HomeBusiness"Absolutely not," says Saudi on changes in oil trading policy in dollars.

“Absolutely not,” says Saudi on changes in oil trading policy in dollars.

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Saudi Arabia’s Energy Minister Khalid al-Falih said that “there is no change in the Kingdom’s long-standing policy.”

Speaking with the media on Monday, Khalid al-Falih said that “No, Absolutely not. there is no change to our long-standing policy on trading Oil in US dollars.”

It is important to understand that the statement from the Saudi’s Energy had come at a time when the Reuters last week reported that “Saudi Arabia is threatening to sell its oil in currencies rather than selling in dollars if Washington passes a bill exposing OPEC members to US antitrust lawsuits.”

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Krishna Mali
Krishna Mali
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