Tag Archives: Oil Trade

China steers toward a car industry based on NEVs. the oil trade will lose its luster.

According to the report. the refiner shipped in about 21 percent less oil from Iran at about 134.000 bpd in 2017.

Oil crashed to its lowest levels in over a decade in February 2016 from a high of $115 a barrel three years ago.

Iran'.s oil exports have nearly doubled since January 2016.

While China pushes for the petro-yuan. Russia is also making moves which could have serious implications for the U.S. dollar.

A more significant development was Russia agreeing to some yuan-based oil trade in 2015. also the result of U.S. sanctions.

U.S. sanctions could cut off a lot of Iranian oil trade finance.

U.S. sanctions could cut off a lot of Iranian oil trade finance.

In recent years. several nations opposed to the dollar being the world'.s reserve currency have progressively sought to try and abandon it.

The Iraqi Foreign Ministry has called on Ankara and Tehran to close checkpoints at the border with Iraqi Kurdistan.