China will 'compel' Saudi Arabia to trade oil in yuan - and that's going to affect the ... - 0 views
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"I believe that yuan pricing of oil is coming and as soon as the Saudis move to accept it — as the Chinese will compel them to do — then the rest of the oil market will move along with them," Carl Weinberg, chief economist and managing director at High Frequency Economics, told CNBC In recent years, several nations opposed to the dollar being the world's reserve currency have progressively sought to try and abandon it OPEC kingpin Saudi Arabia is at the crux of the petrodollar
