Browsing Tag
Oil
133 posts
BRICS Moves From US Dollar Debt to RMB Bonds as Japan Buys Russian Oil
The BRICS alliance has catalyzed a significant shift away from US dollar debt and toward RMB bonds, and…
BRICS: The Global Bombshell That Shifts Power Away From the West
BRICS power shift has catalyzed a critical turning point as the expanded alliance now includes Saudi Arabia, Iran,…
BRICS: Demand For US Dollar Grows in Oil Payments, Local Currency Dips
BRICS tried to convince other countries to ditch the US dollar and use local currencies for oil payments…
After Gold, China Begins Stockpiling Oil: Here’s the Reason
After buying tonnes of gold worth billions since 2022 and diversifying their assets in the central bank, China…
Goldman Sachs Bearish on Oil Prices: Predicts Fall to $60 a Barrel
Leading global investment bank Goldman Sachs has trimmed its oil price forecast, indicating that Brent Crude will fall…
De-Dollarization: Nigeria Regrets Ditching the US Dollar For Trade
The Nigerian government announced in October last year that the country’s oil and gas firms would settle payments…
JP Morgan: Oil’s Volatile Journey From $145.29 Peak to $71.48—What’s Next?
According to current JP Morgan oil analysis prices have experienced a drastic decline from their 2008 value of…
IMF Lowers Saudi Arabia’s Growth Outlook as Economic Pressures Loom
The International Monetary Fund (IMF) has lowered Saudi Arabia’s growth outlook in its latest report. In its recent…
Iran Sanctions & China’s 90% US Oil Cut: How High Could Oil Prices Climb in May 2025?
Iran’s and China’s oil trade is actually shifting quite rapidly right now as new US sanctions and also…
Exxon (XOM) Jumps As It Becomes Billionaires’ Top Oil Stock
Exxon Mobil (XOM) stock climbed during Thursday’s trading session following a general rise amongst oil company stocks. U.S.…
