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oil exports

India just ditched the dollar and used its own currency to buy a million barrels of oil from the UAE

Wed, 08/16/2023 - 15:42

A man counts Indian rupee banknotes in Varanasi, Uttar Pradesh, India. — A man counts Indian rupee banknotes in Varanasi, Uttar Pradesh, India.
Dhiraj Singh/Bloomberg

Markets, MI Exclusive, Rupee, Dollar, dedollarization, dollar war, Greenback

Russia's economy takes a hit as its current-account surplus crashes 85% compared to last year

Thu, 08/10/2023 - 13:48

putin — Russia's President Vladimir Putin (L) meets with Foreign Minister Sergei Lavrov at the Bocharov Ruchei state residence in Sochi, March 10, 2014.
REUTERS/Alexei Nikolskyi/RIA Novosti/Kremlin

Markets, MI Exclusive, russia economy, Russia, Ukraine War, oil prices, Exports

Russian oil price caps have crushed Moscow's war revenue to start the year - despite widespread violations

Wed, 04/26/2023 - 09:09

vladimir putin russia — Russian President Vladimir Putin.
Pool/Yuri Kadobnov via Reuters

Markets, MI Exclusive, Russian Oil, Russia, Moscow, oil exports, Oil

Russia is using decades-old oil tankers on icy waters to duck sanctions and prop up its struggling energy exports

Tue, 03/21/2023 - 08:11

An abandoned cargo vessel lies — An abandoned cargo vessel lies beached along the Black Sea near the war torn city of Ochamchire in Abkhazia.
Loop Images / Contributor

Markets, MI Exclusive, Oil, Russian Oil, oil & gas, Russia, China

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