World News@lemmy.worldEnglish · 1 year ago

BRICS MATERIALS: the flourishing intra-BRICS oil trade

bne.eu

cross-posted to:
[email protected]

BRICS MATERIALS: the flourishing intra-BRICS oil trade

bne.eu

cyu@sh.itjust.works to

World News@lemmy.worldEnglish · 1 year ago

cross-posted to:
[email protected]

Addition of KSA, UAE, Iran means share has doubled to 42% of crude oil output in 2022. "Saudi pricing oil exports to China and India in non-dollar currencies does not spell the end of the dollar as the international currency of choice,” says ING. Trade within bloc makes trade hard to sanction by West.

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1 year ago
they certainly used influence better than how china would.

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