an end. I had enough that every summer I had to pay 20% more (why? for what?) So I ordered my EV - to no longer need to rely on Texas or on Saudi Arabia. You had 50 years of my live and now I have an option. So - I don',care. we will drop the demand and we will drop it fast. Even we are only 20% EV - but we are going hard into the direction of energy independence. Next stop electricity - Next stop heating - Next stop warm water - Next stop cooling -- Next stop AWG.
Do you really think that electricity needed to charge your EV comes from wind and and hydro and sun alone. Also the reason for the 20% more, is because we are governed by corrupt kleptocracy, and don't do anything about it.
EU/western country buying repackaged oil from Russia is still a win. Russia loose a lot in discount and EU/western cannot anymore be blackmailed by Russia.
@@picasoj5944 "Russia is not loosing anything, they are making 2 billion dollars every single day due to high oil prices" Their cost of delivery increase and India and China ask for heavy discount. Russia is loosing a lot.
@@anteeko Even with the extra costs, they're still making more than they did before the war. They should invest in pipelines to Asia now, you never go wrong with pipelines, unless the other end is a US colony.
Probably with your face in the video you will have 1mln. For example nova lectio has 700k and speak only in Italian.
I used to show my face hahaha
Should I show my face again guys??
@@LogicallyAnswered It doesn't matter for me most of the time I just hear your chill voice in background while playing games or sleeping lol
@@LogicallyAnswered try it see how it goes
@@LogicallyAnswered love your videos either way
Sadly my country Nigeria is losing a golden opportunity to make a killing from this situations, all because of terrible government.
Why does Nigeria citizens bent on electing only looters into office aren't there any civilized person running for office
my country India spend yearly 120 bilion $ for oil ! I really wish they buy from Nigeria i still feel Nigeria just need to upgrade some infrastructure and do some good PR there still buyers ! India currently have reached 40 % of our electricity created by renewables even though we are behind by devloped i think! It means oil demand will fall in world soon you guys use it as soon as posible ! otherwise you guys will miss the train 🚆 !
Rise
Let’s vote 🗳️ #Obidatti
😔
As a Saudi citizen, it's really rare to see an English-based reporting about my country with such details.
great job
The whole world is moving toward electric cars,there won't be a need of Russian or Saudia Arabian oil soon.
@Wgg Heye China exclusively buys BYD electric cars.
@Wgg Heye ruclips.net/video/bIrFE6vZqXw/видео.html
@@galvinstanley3235
Saudi Arabia is investing in electric cars manufacturing and it's buying electric cars companies like Lucid Motors
@@galvinstanley3235 what about industrial and commercial use?? like plastic etc
من سوريا حفظ الله السعودية وأهلها 🇸🇾❤🇸🇦
"all that info may have been a little dense"
Not to a Factorio player...
😂
@@LogicallyAnswered It's like I watched a tutorial for the oil refining in the game lol.
Czech games are scientifically accurate(ish)...
the thing is the 30% "discount" is only discount compared to current inflated market price. its not discount at all compared to the price just a year ago.
True
West is in fight with Russia and it's has to bear it's pain and can't blame other countries .
Morals are just a smoke screen in media and Countries just use it to save face and self-interest ( which done and proved in past and will be same in future)
Damage in wests economy is a headache to india and buying oil at current prices is just unreasonable as india faces inflation problem also And India has to depend on Russia for its military equipment . Anyway west has to increase ties with India and then expect support not just blame or throw tantrum in media
Hooefully india will not cry when the chinese take the contested areas
India says they buy military equipment from many countries to avoid dependency on any one individual country.
@@bolsa3136 lol we aren't weak like ukriane 😂
i love this kind of video. very insightful for understanding about huge companies, macro economy, financial, process management, technology, etc. and how they are connected each other.
Good job Hari, Quality content and I can see that a lot of effort has been put in making this video. As a Saudi I rarely see western content about my country that is accurate
The amount of research made in these videos is staggering.
Don't think that we don't notice Hari, many channels on RUclips half-ass the job but not you.
