SG Talk

Phil Rosen 7 hours ago


The world's top oil exporter and the world's biggest oil importer could shake up the US dollar's dominance in the global petroleum market.

Saudi Arabia is in talks to sell oil to China and be paid in yuan instead of dollars, according to a Wall Street Journal report.

......

The longtime Mideast ally has grown unhappy with the US due to the Biden administration's reluctance to do more in the Yemen civil war and its push to revive the Iran nuclear deal.

In 2020, Biden also promised to make Saudi Arabia a "pariah" over the murder of a journalist. And since becoming president, he has made it clear that he doesn't consider Saudi Arabia as an ally, but rather as a partner.

What's more, Saudi Crown Prince Mohammed bin Salam reportedly rejected a request for a call with Biden to discuss Ukraine and boost oil production amid the West's sanctions against Russia.



https://markets.businessinsider.com/news...eal-2022-3

What a BIG piece of news!

This was unthinkable!

The oil-backed PETRODOLLAR was born in Saudi. The saudis have now given birth to PETROYUAN.

MBS better watch his back

Waiting for terrorist attack or color revolution in Saudi 

Very dangerous for sa to do that. Will us set fireworks in sa just like they did to other oil export ME countries?

(16-03-2022, 09:23 AM)Clyde Wrote: [ -> ]Very dangerous for sa to do that. Will us set fireworks in sa just like they did to other oil export ME countries?

Assmerica is too busy now!

No time for that! 

Oil is Saudi's, why sell in USD when RMB is more stable and stronger?

Saudi Arabia need to be liberated immediately 😊

(16-03-2022, 09:29 AM)Sentinel Wrote: [ -> ]Oil is Saudi's, why sell in USD when RMB is more stable and stronger?

Spot on!

RMB is backed by manufacturing ie real human labour. USD is backed by threats of sanctions & bombing

Soon SA will have washing powder

all these moronic comie jokers, so panic & desperate.
only to china orto the world? LOL LOL.
saudi? If their petrol $$ change to RMB, then US will pull out all their jet & base, let Iran & Iraq take over their country or asl Israel to send a troop to bomb, they will finish.
oil is not so  important resources after 2030 when global turn to mostly Electric car, also US has too much shale oil all  over. Green energy & environmental will prevail.
RMB? once kena sanction like worthless Ruble, coming, you think saudi so stupid & dont know anything?
This will make china kena sanction faster, draw into war anytime, china will kena attack soon, dont blame & complain.



沙特石油交易用人民币？

(16-03-2022, 10:21 AM)kokee Wrote: [ -> ]all these moronic 

Walaneh!

Kokee is against the idea ah?

Like that Saudi Prince MBS must be very scared lor! 

and with Russia placing 50% of her gold reserves for SA to grab
what he waiting for?

Salman dear Russian Gold!

on a personal note if u find stuffs rising and u fuming mad
there a solution change Singapore national reserves to your own
by substituting stuffs that are no good
gold of cos is no nation stuff
it can  be yuan it can b rouble or up to ur imaginations u know u say no good another says good
chinese hokien kangTau chuway2

(16-03-2022, 10:21 AM)kokee Wrote: [ -> ]all these moronic comie jokers, so panic & desperate.
only to china orto the world? LOL LOL.
saudi? If their petrol $$ change to RMB, then US will pull out all their jet & base, let Iran & Iraq take over their country or asl Israel to send a troop to bomb, they will finish.
oil is not so  important resources after 2030 when global turn to mostly Electric car, also US has too much shale oil all  over. Green energy & environmental will prevail.
RMB? once kena sanction like worthless Ruble, coming, you think saudi so stupid & dont know anything?
This will make china kena sanction faster, draw into war anytime, china will kena attack soon, dont blame & complain.



沙特石油交易用人民币？

all these moronic comie dogs canonly spam lies from communist sources to brainwash morons here.
use RMB sellto china only, how much china can buy from saudi & Russia? most of china demand already get from Russia, saudi get shit?
Now shenzhen lock down, oil demand dive straight down, oil price plunges almost 20% now, what happen when china kena snaction & all foreign company pull out from china 100% like Russia, still got oil demand? this will not be too long from now.
all these moronic comie dogs just spam nonsense & know nut, globally no one care.

always drink expensive liquor
https://youtu.be/5-EtMFqtoPY?list=RD5-EtMFqtoPY

(16-03-2022, 10:46 AM)kokee Wrote: [ -> ]all these moronic comie dogs canonly spam lies from communist sources to brainwash morons here.
use RMB sellto china only, how much china can buy from saudi & Russia? most of china demand already get from Russia, saudi get shit?

No. Both Russia and Saudi Arabia are very close in terms of the amount of oil supplied to China. They are the biggest suppliers of oil to China. Other countries that supply oil to China are UAE, Oman, Iraq, Angola, Kuwait, Brazil, Malaysia and USA.

Source: https://www.reuters.com/markets/europe/c...021-12-20/