On January 17, the Saudi minister of finance, Mohammed Al-Jadaan, announced that the Saudi state is open to selling oil in currencies other than the dollar. "There are no issues with discussing how we settle our trade arrangements, whether it is in
Some oil and natural gas well sites are good locations for economically extracting lithium from produced water, according to observers of the nascent sub-sector of the oil and gas industry.
It is easy for anyone to say that they are against fossil fuels. Opposition to coal, oil and natural gas is fashionable and will prompt heads to nod and even hands to applaud in most places.
Bet you didn't know you can produce clothing from coal.
He might actually be right, but the world is still expected to be using a lot of oil even by the middle of the century.
Interviewed Tuesday at Bloomberg, Saudi Arabia Finance Minister Mohammed Al-Jadaan indicated that Saudi Arabia would be open to conducting trade, including involving oil, in various currencies -- mentioning in particular the euro and the Saudi riyal
During a visit to Saudi Arabia last month, Xi Jinping pledged to ramp up efforts to promote the use of the yuan in energy deals.
Are We at Risk of Running out of Diesel Fuel?
...in global oil trade … the dominoes begin to fall on the US empire
"...dusk for the petrodollar... and dawn for the petroyuan."
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