https://sputniknews.in/20260310/eating-lemon-to-hide-a-smirk-oil--gas-to-help-the-world-get-sane-again-10594308.html
Eating Lemon to Hide A Smirk: Oil & Gas to Help the World Get Sane Again
Eating Lemon to Hide A Smirk: Oil & Gas to Help the World Get Sane Again
Sputnik India
Oil suddenly climbing over 100 dollars per barrel: who is the winner of that preposterous situation? The possible changes to the global economy and politics... 10.03.2026, Sputnik India
2026-03-10T18:45+0530
2026-03-10T18:45+0530
2026-03-10T18:45+0530
world news
vladimir putin
donald trump
russia
china
india
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But lemons may also be of use to some traders willing to earn a very fast buck, capitalizing on other nation’s predicament.There was a meeting in the Kremlin, this week, on the situation in the global oil and gas market, with the President Vladimir Putin making the starting remarks. No smiles were visible on the TV screens showing the start of that discussion. Let’s have a look at Putin’s words on that matter, the ones that concern us all.In the current conditions, competition between buyers for energy suppliers and for stable and predictable oil and gas supplies is intensifying.In this regard, of course, I cannot but say and remind not only my colleagues here in this room, but also all our consumers in general, that it has been stability that Russian energy companies have always distinguished themselves by."Obviously, the global logistics of the fuel and energy complex in the context of the ongoing conflict in the Middle East will be changing towards more profitable and more promising markets. At the same time, we must be aware that the current high commodity prices are definitely temporary.""We will certainly continue to supply oil and gas to those countries that are reliable counterparties themselves. I am referring not only to our partners in the Asia-Pacific region, but also in Eastern European countries such as Slovakia and Hungary. Even now, some colleagues have already informed me before the meeting in such an expanded format that we are increasing supplies to our reliable partners in several regions of the world at once.""The current situation is such that if we immediately refocus on those markets that need increased supplies, we can gain a foothold there now. That is, where there is steady long-term demand and reliable long-term relationships, to those states that are building constructive business relations with Russia."That is the general situation, and this is the order of the battle: do not be greedy, be clever instead, think long-term, deal with reliable friends – and change the world for the better in the process.Being clever means seeing clearly whose losses in the current crisis may be less than average due to Russian supplies, and, hence, who will strategically profit from the current ugly turmoil. That will be India and China, as well as other nations that may utilize the situation to their future benefit.Russian oil saves India and China, says Olga Samophalova, the expert on energy markets, writing for this and other online resources. India, she says, has recently reduced the direct purchases of oil from Russia to please the US, but at the same time is buying the same oil from traders with other seller’s names, so as not to anger anyone.All this time, she goes on, the tankers with Russian oil have been stationed near Indian shores for some time, and the middlemen were waiting for something to push the prices up. It could be the start of authomotive season in certain parts of the world or the much-anticipated war in the Middle East.The war happened first. So the Indian buyers, Olga says, began to snatch the tankers with Russian oil, emboldened by the US predicament in Iran and the American court decision about dubious legality of Donald Trump’s tariffs as a weapon of trade wars.To add, that’s a cruel situation, when America’s two main weapons are being blunted simultaneously. But, still, that situation better be used to harmonize the future world, than to harm the US, the nation that will be important for the global economy regardless of its future policies.Far as China is concerned, goes on Ms. Samophalova, things are even better – for Russia and for China itself, that is. Russia’s supplies of oil to China was, and is, around 2.2 million barrels a day, while the Saudis and the Emirates contributed 1.6 and 1.5 million. And there are no physical or political limitations to increased Russian supplies, not to mention all kind of projects of gas pipelines across the border being already in… yes, in the pipeline they are.Who may order China to buy less from Russia? Is it Donald Trump whose visit to China on March 31 currently does not look very promising for America under the circumstance?Europe, now… That’s where every Russian writer is dripping poison in every line. Let’s quote again Vladimir Putin at the same meeting in Kremlin."I would like to remind you that the EU countries plan to introduce additional restrictions on the purchase of Russian hydrocarbons, including liquefied natural gas, effective April 25, up to a complete ban on such supplies in 2027. In this regard, the Government has already been tasked with assessing the possibility and expediency of stopping the supply of our energy resources to the European market without waiting for the door to be defiantly slammed in our face, but doing it now and diverting these volumes from the European market to more promising areas, and gaining a foothold there, which is most important."Russian media is full of harrowing information about the EU unpacking hydrocarbon reserves, since there is nothing else to be done. Not to mention the fact that inner rebellion in the EU is gaining force, with Hungary and Slovakia demanding the abrupt end of all these stupid games with anti-Russian sanctions, especially the hydrocarbon-centered ones. To add, there are strong rumors that the US is going to forgo a lot of such sanctions on Russia right now.What’s the net result of all that? First, you better start getting ready for an official burial of the idea of green transition. The folks who still want to talk about the need to do without oil and gas, or even drastically reduce their use, are hopeless. If the oil shock has not helped them to get sane again, nothing will. Now we know very well what happens when hydrocarbons are getting even a relatively minor hit.Second, it’s not exactly a natural process, when some nations raise their status in the world, while other nations are losing ground. It’s the clever ones that become winners, not just the lucky ones. And if the Iranian war is teaching us any lessons at all, that is the lesson of the need of starting careful planning of our future right now.Dmitry Kosyrev is a Russian writer, author of spy novels and short stories. He also did columns for the Pioneer and Firstpost.com
https://sputniknews.in/20260303/india-considers-its-options-to-navigate-oil-market-volatility-due-to-iran-us-war-10557468.html
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Eating Lemon to Hide A Smirk: Oil & Gas to Help the World Get Sane Again
Oil suddenly climbing over 100 dollars per barrel: who is the winner of that preposterous situation? The possible changes to the global economy and politics are such, that some Russian columnists are advising other Russian columnists: brothers and sisters, you need to go and eat a lemon to hide that ugly smirk.
