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.

May 30, 2022 - Since the 1970s, the US dollar has been the undisputed reserve currency around the globe. Agreements with Saudi Arabia

July 9, 2024 - Though the Dollar-Wall Street regime remains significantly powerful, de-dollarisation and possibilities of a shifting global order are being driven by US economic weakness, the aggressive use of illegal sanctions by the US and its Global North allies, and the growing political and economic ...

SIGforum.com Main Page The Lounge Saudi Arabia does not renew the petro dollar agreement with the United States after the 50 year agreement just expired.

10K Followers, 936 Following, 1,789 Posts - See Instagram photos and videos from Clat Prep Education (@clatprepeducation)

While oils collapse has deepened concern that Saudi Arabia will need to liquidate its Treasuries to raise cash, a more troubling worry has also emerged.

April 18, 2023 - What would happen if Saudi Arabia joined Russia in abandoning dollars in oil pricing? It’s time to ask.

Enjoy the videos and music you love, upload original content, and share it all with friends, family, and the world on YouTube.

Twitter

June 17, 2024 - AS A short opinion piece on the Nasdaq website noted, the 50-year-old petrodollar agreement between the United States and Saudi Arabia expired on Jun 9 without lament. For reasons best known to themselves, US mainstream news media have chosen to remain silent about the event.

February 23, 2012 - There are circumstances surrounding the demise of this failed "dollars for gold" arrangement, with a particular emphasis on how its demise will deal a major blow to global dollar demand.

June 15, 2024 - The Petrodollar agreement between the United States and Saudi Arabia has officially expired, marking a significant shift in global economics. Andrei Jikh explains the profound implications of this change, which occurred on June 9, 2024. This system, in place for 75 years, established the US ...

June 13, 2024 - The petrodollar system originated during the Yom Kippur war in 1973 when the US, facing economic challenges and an oil embargo, struck a deal with Saudi Arabia. One of the main things that gives the United States global dominance is the fact that the US dollar is the world’s reserve currency.

February 27, 2023 - One of the most illusory phenomena in our current existence is the money we use for buying, selling and hoarding on a daily basis. It is, to put it simply,...

June 10, 2024 - There has been a lot of speculation this year that the 50-year-old agreement between Saudi Arabia and the United States to exclusively use the US dollar in oil trades would be ending. As of June 6…

January 20, 2023 - By Adil Rasheed* Summary With the US and Europe becoming less dependent on West Asian oil imports and China and India becoming the main markets for GCC hydrocarbons exports, the petrodollar system that came into existence in the 1970s has come under stress, with oil being traded increasingly ...

June 19, 2024 - The kingdom is finalising a defence treaty with the US, which is part of a broader package, reports say

Discover the latest crypto news and trends on Binance Square (formerly Binance Feed). Read opinions posted by top influencers and news media in cryptocurrency.

May 8, 2023 - The Rise of BRICS May Mean the End of the Petrodollar

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.