Russia could regain its spot as the world's premier oil exporter despite sanctions, Bank of America says

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Russian President Vladimir Putin (L) looks on Defence Minister Sergei Shoigu (R) during a military parade in Pskov, Russia, on March,1, 2020.

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More oil releases from the US Strategic Petroleum Reserve won't 'rock the boat', says UAE's energy minister

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Oil storage facility in Texas
An oil storage facility in Houston, Texas.

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China is ramping up Russian oil imports and Beijing could greenlight even more volumes

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ChatGPT predicts US dollar dominance will give way to a multipolar currency system as China's yuan gains influence

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Dollar vs. Yuan

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US stocks end mixed after volatile session as indexes notch weekly losses

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Wall Street has been hit by a brutal market sell-off this year.

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US stocks sink further with S&P 500 on course for worst week since December

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US stocks edged lower on Tuesday as more Wall Street banks reported mixed earnings

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Top Indian refiners are using the UAE's currency instead of the US dollar to buy Russian crude, report says

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Oil tanker

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Russia is smashing open its $45 billion piggy bank of Chinese yuan as energy revenue crashes

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Russian President Vladimir Putin meets Chinese President Xi Jinping at BRICS Summit in Brasilia
Russian President Vladimir Putin and Chinese President Xi Jinping.

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Price caps on Russian fuels could range from $45 to $100 with EU diplomats set to begin negotiations, report says

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Russian President Vladimir Putin.

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