An Important Message For Oilprice Members

Tom Kirkman

The Inexorable, Incremental Tsunami of the PetroYuan

Tom Kirkman in Markets & Trading

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Tom Kirkman    + 8,860

Tom Kirkman

Just a reminder, so y'all don't forget about the incremental, inexorable, slow-moving tsunami of the PetroYuan.  

Ignore the rise of the PetroYuan at your own peril.
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Russia-China trade gets another significant boost

"... China is Russia’s largest trading partner. The countries have been planning to reach the $100 billion volume this year.

The countries have been seeking to use domestic currencies in settlements between each other.

In 2017, nine percent of payments for supplies from Russia to China were made in rubles; Russian companies paid 15 percent of Chinese imports in renminbi.

Just three years ago, the numbers were two and nine percent, respectively."

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