Indian refiners have begun paying for Russian oil via Dubai traders in UAE dirhams
An interesting weekend item from Reuters about oil, but also about circumventing trade payments in the dominant USD – helping Russia to de-dollarise its economy. Indian refiners have begun paying for most of their Russian oil purchased via Dubai-based traders in United Arab Emirates dirhams instead of U.S. dollars India’s top bank, the State Bank […]
Weekend oil – Yellen says setting price caps on Russian refined oil products complicated
Yellen was speaking with media on her trip to Africa. Yellen said the the US Treasury estimates that the G7-led price cap on Russian crude oil and refined products to limit Russia’s revenues could save the 17 largest net oil-importing African countries $6 billion annually said two separate price caps on Russian refined petroleum products, […]
Russian rouble gains 3% on first working day of 2023 By Reuters
© Reuters. FILE PHOTO: A Russian one rouble coin is pictured in front of the Kremlin in Moscow, Russia, in this illustration picture taken June 24, 2022. REUTERS/Maxim Shemetov/Illustration By Jake Cordell (Reuters) – The Russian rouble started the first full trading day of the new year on the front foot, advancing by more than […]
Russian rouble advances vs dollar, euro in light holiday trade By Reuters
© Reuters. FILE PHOTO: Rouble coin plunges into water in this illustration taken, May 23, 2022. REUTERS/Dado Ruvic/Illustration (Reuters) – Russia’s rouble rose against the dollar and euro on Friday, as oil prices lifted during thin holiday trading. The rouble gained 0.55% against the dollar to 71.79 by 0735 GMT, and 0.86% against the euro […]