The hottest Oil trade Substack posts right now

And their main takeaways
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Top World Politics Topics

US pressures Saudi Arabia to sell oil in dollars, not Chinese yuan, amid Israel negotiations

Geopolitical Economy Report • 717 implied HN points • 13 Aug 23
🌍 World Politics Oil trade China relations
  1. The US is pressuring Saudi Arabia to continue pricing its oil in dollars, not Chinese yuan, as part of negotiations involving Israel.
  2. The petrodollar system plays a key role in maintaining the hegemony of the US dollar, ensuring steady demand for the currency worldwide.
  3. Saudi Arabia's relationship with China is strengthening, leading to discussions about potentially selling oil in yuan, which could impact global economic dynamics.

BRICS challenges US 'dollar dominance', Saudi considers selling oil in other currencies: New multipolar economic order

Geopolitical Economy Report • 578 implied HN points • 21 Jan 23
🌍 World Politics BRICS Oil trade
  1. BRICS is working to challenge the dominance of the US dollar by creating a fairer system of monetary exchange.
  2. Saudi Arabia is considering selling its oil in currencies other than the US dollar, indicating a shift away from the petrodollar system.
  3. Prominent economist Zoltan Pozsar highlights the emergence of a new multipolar economic order that challenges the exorbitant privilege of the US dollar as the international reserve currency.

The De-Kastri Mystery

Navigating Russia • 176 implied HN points • 15 Jan 24
🌍 World Politics Sanctions Russia Oil trade Risk Analysis
  1. The breakdown in Sakhalin-India oil trade likely stemmed from elevated risk perception in the shadow trade.
  2. Increased enforcement efforts could shrink the shadow fleet, impacting Russian oil revenues.
  3. Speculation suggests India demanding price-cap compliance led to the failed deliveries, causing distress for Russian oil exporters.

Dangerous Waters

Navigating Russia • 157 implied HN points • 13 Dec 23
🌍 World Politics Sanctions Russia Oil trade
  1. Recent OFAC sanctions have targeted Russian shadow tankers, causing increased risk and potential blocking orders for many vessels.
  2. Moscow's shadow trade faces higher freight rates, deeper price discounts, and more exposure to price cap restrictions.
  3. The Kremlin's oversight of ties to U.S.-based services has led to sanctions blunders and raised risk levels for all participants in the shadow trade.
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