Future Petro-Yuan? Bringing this up to date, it was a long time ago when the link between oil and the dollar mattered much at all beyond the financial returns of non-dollar based oil companies.

So whether it will be Petro-yuan or Petro-BRICS remains to be seen. However, one thing is for sure, the Dollar+X currency reserve system is fast becoming a reality.

I assume that a petro-yuan is some kind of danger to the dollar by the author, and this represents a partial solution. 4.) When has the EIA ever been right?

Beijing has been quite discreet on the triple win; the petro-yuan was not even mentioned in National Development and Reform Commission documents following the 19th CCP Congress last October.

While China’s petro-yuan was most certainly a game changer, Beijing still has a long way to go before dethroning the U.S. petrodollar ...

The year we just exited should be considered the year in which the petro-yuan really took hold, as China forges a path of increasingly oil and gas purchases from places that are petro-yuan friendly.

The yuan is getting a boost from reports that Saudi Arabia is in talks with Beijing to price some oil sales in the Chinese currency, a development that analysts believe may be some way off.

But going beyond it, the assertion in some quarters that a rising 'petro-yuan' could break the stranglehold of the petrodollar is wide off the mark, and by several trillion dollars as it is.

Most of the world’s commodity trading is denominated in U.S. dollars, but the Chinese yuan, also known as renminbi, threatens to make some inroads.

China’s decision to push forward with the Petro-yuan appears to be a challenge to the US’ global energy market hegemony, but it remains to be seen if it can make a significant impact After ...

By banning Bitcoin and pursuing instead this backwards 'petro-yuan' regime, China has cut off its nose to spite its face.

Capital markets and asset classes including currency and commodities may face upheaval if China gets its petro-yuan ambitions off the ground.