Dollar Reliance Shrinks — China’s LNG Deal With Qatar Challenges ‘Frenemy’ Status With US
This week, China and Qatar strengthened their bond by means of a major growth on Tuesday. China National Petroleum Corporation (CNPC) and Qatarenergy inked a...
Brazil’s President Lula Urges Developing Countries to Abandon Dollar as Global Reserve Currency
According to Brazil’s president Luiz Inácio Lula da Silva, growing nations ought to abandon the U.S. greenback and strengthen their very own nationwide currencies. During...
Saudi Arabia Strengthens Bond With China by Joining SCO Bloc as Dialogue Partner
China’s relationship with Saudi Arabia is rising because the nation’s Cabinet has agreed to affix the Shanghai Cooperation Organization (SCO). The diplomatic transfer made by...
Saudi Arabia and OPEC Reveal Surprise Oil Production Cut; White House Insists Cuts Aren’t Advisable Right Now
On Sunday, Saudi Arabia and a number of other main oil producers introduced their plan to chop oil manufacturing by 1.15 million barrels per day,...
China Makes Advances in Ditching the US Dollar for Settlements — Inks Deal With Brazil and Completes First Yuan LNG Purchase
China has been advancing its objective of positioning the yuan as an alternative choice to the U.S. greenback for settling worldwide funds. The Chinese authorities...