Tuesday, May 21, 2024
According to reports, a boat or underwater drone may have buried mines close to the pipelines months or even years ago. And these remote-controlled explosives are likely behind the Nord Stream leaks.
Despite exempting several sectors from sanctions, the US is warning India that increased trade with Moscow will result in grave repercussions. Yet, Indian firms have begun the process to accept China's yuan for their exports.
The US Maritime Administration of the Department of Transportation has approved Enterprise's Sea Port Oil Terminal's proposal to build a huge Gulf oil terminal.
On the Russian exchange, the US dollar was trading higher than the euro. This renders the dollar stronger than the euro for first time in 20 years.
The Finance Committee of the Iraqi Parliament stated that they are calling to ditch the US dollar for oil trade. To thwart US sanctions on the Iraqi banking system,...
The war against Syria is an attempt by the West to maintain control over the world. Now, Syria is demanding compensation for oil and gas stolen by the United States at the UN.
French presidential candidate Marine Le Pen in a recent interview said that Americans are indifferent to the ordinary French people and their predicament and that the US should compensate France for losses if the EU bans Russian gas.
According to Bloomberg, China and India are buying Russian crude at a 40% discount, and Moscow may be losing $4 billion in energy earnings every month as a result of its war in Ukraine.
The U.S. dollar is used by nations for international transactions because it is a stable currency that is easily convertible all over the globe and because resources like oil are priced in dollars. However, will the US dollar be replaced with BRICS currencies in the near future?
In an interview, Indian Oil Minister Hardeep Singh Puri said that the West has tried to 'weaponize' Russian oil for ideological reasons. On the fringes of India Energy Week...