The greatest deficiency of the posting on this forum stems from a lack of curiousity resulting in an aversion to ready and to research.
The foremost impact from Russian petroleum being taken off the market is from Russian companies
comprising the top three
refined petroleum exporters in the world with refining
capacity of the top three. Russia exports between 2 and 3 million bbls of
refined product per day.
Resulting from limited worldwide refining capacity from lack of investment aggravated by a strategy to limit supply, especially in the
U.S., the challenge to make up for that lost capacity
cannot be relieved by increased availability of crude oil.
The "crack spread" has a dynamic of its own. Gasoline, diesel, and jet fuel will be priced in reaction to availability determined
by non-Russian refined product export levels and internal U.S. refinery output, not by a $90 crude oil vs. $115...
Rising crude oil prices, low refinery production, and high consumption of distillate fuel – which includes diesel fuel and heating oil – have contributed to the highest nominal middle distillate prices since 2014.
www.hydrocarbonengineering.com
"Putin"
does not receive the cashflow from Russian exported refined product, private corporations do.
Back to the problem of the corrupting influence of capitalism... it is complicated, too complicated for the reactionary posters of this
forum to want to attempt to grasp. All of the RWE politicians demanding boycott of Russian petroleum exports,
including Manchin,
represent energy producing states. They want higher prices!
It does not say, state OWNED,
https://www.bbc.com › news › business-60604206
1 day ago — A
yacht owned by Igor Sechin, boss
of Russian state energy company
Rosneft, was grabbed by French customs officers near Marseille.
The U.S. will not sanction Schroder, the former Chancellor of Germany, nor other former European Union countries high ranking elected
officials who "pepper" the board rooms of Russian domeciled, publicly traded corporations!
https://www.energyintel.com › ...
17 hours ago — Speaking at the shareholders meeting, Rosneft CEO Igor
Sechin -- who is personally
blacklisted under US sanctions -- characterized Schroder ...
en.wikipedia.org
...
"Rosneft owns and operates seven large refineries in Russia with an aggregate annual capacity of 372 million barrels (59.1 million cubic metres) and four mini-refineries. The refineries are able to process about 45% of crude oil produced by Rosneft as a whole. Rosneft owns as well a 50% stake in Ruhr Oel GmbH, the owner of stakes in four refineries in Germany with overall capacity of 23.2 million tonnes. Rosneft is the second largest national oil company by retail network, which covers 41
regions of Russia and includes 1,800
filling stations. In March 2020, the company stopped its operations in Venezuela and sold all of its assets in the country to another unnamed company that is owned by the Russian government.
.....
Shareholders
Prior to the (IPO) in 2006,
all of Rosneft's shares were
owned by the Russian government through its
holding company JSC
Rosneftegaz. After the placement of the company's shares on the stock exchange and the consolidation of shares of 12 subsidiaries (including Yuganskneftegaz) of Rosneft, the share of Rosneftegaz decreased to 75.16%. As of September 2012, Rosneft had over 160,000 shareholders. By December 2016, the number of individual shareholders was 138,000, with Rosneftegaz owning only 50% of the shares,
BP owning 19.75%, and 30.25% owned by other shareholders. In August 2021
Igor Sechin increased his own share at Rosneft from 0,1273% up to 0,1288%..."