I mean if they’re moving further away from OPEC and OPEC+, which put together contain Iran, Russia, etc… I don’t think that’s a move against the petrodollar at all.
Chances are they’re going to drill more now and they’ll be selling for the good ol’ USD.
Bye bye petrodollar.
I mean if they’re moving further away from OPEC and OPEC+, which put together contain Iran, Russia, etc… I don’t think that’s a move against the petrodollar at all.
Chances are they’re going to drill more now and they’ll be selling for the good ol’ USD.
Don’t think so. https://www.ibtimes.co.uk/uae-considers-pivot-us-dollar-1792557