Browsing Tag
Oil
127 posts
BRICS Settle 78% Oil Trade in Local Currencies, Ditch the US Dollar
Russia has sold nearly 78% of oil exports to its BRICS counterparts China and India between 2022 to…
Saudi Arabia Could Cripple Russia With New Oil Policies & Help the US
Saudi Arabia’s new oil policies might hurt Russia’s war effort and help the US. These changes could affect…
BRICS: Russia Sells $2 Billion Worth of Oil To the West Despite Sanctions
BRICS member Russia is laundering its crude oil to the West with the help of middlemen despite the…
US Dollar, Steel, Copper & Oil Prices Fall in September
It’s difficult to trade in the commodity markets, as leading assets are on a downward trajectory. Both soft…
It’s Official, Oil Prices Have Turned Bearish
The West Texas Intermediate (WTI) oil prices fell below the $70 mark on Monday’s closing bell. Tuesday’s opening…
Trouble in the Commodity Market: WTI Oil Falls Below $70
Oil prices are succumbing to macroeconomic pressures and are among the least-performing assets in the commodity market in…
India Seeks $3.8 Billion Loan To Expand Oil Refinery
India’s state-run oil refiner, Bharat Petroleum Corporation Ltd (BPCL), is seeking $3.8 billion in loans to expand its…
Saudi Arabia’s Bahri To Acquire 9 Advanced Oil Tankers For $1 Billion
Saudi Arabia’s leading national shipping company, Bahri, has inked a $1 billion deal to purchase nine advanced oil…
A $280 Billion Oil Problem is Plaguing the US Economy
The US oil and gas economy thrives despite having a smaller workforce in 2024. This year alone, America…
Why Did Oil Prices Drop $10 in One Month?
Oil prices nosedived by $10 early this month as the US stock market crashed due to fears of…