The Collapse of the American Empire, page-18

  1. 21,819 Posts.
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    I can't find evidence of China buying oil from Saudi Arabia buy there may be more than one way to skin acat
    when it comes to mega international trade settlements

    https://en.wikipedia.org/wiki/Petroyuan

    The Shanghai Oil Futures market conducts trillion of oil futures contracts in the Yuan

    IMO China's investment in African oil is significant and no doubt all transactions will
    be in the Petroyuan:

    From memory Sinopec owns 45% of one of Nigeria's major producers.

 
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