Will America Replace Petro-Dollar Policy?
- Published in Al-Rayah
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The decrease in demand for #oil followed by the increase of Saudi's and Russian's oil production and the price war between them collapsed the price of a barrel of oil on the West Texas market to fall less than a dollar. This means that oil producers were forced to pay $37 per barrel for buyers who are able to remarket or transfer oil from oil reservoirs in America.
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