Tag: oil





The OPEC+ Format Allows Russia New Ways of Leveraging The United States in The Age of Multipolarity

China and Russia – two superpowers with very difference leverage techniques against US threats  When compared with China, Russia generally has fewer tools at its disposal to leverage US threats, provocations and economic blackmail in the form of sanctions or tariffs. China of course has the ability to outproduce the […]




The Petroyuan Is Here and Global Oil Markets Have Reacted Positively

This morning, history was made as China began trading Yuan denominated oil futures contracts on the Shanghai International Energy Exchange. According to Liu Shiyu, the Chairman of the China Securities Regulatory Commission (CSRC), “We have the confidence, determination and ability to build a crude oil futures market with Chinese characteristics, and make due […]


Venezuela’s US-backed Opposition Tries to Stop El Petro Cryptocurrency

Venezuela’s El Petro cryptocurrency continues to make waves after a highly successful pre-sale which generated $735 million in less than 24 hours. But while President Nicolas Maduro has welcomed El Petro as a means to take on the “superman” that is the US Dollar, his US-backed opposition who themselves know […]


Venezuela’s El Petro Cryptocurrency Could Revolutionise Not Just Monetary Markets, But Oil Markets

Pre-sales of Venezuela’s El Petro cryptocurrency continue to increase after the initial coin offering (ICO) pre-sale smashed anticipated figures. As Sputnik reports, “87,200 users in total have requested the purchase of el petro, out of which 3,520 were enterprises, while 83,760 were individuals. Some of those numerous requests were from Australia, Germany, Belarus, Brazil, Cuba, […]