Published On: Wed, Oct 11th, 2017

China could shatter petrodollar by compelling Saudi Arabia to trade oil in yuan

Preview Beijing is likely to “compel” Saudi Arabia to sell crude oil in yuan, and others will follow, according to the chief economist and managing director at High Frequency Economics Carl Weinberg. This will hit the US dollar, he says.
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China could shatter petrodollar by compelling Saudi Arabia to trade oil in yuan