Keep em coming
Thank you so much Omar!
Lmao what? His videos are very poorly researched especially on the topic of oil markets
I sent him criticisms of his videos and asked for his comments on discord and got no reply.
This isnt surprising from you considering your channel is just recycled buzzfeed tabloid "science" videos
@@LogicallyAnswered Omar used to work in Aramco btw.
its not staggering. the information is not even correct.
@@fearscanty4894 lol
A lot of new useful information even for a Saudi, thank you
Thank you Yazeed!
I think most people in the energy business knew Saudi Arabia was buying Russian oil … refunding it and then selling it again mixed with local produce. Amazing markups too.nice little spot price spread of you know what I mean.
*refining
Well I guess is not only the west that can do shading things lol
@Gxyu Exhob you're not the only intelligent person here . Smart is nothing bound to nationality or race . Get your self proclaimed scholars ideology out
Good catch on how world oil markets work. I had no idea how Saudi Arabia beats us at our own game USA.
Another quality video from the channel, great job!
Thanks man!
Diesel length hydrocarbons are not common in a light crude so it isn't usually used by itself in diesel production.
Saudi arabia be selling sancioned russian oil which they obtained for a discount. Russia benifits by selling the oil. Saudi benifits by being the middleman. Meanwhile europe buys the "russian"-saudi oil for a premium since they sanctioned russia. Win win for everyone except europe.
This earned my subscription
Brother, hope you had an amazing week!! Glad to have seen another video of yours!!
Thank you Daniel! I appreciate your constant support!
And now China and Russia have brokered an alliance between Saudi and Iran....
Hey, a few notes on the information in the video.
there are not 3 types of crude oil, the light medium and heavy oils all come from crude oil in a process called distillation done at oil refineries. All crude oil is the same, just contain different amounts of sulfur based on where it is in the world.
A big reason some countries export their oil is because sour oil refining is banned in some countries due to the pollutants that get released during the process. Most refining processes are done offshore where there are no greenhouse emission laws
Canada oil sands & Venezuela oil sands?
if thats true, then 1/3 of the video is wrong?
then why would saudi arabia import oil ?
if they can just use theyre own oil?
Can somone explain ?
@@andrewgrosset9327 this isn't correct. All oil isn't created equal, all crude oil contains light, medium and heavy oil and all oil is distilled. The difference is that some crude might be 80% light, 10% medium and 10% heavy and another might be 10% light, 10% medium and 80% heavy
@@nejnej4676 i explained this in the top comment, Saudi's oil is too "sour" (high sulfer contnet) to refine in their country. so they export sour import sweet. nowa days they just refine their own oil.
@@fearscanty4894 okey, then the comment from the other person was wrong, thanks for clarifying!
brilliant videos as always
Thank you so much Anustabh!
This needs more views
Great video my friend.
Hate then or like them, the saudis are god damn smart
Westerns playing chess while mbs playing checkers
Saudi Arabia compensating their losses during covid days when oil demands had almost nothing. 😐
Hahaha true
Oil is not the only income for Saudi you know ? We stayed in full quarantine for like a year and a half people were getting payed without working, we have reserves
@@الرويلي-ع8د That's only for Saudi citizens. The overseas workers were still working during the pandemic. Saudis have their lives easy because of cheap labour from other countries.
@@alchemist7412 that’s a lie man all foreign workers were quarantined and given free treatment if they got the disease
@@alchemist7412 even in the west they use cheap labour, it’s not a sin and the person doing it is ok with it I don’t see why not use cheap labour, Saudis unlike other GCC citizens they have to work hard for them to have it easy
Superb explanations mate
The world will always need some kind of oil until end of time
Makes a lot of sense... Nato is losing this war in so many ways... Great content.
Be sure to let Ukraine know when you've had enough.
Great vids, subscribed but friendly tip, u should get a better mic
Best crude oil is Sahara blend of Algeria
I find it funny how the players are being played
Oil is big business and big money!! And exchanging all of these oil barrels prevents any conflict down the line and gives them much needed protection!! Always about diplomacy and "peace" with regard to trading vital resources!!
