The U.S. dollar has been the dominant currency for international oil trades for decades. A spate of recent deals and bilateral agreements involving key oil sellers and buyers has created chatter that ...

Real estate investor Matt Theriault explains the real story behind Saudi Arabia and the petrodollar deal.

LEXINGTON, Ky. (WKYT) - Today’s Good Question is, what is the petrodollar, and how could it affect me? While it sounds like a currency, the term petrodollar actually refers to the system of buying ...

The Milestone June 8, 1974 agreement between the USA and Saudi Arabia was not about exclusively pricing oil in US dollars. It was about enabling Saudi Arabia to use its windfall of oil money into the ...

A nation needs a foreign policy for four reasons. The first is security. The second is that every other nation already has a foreign policy: If you do not assert yours, someone else’s will press upon ...

The increasingly frequent Saudi comments about trading in nondollar currencies open the door for oil trade in Yuan, Euro or Yen. It is especially foolhardy to ignore the status of the petrodollar ...

While most investors were trying to gauge the Federal Reserve’s next moves in light of recent bank failures last week, something interesting happened in Moscow. During a three-day state visit, Chinese ...

While most investors were trying to gauge the Federal Reserve’s next moves in light of recent bank failures last week, something interesting happened in Moscow. During a three-day state visit, Chinese ...

There were likely many motives behind America’s capture and arrest of Venezuelan President Nicolas Maduro earlier this week, but one little-discussed factor could be the White House’s concerns about ...

The U.S. dollar, which has been the currency of choice in oil trade since the 1970s, is still the dominant currency in the market. While the Chinese currency has made inroads in global trade, the yuan ...