Financial News

Why We Shouldn’t Underestimate China’s Petro-Yuan Ambitions

Authored by Alex Kimani via OilPrice.com, Credit Suisse’s Zoltan Pozsar: the de-dollarization of the global oil industry is in full swing–even if we can’t see the final end game from here. Some 40% of proven oil reserves belonging to OPEC+ members is owned by Russia, Iran and Venezuela–all of whom are selling to China at major […] Source
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