June 14, 2024 - Petrodollars are US dollars exchanged for crude oil exports. The deal, struck between Saudi Arabia and the United States in 1974 in the aftermath of an oil crisis, allowed the Washington a steady flow of crude and a market to buy its debt while the Kingdom would get military aid and equipment.

June 17, 2024 - There's a fake news story that Saudi Arabia had a deal with the United States to use the dollar for all oil transactions

June 17, 2024 - The petrodollar deal was originally signed on June 8, 1974, and was a key part of US global economic influence.

Saudi Arabia has announced its involvement in Project mBridge...

August 21, 2024 - The Crown Prince of Saudi Arabia has made a monumental decision not to renew the 50-year-old petrodollar agreement with the United States.

May 30, 2016 - How a legendary bond trader from Salomon Brothers brokered a do-or-die deal that reshaped U.S.-Saudi relations for generations.

June 17, 2024 - Stories about the collapse of a longstanding “petrodollar” agreement between the U.S. and Saudi Arabia spread like wildfire on social media. But the...

June 12, 2024 - The crucial decision to not renew the contract enables Saudi Arabia to sell oil and other goods in multiple currencies, including the Chinese RMB, Euros, Yen, and Yuan, instead of exclusively in US dollars. Additionally, the potential use of digital currencies like Bitcoin may also be considered

June 21, 2024 - Saudi Arabia approaches the petrodollar remains an important harbinger of the financial future to come.

Answer (1 of 6): I am sure the US saw it coming, decades ago. That is why they invented Tesla and pivoted to Electric and renewable energy. CEER Foxconn: A Saudi Electric Vehicle: Saudi ambition is to become a global player in the market Lucid An American firm is also co-owned by Saudi Royal. ...

A petrodollar agreement with the United States and Saudi Arabia has expired. As per reports, the Gulf nation has decided not to renew the deal that expired on June 9. The move can be seen as a global finance paradigm shift from the USD as a reserve currency. The termination of the deal may ...

We examine the rise of petrodollars and their influence on the USD as a global reserve currency.

Is Saudi Arabia abandoning the U.S. dollar for its oil sales? A June 13 X post that purported to show "breaking news" cl

June 13, 2024 - Saudi Arabia is rumoured to be dropping the US dollar for the Chinese yuan, but are the reports correct?

July 21, 2024 - “The Petrodollar Agreement between the United States and Saudi Arabia expired and Saudi Arabia announced on June 9 that it would not renew it. The agreement, reached in 1974, closely linked the U.S.

The 50-year-old petrodollar agreement between the U.S. and Saudi Arabia was just allowed to expire. The term "petrodollar" refers to the U.S. dollar’s role as the currency used for crude oil transactions on the world market. This arrangement has its roots in the 1970s when the United States ...

June 13, 2024 - Petro-dollar Petro-dollar Deal Refusal Renew Saudi Arabia Saudi-US Petro-Dollar Deal United States West Asia June 9, 2024, marks a historic day as the Kingdom of Saudi Ar

US imports of Saudi oil are at historic lows, Chinese purchases of Saudi oil continue to grow, and Russian-Saudi energy interests have fully converged. If it's 'all about the economy,' then Saudi-US ties may never quite recover.

August 15, 2024 - German vehicle factory for Daimler, whose largest consistent shareholder since 1974 has been Kuwait · Itaipu Dam between Brazil and Paraguay, financed by loans from petrodollar bank deposits in the 1970s · Pakistan's Faisal Mosque, constructed 1976–1986, a gift from Saudi Arabia's King Faisal

June 13, 2024 - The economic wheels of motion are turning and the U.S. is sleepwalking toward world war.