For sure
Perhaps it is time to brush off the "peak oil" theory. It was a big thing back in the early 2000s. It was credited for the real reason of the Invasion of Iraq, the 2008 recession, etc. The proponents of PO did not factor in fracked oil in the US nor the lack of discipline within OPEC and the lower demand for oil overall in the Western World (learned a lot of lessons from the Embargos of the 1970s). When SA has to import oil is when one has to wonder if they had already peaked or at least plateaued.
Unfortunately we will only know looking in the rear view mirror as production numbers slowly diminish year after year. Hopefully by then electrified transportation will have displaced much of current demand.
Conventional vehicle => electric vehichle => hydrogen vehicle.
Can you ask yourself from where electricity needed to charge electric vehicles come from? Please use your brain
@@Champ092 Wind, hydro, solar, waves, geothermal, nuclear, nuclear fussion. Backup batteries when the sun doesn't shine or the wind blow. Very little electricity is produced from oil.
@@Talltrees84 how many nuclear reactors in your country? It's the only source that reliable. And wind turbines do more harms to earth more than co2 from oil and gas, just how many trees needed to be cut to implement a single turbine? How many birds those turbines will kill? Hydro is very complicated to transfer in global scale and so expensive and waves is not applicable yet as effective method. Only solar that is cost effective but its usable for 10 to 12 hours depending on the weather and if you do not mention the toxic chemicals needed to produce them. So all of echo friendly energy you talked about either they are toxic to environment or not cost efficient. Any way good for you, go buy electric vehicle that manufactured in a factory that using electricity from oil and after that you need to charge it by electricity from the grid that using oil to power your car.
@@Champ092 The major fossil fuels used to make electrical power is coal and natural gas. Oil for electricity is a small percentage of the grid.
I love your vids and jake trans both have something that make me click
Technically well researched but it's Interesting that you discuss the "moral dilemma with oil" while at the same time Earth's atmosphere is being polluted, with possible disastrous results for everyone. It's like a drug addiction and the dealers are in control. The world's consumers are too high to care about anything else.
Europeans buying Russian oil in a Saudi packaging by paying extra premium 🤦🏻♂
Canada is the equivalent of Russia in terms of natural resources from large fresh water reserves to large fields of oil
Good on SA, glad not everyone is stupid
Wait, since when is Russian oil sanctioned? Europe still buys gas and oil from Russia
9:43
So the energy crisis is just an illusion?
I think they sactioned 1/3rd of the imports.
Via China in double price......European Union has such genius politicians....
One comment in the video is very incorrect. When you say that western countries are funding Russia that is incorrect. It's a common misconception that people think sanctions were supposed to cut off Russia's exports. They weren't. They were designed to cut off Russian imports, making it hard to impossible for them to wage their war. That's why you're reading stories about Russia having to import ammunition from North Korea, because they can't get any imports into their country and they aren't self-sufficient in making firearms or ammunition. So Russia is getting money from the west for their oil and natural gas, but they can't buy anything with that money. That's also why Russia recently cut off natural gas exports, because they've caught on to the fact that they can't actually buy anything with the cash that they are getting from selling natural gas.
Black market laughing in the corner
Do you think how survive north Korea is almost ban trade in all countries
@@danishh8454 Do you equalise life in NK with surviving. OK, if you like eating rocks.
Western countries lecture India and Asian, African countries on Russian oil import. Never Western countries will raise their voice against Saudi Arabia. Moral dilemma is a funny thing when Russia took over crimea EU kept buying Russian gas when Russia attacked Ukraine EUROPE kept buying Russian oil, now that Russia turned off the gas pipeline Western countries lecturing every one on morality of buying Russian oil. If it so bad then why no put in under sanctions.
India will keep on buying and sell to asian countries who don't have refineries. European will be fucked by USA. Theirs euro is already.well done Russia .u showed real place to Europeans.
Cheap fuel to business = candy to a baby, cookie jar and Disney land, all in one.
That’s weird, who would have guessed
For real hahaha
Good video
Poli Sadanam Miru......
