Post Tagged with: "global oil trade"

Source: Oil Price

Fifth of global oil trade used non-dollar currencies in 2023

Oil Price

A fifth of global oil trade this year was settled in currencies different from the U.S. dollar as countries such as Russia and China move away from the petrodollar.

This is according to JP Morgan’s head of global …

December 28, 2023 - 3:30 pm — Closing Bell Story‎, Crude Oil News, Energy News
Here is How Iran Would Carry Out a Plan to Disrupt Global Oil Trade

Here is How Iran Would Carry Out a Plan to Disrupt Global Oil Trade

Plans to disrupt global oil trade would almost certainly involve hampering tankers moving through the world’s busiest oil choke point: Strait of Hormuz

About two thirds of the world’s largest oil tankers travel through the straight; and one-third of the

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May 24, 2019 - 6:35 am — Closing Bell Story‎, Crude Oil News, International, LNG, Politics & Opinions, Trade
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