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Saudi Arabia Considers Accepting Yuan Instead of Dollars for Chinese Oil Sales – The Wall Street Journal.

Saudi Arabia Considers Accepting Yuan Instead of Dollars for Chinese Oil Sales https://www.wsj.com/articles/saudi-arabia-considers-accepting-yuan-instead-of-dollars-for-chinese-oil-sales-11647351541

Saudi Arabia is in active talks with Beijing to price its some of its oil sales to China in yuan, people familiar with the matter said, a move that would dent the U.S. dollar’s dominance of the global petroleum market and mark another shift by the world’s top crude exporter toward Asia.

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