But lemons may also be of use to some traders willing to earn a very fast buck, capitalizing on other nation’s predicament.
There was a meeting in the Kremlin, this week, on the situation in the global oil and gas market, with the President Vladimir Putin making the
starting remarks. No smiles were visible on the TV screens showing the start of that discussion. Let’s have a look at Putin’s words on that matter, the ones that concern us all.
In the current conditions, competition between buyers for energy suppliers and for stable and predictable oil and gas supplies is intensifying.
In this regard, of course, I cannot but say and remind not only my colleagues here in this room, but also all our consumers in general, that it has been stability that Russian energy companies have always distinguished themselves by.
"Obviously, the global logistics of the fuel and energy complex in the context of the ongoing conflict in the Middle East will be changing towards more profitable and more promising markets. At the same time, we must be aware that the current high commodity prices are definitely temporary."
"We will certainly continue to supply oil and gas to those countries that are reliable counterparties themselves. I am referring not only to our partners in the Asia-Pacific region, but also in Eastern European countries such as Slovakia and Hungary. Even now, some colleagues have already informed me before the meeting in such an expanded format that we are increasing supplies to our reliable partners in several regions of the world at once."
"The current situation is such that if we immediately refocus on those markets that need increased supplies, we can gain a foothold there now. That is, where there is steady long-term demand and reliable long-term relationships, to those states that are building constructive business relations with Russia."
That is the general situation, and this is the order of the battle: do not be greedy, be clever instead, think long-term, deal with reliable friends – and change the world for the better in the process.
Being clever means seeing clearly whose losses in the current crisis may be less than average due to Russian supplies, and, hence, who will strategically profit from the current ugly turmoil. That will be India and China, as well as other nations that may utilize the situation to their future benefit.
Russian oil saves India and China, says Olga Samophalova, the expert on energy markets, writing for this and other online resources. India, she says, has recently reduced the direct purchases of oil from Russia to please the US, but at the same time is buying the same oil from traders with other seller’s names, so as not to anger anyone.
All this time, she goes on, the tankers with Russian oil have been stationed near Indian shores for some time, and the middlemen were waiting for something to push the prices up. It could be the start of authomotive season in certain parts of the world or the much-anticipated war in the Middle East.
The war happened first. So the Indian buyers, Olga says, began to snatch the tankers with Russian oil, emboldened by the US predicament in Iran and the American court decision about dubious legality of Donald Trump’s tariffs as a weapon of trade wars.
To add, that’s a cruel situation, when America’s two main weapons are being blunted simultaneously. But, still, that situation better be used to harmonize the future world, than to harm the US, the nation that will be important for the global economy regardless of its future policies.
Far as China is concerned, goes on Ms. Samophalova, things are even better – for Russia and for China itself, that is. Russia’s supplies of oil to China was, and is, around 2.2 million barrels a day, while the Saudis and the Emirates contributed 1.6 and 1.5 million. And there are no physical or political limitations to increased Russian supplies, not to mention all kind of projects of gas pipelines across the border being already in… yes, in the pipeline they are.
Who may order China to buy less from Russia? Is it Donald Trump whose visit to China on March 31 currently does not look very promising for America under the circumstance?
Europe, now… That’s where every Russian writer is dripping poison in every line. Let’s quote again Vladimir Putin at the same meeting in Kremlin.
"I would like to remind you that the EU countries plan to introduce additional restrictions on the purchase of Russian hydrocarbons, including liquefied natural gas, effective April 25, up to a complete ban on such supplies in 2027. In this regard, the Government has already been tasked with assessing the possibility and expediency of stopping the supply of our energy resources to the European market without waiting for the door to be defiantly slammed in our face, but doing it now and diverting these volumes from the European market to more promising areas, and gaining a foothold there, which is most important."
Russian media is full of harrowing information about the EU unpacking hydrocarbon reserves, since there is nothing else to be done. Not to mention the fact that inner rebellion in the EU is gaining force, with Hungary and Slovakia demanding the abrupt end of all these stupid games with anti-Russian sanctions, especially the hydrocarbon-centered ones. To add, there are strong rumors that the US is going to forgo a lot of such sanctions on Russia right now.
What’s the net result of all that? First, you better start getting ready for an official burial of the idea of green transition. The folks who still want to talk about the need to do without oil and gas, or even drastically reduce their use, are hopeless. If the oil shock has not helped them to get sane again, nothing will. Now we know very well what happens when hydrocarbons are getting even a relatively minor hit.
Second, it’s not exactly a natural process, when some nations raise their status in the world, while other nations are losing ground. It’s the clever ones that become winners, not just the lucky ones. And if the Iranian war is teaching us any lessons at all, that is the lesson of the need of starting careful planning of our future right now.
Dmitry Kosyrev is a Russian writer, author of spy novels and short stories. He also did columns for the Pioneer and Firstpost.com
