Articles for tag: energy dynamics, oil trade, Western economies

Rajiv Sharma

BRICS decision could harm the US, benefit China; what is the petrodollar?

BRICS decision could harm the US, benefit China; what is the petrodollar?

Recently, Saudi Arabia announced its readiness to engage in discussions regarding new ideas, particularly in the context of the oil trade. This declaration carries significant implications, not only for the global oil market but also for Western economies heavily reliant on oil imports. Such a shift could indicate a broader strategy by Saudi Arabia to ...