Moneycontrol
Get App
Last Updated : Apr 08, 2019 03:20 PM IST | Source: Reuters

Saudi Arabia says no change to policy of trading oil in dollars

'Absolutely not. There is no change whatsoever to our long-standing policy,' Falih said when asked to comment on the possibility that Saudi Arabia could ditch the dollar.

Saudi Energy Minister Khalid al-Falih said on Monday there was no change to the kingdom's long-standing policy of trading oil in US dollars.

"Absolutely not. There is no change whatsoever to our long-standing policy," Falih said when asked to comment on the possibility that Saudi Arabia could ditch the dollar.

Saudi Arabia is threatening to sell its oil in currencies other than the dollar if Washington passes a bill exposing OPEC members to US antitrust lawsuits, three sources familiar with Saudi energy policy told Reuters last week.

Subscribe to Moneycontrol Pro and gain access to curated markets data, trading recommendations, equity analysis, investment ideas, insights from market gurus and much more. Get Moneycontrol PRO for 1 year at price of 3 months at 289. Use code FREEDOM.
First Published on Apr 8, 2019 03:10 pm
Loading...
Sections
Follow us on
Available On
PCI DSS Compliant