Saudi Arabia in Talks to Price Oil Exports to China in Yuan Instead of USD
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With the Russia-Ukraine conflict in full effect, we pick up where we left off early March by flagging an interesting geopolitical development that could shape the balance of 2022. We noted in our previous post in January that we are likely to see multi-currency energy pricing gain more traction, much of it stemming from China’s economic needs.
Saudi Arabia in Talks to Price Oil Exports to China in Yuan Instead of USD
Saudi Arabia in Talks to Price Oil Exports to…
Saudi Arabia in Talks to Price Oil Exports to China in Yuan Instead of USD
With the Russia-Ukraine conflict in full effect, we pick up where we left off early March by flagging an interesting geopolitical development that could shape the balance of 2022. We noted in our previous post in January that we are likely to see multi-currency energy pricing gain more traction, much of it stemming from China’s economic needs.