Reports of the petrodollar system’s demise are ‘fake news’ — here’s why
Surely, financial upheaval lay ahead. Almost immediately, Google searches for the term “petrodollar” spiked to the highest ...
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Is this the beginning of petrodollar’s end?
On June 9, there was a rash of reports that Saudi Arabia would not be renewing its 50-year-old petrodollar agreement with the US. Thus ended an extended period when the US dollar pretty much had a ...
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The end of an era: Is the US petrodollar under threat?
The dominance of the U.S. “petrodollar” continues to this day. Recent news coming out of Russia, however, suggests that the era of U.S. dollar dominance could be coming to an end, due to ...