Wow..6 types of oil..make video on refineries
Thanks for the suggestion saravanan
You guys do realize a 30% discount is just pre pandemic prices? Russia isn't being hurt, other people are just also getting to profit... This is a very stupid idea.
you missed an important detail we import cheap Russian oil's for domestic uses such as electricity generation and sea water purifications' that's allow us to free more oils for exporting
Answer comes 3 weeks later Saudi Arabia announces oil production cuts buy it cheap sell it High
All that oil without the sense to build refineries = just more proof that having extreme wealth doesn’t automatically mean you’re intelligent
Crazy how big the US economy is when top 3 they have 2 USB based companies with SA having their whole economy in 1
Make video on Brunei
And Sultan of Brunei
Better to make video how greedy low profile Western Rich Person.
This kills the saying all because of selling oil. Oil is a resource but there are other points what makes you successful in a market not just selling the resource.
Saudi Arabia produces electricity from oil. Since oil market was booming and as Russia was offering oil @ 30% discount, they could buy Russian oil for domestic use and export the excess of their production and get the margin. Simple as that. Don't have to make a video starting from oil invention and Pride of Saudis...ha ha ha
Cool topic well presented. Just one thing.. Wobbling info-text is not the optimal for reading @logically Answered
..he kept showing lng tankers and called a russian oil embargo.
..overall a pretty good video..
...buy cheaply from Russia, refining into distillates and finished products, selling those products world-wide and making a mint....while helping the new partner out and still buying F-35's from the old partner.
32 seconds into the video and I already understand why lol
Your videos are really good, I don't understand why apparently you're stuck at 300k subs for some time now while tubers like Adam Something (whom I actually like as well) made some videos about how much of a bullsh*t Dubai and Elon Musk are and I believe he should have by now exceeded 1M subs..nevertheless, keep up the good work
Hahaha, Adam Something is awesome! Sometimes, these things just take time. Just gotta keep grinding haha.
@@LogicallyAnswered Adam something is love talking BS about rich Middle East country, but he's never talking about BS to western Country as same like he do to Western Country. If he do, the western viewers doesn't like it and prefer not to watch it at all.
Adam something is way too biased. His urban videos are decent tho, albeit many other channels make better videos than him in that subject.
Can you Bring back the,' what happened to the founders series'
But is it the first time Saudi is doing this?
What is the implication on oil economy and oil production?
Some Corrections here
1 Gas prices for vehicles are cheap not as expensive as in the rest of the world and prices are frozen not to increase in Saudi Arabia
2 Saudi Arabia are turning away from being an oil-dependent country to different types of gas and energy going towards green and blue hydrogen production
Gas prices are subsidized by the government * soo its not cheap the government set a fixed price and the government will pay the difference
There was time in 2020, when the price went negative and the oily boys of OPEC had to pay people, to store the oil, even 30 percent discounted oil is better than that, that 30 percent too is because of particularly high prices these days.
I safe you a few minutes. They import oil from russia and resell oil worldwide.
From March of this year China and India oil imports from Russia overtook those of the EU 27 member states combined!
India imports more from Iraq Saudi UAE. Even if they do, they aren't obliged to cutoff the trades.
India is not taking whole but 12% ,now will increase upto 80% . Russia don't need any buyer if china and Russia keep on buying.
Initially the video was very informative then it became more like a promotional video for SA.
I come from a western country, i am not being hurt, what are you talking about?
The whole world is moving toward electric,there won't be a need for oil in the next 20 years.
the wobbling text is disorientating
i never really thought about the oil problem. So i mainly avoid focusing on it. but i like semiconductor companies
The country of a million billionaire.
If you remain neutral in the Russo-Ukrainian war and you don't take sides in the sanctions war between US/NATO/EU & Russia you would be foolish not to take at least some advantage of an arbitrage opportunity that the situation presents.
west dont hav moral dilemma invading others for more than decades even millenias
I prefer my crude to be a little salty
Saudi Arabia at least having a solid business development in the Russia and Ukraine war for sure.
