India Starts De-Dollarisation With Gulf Exporters To Accept Rupees For Crude
The Reserve Bank of India has requested the nation’s principal state-owned refiners to accept rupees for crude, starting the process of de-dollarization with Gulf exporters. It seems that India is now seeking a similar agreement with Gulf crude exporters, four months after its government rejected efforts from Russian oil corporations to pay for Russia’s crude […]
US Defied Own Sanctions, Imported Russian Crude Worth Nearly $3.5-mn In Oct-Nov, Claims Report
According to a report by Sputnik Globe-News, the US has defied its sanctions and imported Russian crude worth nearly $3.5 million in October and November. Despite imposing sanctions on Russia over its invasion of Ukraine, the United States received Russian oil worth $2.7 million and $749,500 last October and November, respectively, a report by Russian […]
US Seizes 1 Million Barrels Of Iranian Oil Allegedly En Route To China
The US seized 1 million barrels of Iranian oil from the ship Suez Rajan in April, which was allegedly being sold to China by the IRGC. The American administration has acknowledged that it intercepted about a million barrels of Iranian crude oil that were reportedly headed for China. The department issued its first criminal resolution […]