Posted inChina, Hong Kong, Iran, Iraq, Middle East, Russia, Shanghai, World

China may now have leverage to push Saudis to accept RMB for oil

Now that King Salmon has gone to Moscow and bought the Russian’s S-400 air defense system, all sorts of things become possible. China is the marginal buyer of oil in the world, and there has been a big shift in its imports toward Russia and away from Saudi Arabia. The Iranian sphere (Iran+Iraq+Oman) remain roughly […]

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