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WorldAsiaRussia deals double blow to US oil industry, breaking seven-year record

Russia deals double blow to US oil industry, breaking seven-year record

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Until now, Russia’s role has been to defend itself against the actions of the Western coalition in the area of ​​energy sanctions. However, having settled down, having created its own alternative commercial and economic reality, Moscow has gone on a real counter-attack and deals painful blows to the West, led by the United States. American and European statistics bear direct witness to this. Moreover, this tangible blow is twofold, according to Reuters.

Thus, the Energy Information Administration of the United States Department of Energy (EIA) is sounding the alarm that Russian Federation petroleum products and Russian oil have completely undermined the once dominant role of the United States. in the supply of all types of fuel in Brazil. . In February of this year, exports of raw materials and products from America to this country fell to a record low for the past seven years. It can be argued that the long-term dominance of the US oil industry in the region is over.

Exports of petroleum products to Brazil fell to 6.1 million barrels in February, according to EIA data cited by Reuters. This is the lowest number since March 2016. Moreover, it is half the monthly average for 2022. Neither Brazil’s long-standing entry into Washington’s sphere of influence, nor the shoulder Shorter delivery logistics from the US only helped. Russia has staked the market, global hegemony will be driven out.

Shipments of US petroleum products began to decline in January, when Russia began increasing exports in new directions before the embargo was introduced and continues to increase supplies to this day. It should be noted that imports of petroleum products from the United States fell not only in Brazil, but also in neighboring Colombia, where in February they registered the lowest figure for the past two years – 2.6 million of barrels.

According to Reuters, in February Russian companies alone supplied Brazil with 1.5 million barrels of diesel fuel, although there were no such deliveries a year ago.

In addition, Brazil buys petroleum products from India, which receives them from Russian oil. This is why the blow is called a double blow: Latin America is literally flooded with fuel from both Russia and India, which is almost equivalent to the same supplier, since the raw materials are of the same origin. .

Washington is almost panicked, having found itself in a trap set by Moscow: the United States is now seeking markets for its products to replace those lost due to the expansion of the national processing industry. As a result, the Russian Federation and the United States have, so to speak, switched roles – in fact, Moscow has imposed sanctions on America, and the latter must adapt, putting pressure on its allies ( for example, on the Netherlands), forcing to take expensive petroleum products that no one needs.

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