Saudi Arabia Preparing To Join BRICS. Has Doubled Russia Crude Imports. Developing Closer Ties With China

Zero Hedge: Saudis Double Russia Crude Imports As It Prepares For BRICS Inclusion

Saudi Arabia has a thirst for heavily discounted Russian diesel and other fuel products banned by many countries in the West.

The world's largest oil exporter more than doubled the amount of Russian fuel oil in the second quarter to supply power generation stations to meet surging cooling demand this summer and allow the kingdom's crude exports to increase.

Western sanctions forced Russia to discount fuel oils on spot markets, which has increased demand in the East, not just from the Saudis but also from China and India.

Read more ....

Update: Exclusive: Saudi Arabia doubles second-quarter Russian fuel oil imports for power generation (Reuters).

Update #2: Russian Fuel Oil Is Too Cheap For Saudi Arabia To Resist (OilPrice.com)

WNU Editor: China - Saudi Arabia ties are also getting better .... China stands in the way of Biden’s Saudi outreach (Politico). What a contrast with the West, where all I see is confusion.

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