If I was in the oil game I would buy Russian oil. The US/Nato has invaded many countries as of late and faced no sanctions. So far game, the world needs oil.
It just goes to show how close we are to running out of oil .. I mean that was one heck of mumbo jumbo way of saying that .. but appreciated that you reported on the biggest gorilla in human history that every other reporter is too scared to report on. Now if you translate the words climate change into we are running out of oil .. all of a sudden everything that they say starts to make sense..
RUclips's that aren't in countries that are allied with saudi are always allowed to shit talk about the country. Reporters & journalists can't tho because the saudi market is so good that at the end of the day everyone wants a piece of the pie. Example of this is blumberg reports. They went from reporting against the country to advertising the new blumberg Arabic in Saudi.
Current prediction gives 45yrs left.
Where the fuck is light oil trade for a discount? 🤣 I'll take a shipment
We I have yet to understand how India is benefiting??
Just have to pay price close to pre war level. India imports more from Iraq Saudi
Did I just hear Botswana 🇧🇼?
You should use less of stock footage and instead use more much related videos/photos. It will take more time but viewers will surely notice. Sry for english.
Yeah India I profiting like we had petrol prices 60rs post war now it's like 96-100 per litre 😅
Why not just arbitrage Venezuelan oil? It's even cheaper than Russia's 30% discount.
Just came here from your Saudi Arabia is probably lying about their oil reseves.
Love the content!!
😂 that was a very misinformed video and showed grave misunderstanding of how oil reserves are calculated as well as dry lacking when it comes to updates and new discoveries.
His own comments schooled him and grilled him under that video.
Okay - I had to work my whole live very hard - just to see how I am maniputlated because Saudia Arabia made an easy living at my expense. But this is coming to an end.
I had enough that every summer I had to pay 20% more (why? for what?) So I ordered my EV - to no longer need to rely on Texas or on Saudi Arabia. You had 50 years of my live and now I have an option. So - I don',care. we will drop the demand and we will drop it fast. Even we are only 20% EV - but we are going hard into the direction of energy independence.
Next stop electricity - Next stop heating - Next stop warm water - Next stop cooling -- Next stop AWG.
Do you really think that electricity needed to charge your EV comes from wind and and hydro and sun alone.
Also the reason for the 20% more, is because we are governed by corrupt kleptocracy, and don't do anything about it.
The us doesn’t even buy oil from Saudi Arabia 😂
Influencer. A convincing message. You'd be worth double to the competition except that Venezuela lost the wherewithal years ago. Nobody wonders why.
Because they’re lying about their reserves….. it’s pretty obvious.
That is big brain by saudi giving Russian oil to west
Earning on the arbitrage.
💰
EU/western country buying repackaged oil from Russia is still a win.
Russia loose a lot in discount and EU/western cannot anymore be blackmailed by Russia.
Saudi is ridiculuous we should invade and liberate it
Russia is not loosing anything, they are making 2 billion dollars every single day due to high oil prices
@@picasoj5944 "Russia is not loosing anything, they are making 2 billion dollars every single day due to high oil prices"
Their cost of delivery increase and India and China ask for heavy discount.
Russia is loosing a lot.
this comment aged like shit
@@anteeko
Even with the extra costs, they're still making more than they did before the war.
They should invest in pipelines to Asia now, you never go wrong with pipelines, unless the other end is a US colony.
Call me crazy, but I'm starting to think they're lying about their reserve amounts...
It's actually Saudi Arabia's "Top - Top Secret".
Cluster F to west, Saudi-Rus relationship is going to be a game changer.
Weird that KSA imports oil....wtf....let me watch this 😶
Hahaha
To keep price support.
war is peace
because of the wrong term used "teach them a lesson" dont recommend channel
Logically answered >>>>>> Jake Tran
Hahaha 🙏
China India befitting by paying close to prewar price.
I wanna taste some Sweet Oil
money
Hey did you graduate man I'm also tamil
For the algorithm 👍🏽
You do the spread.... Import cheap. Export expensive. We do the same with Canada.