Non-dollar oil trade: a distant dream or a feasible reality?
Oil Markets
00:00
The Future of Oil Trading in Asia
I'll be going to see big Asian oil buyers like India and China putting more pressure for trading alternative currencies in the years to come. The one big change we are seeing in the last few months is the change from the Chinese because not only they are trading with the sanctioned countries, but now, you know, between China and Saudi Arabia in renminbi. We can count on this to happen. It's a much bigger market evolving in non-dollar denominated trade, but it's a bit early to say this is the this is a round, but you know, this is a secular trend.
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