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US penalties against Saudi Arabia over the alleged murder of Washington Post journalist Jamal Khashoggi may never be implemented. But just in case, the oil-rich kingdom has threatened to hit back using several effective weapons. Washington pledged ‘severe punishment’ if the Saudis ordered the killing of Khashoggi, a Saudi-born journalist, who disappeared nearly two weeks […]
Oil firm Surgutneftegas has joined a list of Russian energy companies that are ready to get rid of the US dollar in favor of the euro and other currencies in international settlements, Reuters reports. Read more According to a message sent by Surgutneftegas to one of its customers, the oil company wants to “avoid any […]
Yuan-backed oil futures can shatter the US dollar dominance on the crude market, according to experts polled by RT. However, the greenback will not give up the top spot easily. “The question number one is whether China will be able to make the oil market its demand market, and not the oil supply market traded […]
Published time: 10 Dec, 2017 05:29 Edited time: 10 Dec, 2017 05:33 The gradual acceptance of digital currencies, with major exchanges about to launch bitcoin futures trading, may prompt some oil producing nations to ditch the US dollar in crude trade, an oil analyst says. Russia, Iran and Venezuela have more than one thing in […]
Published time: 15 Sep, 2017 15:27 Beijing has announced plans to start a crude oil futures contract priced in yuan and convertible into gold. The step might lead to the emergence of a new Asia-based crude oil benchmark to compete with Brent or West Texas Intermediate futures. Read more RT talked to investing guru and […]
