America Is Dependent On Kremlin For Crude Despite Malware Threats

The United States is showing great interest in Russia’s oil reserves. This is going to continue, as economists wait for America’s economy to recover completely from the snugs that have hampered its growth since pandemic lockdowns.

America’ sanctions over the Venezuelan oil reserves is another reason Washington is eyeing the Russian fuel oil feedstocks and crude oil. Russia has been America’s supplier for a long time. It is only in Biden’s administration that the need for domestic production is being looked at seriously.

According to the latest monthly Energy Information Administration (EIA) data, US imports of crude and oil products from Russia hit an all-time high of 844,000 b/d in May this year making it the No. 2 supplier, albeit well below Canada’s 4 million b/d.

Despite its troubled relations over malware attacks on American structures, it has been seen supplying Washington with crude more than OPEC nations known for supplying crude all over the world. The reason that US refiners have increased their use of Russian oil is to essentially replace Venezuelan supplies they imported before the US sanctioned PDVSA in January 2019.

Related Posts

In May this year, the American Colonial Pipeline was hit with a ransomware attack, possibly originating from the Russia. The allegations were simply denied by Kremlin. But it led to souring the trade relationship for a while. Later, in June, President Biden expressed his maturity asking the Russian President Vladimir Putin that energy facilities and other critical infrastructure should be off limits to ransomware attacks. The Colonial Pipeline was shutdown due to internet glitches.

Geopolitical Monitor

The daily developments on front of geopolitical relations and agendas are guaranteed to be brought to you. Assuring to bring to you the most unique point of view regarding the global developments

Recent Posts

Home Hero Sinner Eyes Glory at ATP Finals in Turin

Current world no. 1, Jannik Sinner is also planning to play in the ATP Finals in Turin between the 10th… Read More

November 8, 2024

‘Brutal’ Year: Prince William Opens Up About Family’s Cancer Battles

USA Today reported that Prince William said that this past year was ‘probably the hardest’ of his life due to… Read More

November 8, 2024

UAE and WHO Unite to Evacuate Critically Injured Palestinians from Gaza

In a collaborative humanitarian mission with the World Health Organization the Gulf nation UAE evacuated 86 critically injured patients from… Read More

November 8, 2024

Power Cut to 70,000 Customers in Southern California Due to Wildfire Risk

Southern California Edison the main electric provider in the region intentionally cut power to nearly 70,000 customers overnight as a… Read More

November 7, 2024

Middle East Crisis: Escalating Conflict Claims 40 Lives in Lebanon as Israel Intensifies Strikes

As confirmed by the health ministry of Lebanon Israeli airstrikes have intensified across Lebanon. According to the ministry, at least… Read More

November 7, 2024

UAE, Australia Launch Historic Trade Partnership Talks

According to WAM, it is the first time that the United Arab Emirates and Australia have claimed that they have… Read More

November 7, 2024

This website uses cookies.

Read More