The Nixon administration established the petrodollar recycling system in 1973 as a political response to two events: the oil shock that took place when OPEC (Organisation of Petroleum-Exporting ...

Nations awash in fossil fuel revenue are using investments not only to diversify their economies but to extend their ...

These and other agreements conducted in recent months have led to speculation that, as oil markets continue to evolve, the petrodollar could be losing its influence. While a high percentage of ...

The dominance of the U.S. “petrodollar” continues to this day. Recent news coming out of Russia, however, suggests that the era of U.S. dollar dominance could be coming to an end, due to ...

How do we define “education”? Is it something that can only be provided by a structured institution or certified individual (such as a teacher, or professor)? Do our parents and friends not teach us?

It helps Wang avoid a funding crunch and underscores how buyers and sellers in the People's Republic are increasingly looking for a petrodollar safety net. The consortium revealed , opens new tab ...

“The dollar is dead!” “The Petrodollar system is breaking down!” “The Federal Reserve doesn’t know what it’s doing!” “China is playing the long game; the U.S. is only planning four years ahead.” How ...

Countries that buy crude oil and those that produce it exchange USD in a system called the petrodollar system. The USD has benefited from crude oil’s precipitous decline since the energy sector ...

At least 12 oil refineries in Russia have been successfully targeted by the Ukraine’s SBU Security Service’s long-range drones, the public broadcaster Suspilne and Reuters reported on March 17 ...

On September 1, 1715, the most powerful monarch in Europe, Louis XIV, passed away just four days shy of his 77th birthday.

Anchoring' clubs' spending would be a small but important change for the English top flight and is a tantalising glimpse at a ...

(Bloomberg Markets) -- To understand the scale of Gulf nations’ wealth, just consider this: If the United Arab Emirates sold its stash of foreign holdings, it could make every one of its roughly ...