Saudi Arabia Threatens to Ditch Dollar Oil Trades
MIGnews.com
Saudi Arabia is threatening to sell its oil in currencies other than the dollar if Washington passes a bill exposing OPEC members to U.S. antitrust lawsuits, three sources familiar with Saudi energy policy said.
They said the option had been discussed internally by senior Saudi energy officials in recent months. Two of the sources said the plan had been discussed with OPEC members and one source briefed on Saudi oil policy said Riyadh had also communicated the threat to senior U.S. energy officials, Reuters reports.
The chances of the U.S. bill known as NOPEC coming into force are slim and Saudi Arabia would be unlikely to follow through, but the fact Riyadh is considering such a drastic step is a sign of the kingdom’s annoyance about potential U.S. legal challenges to OPEC.
Other materials on this subject
- Turkey is sending Cold War-era cluster bombs to Ukraine – FP The weapons are designed to destroy tanks by bursting into smaller submunitions, which can linger on the battlefield for years if they do not immediately explode. Each round scatters about 88 bomblets.
- Los Angeles mayor and city council president address US president on Lachin corridor issue Thank you, Mayor Bass, for joining me in communicating to President Biden the urgent need for U.S. leadership to lift the blockade and bring humanitarian relief to the people of Artsakh.
- US Committed to Helping Armenia and Azerbaijan Resolve Issues Peacefully: Blinken Spoke With Pashinyan The Secretary reiterated our commitment to helping Armenia and Azerbaijan resolve issues peacefully.
- Iran to Submit Final Conclusion Over Nuclear Deal Revival by Midnight In comments on Monday, Amirabdollahian said Iran is going to send its final conclusion about the JCPOA talks to the European coordinator in written form at midnight.
- Erdogan, Biden Might Meet in September- Media Turkey plans to buy 40 F-16 fighter jets from the US and upgrade another eighty. US President Joe Biden stated that he expects to receive the approval of the [US] Congress to sell F-16 fighter jets to...
Read also
-
Phone conversation of the Foreign Minister of Armenia with the U.S. Assistant Secretary of State for European and Eurasian...
-
France, US urge 'immediate' end to Nagorno Karabakh blockade
-
The United States withdrew from sanctions against Syria for six months the provision of assistance after the earthquake
-
Armenia to sign new agreement with US in nuclear energy use
-
White House denies US Navy's involvement in blowing up Nord Stream 2
-
Armenia's Makunts meets with new U.S. senior advisor for Caucasus negotiations
-
Moscow, Tehran Advance Plans for Iranian-Designed Drone Facility in Russia. WSJ
-
US Department of State confirms decision to postpone Blinken’s visit to China
-
17:08The regular session of the Anti-corruption Policy Council takes place in Jermuk
-
15:05The Prime Minister sends congratulatory messages to the supreme leader of Iran and the President of Iran
-
11:11Armenia sends earthquake aid to Turkey
-
10:43Commemoration of the Pontiff St. Sahak Partev
-
09:16Some roads are closed and difficult to pass in Armenia
-
19:55Phone conversation of the Foreign Minister of Armenia with the U.S. Assistant Secretary of State for European and Eurasian Affairs
-
18:30Prime Minister Pashinyan and President Khachaturyan meet
-
18:20Ararat Mirzoyan with Co-Chairman of the OSCE Minsk Group of France Brice Roquefeuil
-
17:01Humans could land on Mars within 10 years, Musk predicts
-
16:45France, US urge 'immediate' end to Nagorno Karabakh blockade
-
16:01Blockaded Nagorno Karabakh launches fundraiser to support quake-hit Syria
-
15:59Earthquake death toll in Turkey rises to 18,342
-
15:43Ararat Mirzoyan Held a Telephone Conversation with Sergey Lavrov
-
15:06French president rules out fighter jet supplies to Ukraine in near future
-
14:475 Day Weather Forecast in Armenia
-
14:44President Vahagn Khachaturyan wrote a note in the book of condolences opened in the Embassy of Syria in Armenia
-
14:20Azerbaijan’s provocations impede establishment of peace and stability – Armenian FM tells Russian Co-Chair of OSCE MG
-
12:57France representation to OSCE: Paris calls on Azerbaijan to restore freedom of movement through Lachin corridor
-
11:40Command of Kosovo forces highly appreciated preparation of Armenian peacekeepers
-
10:16The United States withdrew from sanctions against Syria for six months the provision of assistance after the earthquake
Most read
day
week
month
Weather
Yerevan
Humidity: %
Wind: km/h
0 C°
0° 0°
23.12.2024
0° 0°
24.12.2024
Poll