Saudi Arabia’s $100-Billion Investment Strategy Includes New Refinery Project with BPCL
Saudi Arabia is actively seeking investment opportunities in an upcoming refinery being developed by Bharat Petroleum Corporation Limited (BPCL). This...
archiveSaudi Arabia
The Chinese Yuan Will Never Replace the US Dollar as the World’s Reserve Currency
It has recently been in the news that Saudi Arabia is in talks to price its oil sales in the...
Will BRICS Digital Currency Replace the Pretrodollar
The 50-year petrodollar agreement with Saudi Arabia to use the US dollar for oil payments ended in June 2024. With...
Why do most countries buy oil in U.S. dollars?
Oil prices have been rising this month, and on average rising all this year. Part of that is the expectation that...
Dollar Dominance at Risk If Saudi Ends Exclusive Deal to Use Greenback in Oil Trade
Saudi Arabia is moving away from the US dollar in the oil trade as it looks at alternative markets.The end...
Saudi Arabia To Sell Oil in Multiple Currencies
The Kingdom of Saudi Arabia’s 50-year-old agreement with the U.S. to sell oil in the petrodollar has expired. However, there...
Saudi Arabia ends 80-year petrodollar deal with US for multi-currency sales
Saudi Arabia has opted not to renew its 80-year petrodollar agreement with the United States, which expired on Sunday, 9th June,...
Saudi Arabia ends 80-year petrodollar deal with US for multi-currency sales
Saudi Arabia has decided not to renew its 80-year petrodollar deal with the United States, which expired on Sunday, June...
Pakistan to formally approach IMF for fresh bailout package in upcoming annual spring meetings
ANI | Updated: Apr 10, 2024 19:47 IST Islamabad , April 10 (ANI): Pakistan has decided to formally approach the...
Is part of the world de-dollarising?
Is this current weakness just another passing episode, as has happened on other occasions since the end of Bretton Woods?...
