The US-Saudi Petrodollar deal established on June 8, 1974 was an agreement through which Saudi Arabia agreed to trade crude oil in US dollars in exchange...
The term ‘petrodollar’ denotes the use of the US dollar as the currency for global crude oil transactions. The petrodollar deal, signed between Saudi Arabia and...
Stubborn inflation keeps US rate hike on agenda * US manufacturers report surge in input costs * Hopes of improving US fuel demand support oil market...