petro-yuan

Latest news and articles about petro-yuan from NEX English

Explore why the dollar remains the main reference for oil pricing

Despite China's ongoing efforts to promote the use of the yuan in oil pricing, the US dollar continues to hold its position as the primary reference in the global market. This situation raises questions about the factors preventing the petro-yuan from achieving a similar status.

Iran conflict revives yuan's role, challenges dollar's dominance

As tensions rise in Iran, challenges to the dollar's dominance in global oil trade are increasing. A report from Deutsche Bank suggests a notable growth in the use of the Chinese yuan under current conditions.