Why We Shouldn’t Underestimate China’s Petro-Yuan Ambitions
January 06, 2023 at 20:20 PM EST
Authored by Alex Kimani via OilPrice.com, Credit Suisse’s Zoltan Pozsar: the de-dollarization of the global oil industry is in full swing–even if we can’t see the final end game from here. Some 40% of proven oil reserves belonging to OPEC+ members is owned by Russia, Iran and Venezuela–all of whom are selling to China at major […] Source
