First purchases of oil for UAE for EU in several years

Discussion in 'Economics' started by terr, Apr 25, 2022.

  1. terr

    terr

    It was announced that for the first time in several years, EU will import oil from UAE - obviously to reduce imports from Russia.

    Note the name of the oil tanker that will be used to transport the oil.

    upload_2022-4-25_11-55-28.png
     
    zdreg, virtusa, Nobert and 1 other person like this.
  2. zdreg

    zdreg

    MOSCOW SPIRIT (IMO: 9418602) is a Crude Oil Tanker registered and sailing under the flag of Bahamas. Her gross tonnage is 83850 and deadweight is 156480. MOSCOW SPIRIT was built in 2010. MOSCOW SPIRIT length overall (LOA) is 274.5 m, beam is 48.03 m. Her container capacity is 0 TEU. The ship is operated by TEEKAY MARINE SINGAPORE.
     
  3. UAE is not a friend of Biden nor EU. UAE is not a friend of Net Zero which they jammed into the Narrative upon Biden election.
    Once EU starts buying oil from Saudi/UAE dependently...UAE and Saudi will also constrain and lower delivery amounts as prices rise...continue to constrain and lower delivery amounts as dependency increases.

    UAE and Saudi are NOT FRIENDY nations toward EU. EU wishes to totally transform toward green...reduce oil usage toward zero. EU is in a very bad place right now.

    In fact...ever since Biden released strategic oil supplies and China has stayed locked down with reduced oil usage...Saudi has been jawboning heavily about a reduction in OPEC+ general output at the next meeting.