Latest: Energy News

Even if most oil sales are done in dollars, more and more countries are doing deals in other currencies, as shown by India’s purchase of Russian crude via a rouble/rupee transaction

Experts say the Saudi offer to allow China to pay for oil in yuan is not linked to sanctions on Russia, but rather Riyadh using China as a bargaining chip to put pressure on its Western allies

Arrivals of Saudi crude totalled 14.61 million tonnes in January-February, equivalent to 1.81 million barrels per day (bpd), down from 1.86 million bpd a year earlier, data showed

Much of the record payout was driven by the bumper profits and dividends of the large miners

Tehran envoy Ali Chegeni said if both nations restart their rupee-rial trade, bilateral trade could surpass $30 billion

Barring manganese, prices of other commodities such as lithium, cobalt and nickel have increased sharply since the beginning of 2022

Canberra on Friday announced new sanctions against 11 government entities and financial institutions and 41 more individuals, including two billionaires