Browsing Tag
Oil
125 posts
BRICS: Less Than 10% Of Russian Oil Sold In US Dollars
The White House pressed sanctions against Russia in February 2022 for its role in invading and waging war…
BRICS: 15 Countries to Ditch US Dollar for Oil Trade?
New BRICS member, The United Arab Emirates (UAE) is looking to settle oil payments in local currencies and…
BRICS: UAE to Ditch US Dollar in New Oil Deals
The BRICS economic alliance has seemingly prioritized its de-dollarization efforts, leading the United Arab Emirates (UAE) to seemingly…
BRICS: What Happens if Saudi Arabia Ditches US Dollar for Oil?
Saudi Arabia’s induction into the BRICS alliance threatens the US dollar’s prospects as the de-facto currency for oil…
BRICS Advancing To Create Non-US Dollar Oil Trade
The BRICS expansion is historic as the alliance inducted six new countries in August during the 15th summit…
Saudi Arabia’s GDP Hit by Oil Supply Cuts: 4.5% Yearly Decline in Q3
Preliminary data shows that Saudi Arabia’s economy saw a 4.5% year-on-year decline in the third quarter. This marks…
BRICS: Saudi Arabia Lines Up New Trade Deals Beyond Oil
The new BRICS member Saudi Arabia is seeking to expand its trade deals beyond the traditional oil and…
BRICS: India Refuses To Pay Chinese Yuan for Oil, Prefers US Dollar
Cracks are developing between the top three BRICS members India, China, and Russia over payment options for Russian…
BRICS: Venezuela Looks To Abandon the Dollar, Then US Eases Sanctions
The US pressed sanctions on Venezuela in 2018 and banned its state-run oil company PDVSA from exporting to…
What Happens If BRICS Asks US & Europe To Pay Local Currency For Oil?
The BRICS alliance inducted six new countries into the bloc during the 15th summit in Johannesburg in August…