@LukeGromen@Rory_Johnston@davealevine Note that the oil sold by Iraq until now was in USD and managed by US banks
hence they may have all their foreign currency reserves frozen
Pointless to sell a shipload in USD
Very revolutionary to sell in CNY
@maneco1964@ThierryBorgeat guess he is peaking about value agains other goods, for example bread
take into account dollar devaluation, it make sense
$ x 0.043
Gold x 4
4/0.043 = 96 × (value of gold in dollars)
(this 96x) should be your 241.18 ×
@_marcomontanari DPA era divertente su youtube a mappare la guerra in Ucraina
Ma per il resto non ne imbrocca granchè, l'account twitter l'ha probabilmente subappaltato ad un bot
@DarioCpx as for now no substantial demand disruption (apart Vietnam & Filippine)
only higher price
and selling floating storage + SPR
-> importers shelling a lot of cash