India could advance the de-dollarization agenda and procure Nigerian oil and settle payments in their local currency, the naira, according to a latest de-dollarization report from Firstpost Africa. The report…
India 50% oil tariff has triggered an massive 85% collapse in the Brent-Dubai spread, and it dropped from $3.90 to just 60 cents per barrel right now. This shift shows…
Procuring crude oil from Russia has taken center stage in the global economy, with Trump imposing tariffs on several countries. The US wants to contain the Russian economy as it…
A New Front in the Oil WarWith the Ukraine conflict still unresolved and Russia's oil revenues flowing, the US is shifting strategy: stop pressuring Moscow directly — and start pressuring…
The world is now witnessing a sharp change with the US dollar being sidestepped and overshadowed by local currencies. The majority of the countries are now strengthening their commitment to…
The petrodollar was established in the 1970s after the US struck deals with Saudi Arabia and other OPEC countries. The deal was to price and settle oil trades in US…
Oil refiners around the world are now demanding the US dollar for payment settlements and not local currencies. The development helped push the DXY index to the 100.20 level in…
The US imposed sanctions on Russia in February 2022, limiting its imports and exports to cripple its economy. Despite the US sanctions, BRICS members have been relentlessly buying crude oil…
13h07 ▪
4
…
India leaving BRICS has actually become quite a hot topic as tensions between New Delhi and Washington reach their highest point in decades. The speculation around whether India will be…