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Petro-yuan

Saudi Arabia considers selling oil in yuan – media
Top oil producer distances itself from petrodollar hegemony
Mar 15, 2022 18:40
First oil delivery to China through petro-yuan settlement set for September
In the first physical settlement of the Chinese yuan-denominated oil futures contract, five companies will deliver a total of 600,000 barrels of Middle Eastern crude grades to buyers of the September futures contract.
Aug 30, 2018 13:54
Yuan going global as China boasts largest foreign reserves & infrastructure megaprojects
China is ramping up efforts to promote yuan as a global currency. After the crackdown on outflows and devaluation in 2015, the renminbi is once again gaining momentum.
Jun 5, 2018 11:08
Petro-yuan to launch renminbi as global currency & kneecap petro-dollar
Yuan-backed oil futures can shatter the US dollar dominance on the crude market, according to experts polled by RT. However, the greenback will not give up the top spot easily.
Apr 7, 2018 06:43
As trade war heats up, China hints at early ‘Petro-Yuan’
In its efforts to make its currency more international and break the US dollar’s global dominance, China is in the early stages of preparing to paying for oil imports in yuan, sources told Reuters.
Mar 30, 2018 12:25
Why petro-yuan may become biggest game-changer of all time in capital markets
The historic launch of the long-awaited trading of Chinese crude futures this week has stirred up a heated debate among analysts as to whether the new commodity product will prosper or flop.
Mar 28, 2018 11:44

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