USGI
Is This the End of the Petrodollar? - USGI
January 12, 2024 - While most investors were fixated on Jerome Powell & Co. this week, trying to gauge the Federal Reserve’s next moves in light of recent bank failures, something interesting occurred in Moscow.
Project Syndicate
The Decline and Fall of the Petrodollar? | by Carla Norrlöf - Project Syndicate
Carla Norrlöf considers whether Saudi Arabia would ever move away from invoicing its oil trade in US dollars.
Reuters
Exclusive: Saudi Arabia threatens to ditch dollar oil trades to stop 'NOPEC' - sources | Reuters
April 5, 2019 - Saudi Arabia is threatening to sell its oil in currencies other than the dollar if Washington passes a bill exposing OPEC members to U.S. antitrust lawsuits, three sources familiar with Saudi energy policy said.
Business Insider
The U.S. Is Facing A Major Challenge As Petrodollar Loses Force | Markets Insider
February 2, 2023 - On January 17, the Saudi minister of finance, Mohammed Al-Jadaan, announced that the Saudi state is open to selling oil in currencies other...
TimelineDaily
All You Need To Know About Saudi's 'Departure' From Petro-Dollar Deal And Its Implications For US | TimelineDaily
June 13, 2024 - Dollar Dollar Dominance Petro-dollar Petro-dollar Deal Saudi Arabia Saudi-US Petro-Dollar Deal Timeline Daily United States US Dollar Business Saudi Arabia's several move
TheDailyGuardian
What Was the Petrodollar Deal Between US and Saudi Arabia That Lasted 50 Years? How Will It Impact the World? – Explained - TheDailyGuardian
The recent expiration of the US-Saudi Arabia petrodollar deal, which had been in effect since June 8, 1974, marks a significant shift in global financial dynamics and geopolitical strategies. Here’s a closer look at what the petrodollar system entailed, what its end means, and what the ...
Business Insider
Dollar Dominance at Risk If Saudi Ends Exclusive Deal to Use Greenback in Oil Trade - Markets Insider
June 21, 2024 - The Atlantic Council is speculated what could happen to the dollar if a long-standing accord with Saudi Arabia dissolves.
Greatpowerrelations
Birth of petrodollar - Great power relations
December 8, 2020 - Home / Great powers / Status of ... and de-dollarization / Birth of petrodollar · Attention soon focused on the oil-exporting countries. After the US quadrupled its grain export prices shortly after the 1971 gold suspension, the oil-exporting countries quadrupled their oil prices. US diplomats had let Saudi Arabia and other ...
Cointribune
From petrodollar to petrobitcoin - Cointribune
June 12, 2024 - Saudi Arabia has reportedly decided "not to renew its 50-year agreement on the petrodollar." Could the petrobitcoin be next?
Stlouisfed
Full text of International Petrodollar Crisis : Hearings Before the Subcommittee on International Finance of the Committee on Banking and Currency, House of Representatives, Ninety-Third Congress, Second Session, July 9 and August 13, 1974 | Title | FRASER | St. Louis Fed
L i m i t e d G-roupe R e n a u ... M a r c h 13, 1974 The Petrodollar Flow Kuwait and Abu Dhabi, appear to recognize this. j professor at Georgetown Uni-j versity in Washington, notes j Professor Oweiss- noted that that the Arabs have already; Saudi Arabia has proposed to ...
Times Now
Saudi Arabia Ends 80-Year Petrodollar Deal, Boosting Other Currencies And Potential Bitcoin Use | Times Now
June 14, 2024 - The agreement created joint commissions for economic cooperation and supported Saudi Arabia's military needs., Economy News - Times Now
Watcher Guru
Saudi Arabia Ditches US Dollar, Will Settle Oil Payments in Yuan, Euro
June 13, 2024 - Saudi Arabia has not renewed its petrodollar agreement and has decided to ditch the US dollar to trade oil in multiple currencies.
Firstpost
What was the US-Saudi petrodollar deal that lapsed after 80 years? – Firstpost
June 13, 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.
The Times of India
Saudi's MBS Shocks America; Dollar Dominance Could End As Riyadh Chooses Not To Renew U.S. Oil Deal
Saudi Arabia has reportedly decided not to renew its 80-year petro-dollar deal with the U.S., marking a significant shift with potential implications for the oil market. The deal, which expired on June 9, had long been a cornerstone of U.S. global economic dominance. Watch details
State
Milestones in the History of U.S. Foreign Relations - Office of the Historian
Though a finalized peace deal failed ... in March 1974. The embargo laid bare one of the foremost challenges confronting U.S. policy in the Middle East, that of balancing the contradictory demands of unflinching support for Israel and the preservation of close ties to the Arab oil-producing monarchies. The strains on U.S. bilateral relations with Saudi Arabia revealed the ...
Straight Arrow News
Media Miss by the Left: Saudi Arabia ends 80-year petrodollar deal with US for multi-currency sales
June 14, 2024 - Saudi Arabia's 50-year petrodollar agreement with the US expired, giving Saudi Arabia the freedom to sell oil currencies besides the dollar.
The Independent
The untold story behind Saudi Arabia’s 41-year secret debt | The Independent | The Independent
June 1, 2016 - How a legendary bond trader from Salomon Brothers brokered a do-or-die deal that reshaped US-Saudi relations for generations.
Wikipedia
Saudi Arabia–United States relations - Wikipedia
1 month ago - As a result, on February 4, 1940, ... in Saudi Arabia in order to have closer relations with the Saudis and to offer protection. Bert Fish, former ambassador in Egypt, was elected as the U.S. ambassador in Jeddah. The United States dollar is the de facto world currency. The petrodollar system originated ...
Futuribles
From Petrodollars to Petroyuans - Futuribles
At the Davos forum in January 2023, Mohammed Al-Jadaan, Saudi Arabia’s finance minister, made a high-profile statement about opening up the sale of Saudi oil in currencies other than the US dollar. This announcement breaks a pact with the country’s historic ally, the US: since 1974, in ...
Carson Group
No! Saudi Arabia is Not Ending Any “Petrodollar Pact” - Carson Group
June 18, 2024 - Fake news alert: Saudi Arabia is not going to stop selling oil in US dollars (USD), and they’re not ending any petrodollar pact. In fact, there is no petrodollar pact, secret or otherwise. So, there’s nothing to renew (or not renew). Nor is there any “paradigm shift” shift in global finance.