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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 413.19+1.1%4:00 PM EST
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From: Julius Wong3/15/2022 11:56:26 AM
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Saudi to consider accepting Yuan for oil sales as pivot towards China continues

Mar. 15, 2022 10:45 AM ET LMT, RTX, XLE, USO, ARMCO By: Nathan Allen, SA News Editor 93 Comments



Oleksii Liskonih/iStock via Getty Images

It was reported Tuesday that Saudi Arabia is considering accepting Yuan in place of USD for Chinese oil sales. The news comes one day after it was reported that Foxconn is in talks to build a $9b factory in Saudi Arabia. And just as Aramco ( ARMCO) puts the finishing touches on a deal to construct a $10b refinery and chemicals complex in North East China.
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