Sentences with phrase «denominated oil trade»
The ramifications of the dollar - denominated oil trade are immense: Because oil is priced in dollars, there is huge demand for dollars, lending the U.S. economic and strategic power.
http://www.businessinsider.com/ Not exact matches
On the political front, «Denominating oil contracts in yuan would promote the use of China's currency in global trade, one of the country's key long - term goals as an alternative to the dollar — making this even more appealing to sanctions - threatened countries relying on the dollar,» Ramady wrote in The National.
The new International Energy Exchange (INE) in the Shanghai Free Trade Zone has admitted more than 150 Chinese futures companies and is registering foreign firms to trade an oil - futures contract denominated in renminbi, according to a client bulletin from Linklaters in Hong Trade Zone has admitted more than 150 Chinese futures companies and is registering foreign firms to trade an oil - futures contract denominated in renminbi, according to a client bulletin from Linklaters in Hong trade an oil - futures contract denominated in renminbi, according to a client bulletin from Linklaters in Hong Kong.
It does not matter what currency crude oil trading, or any other trading, is denominated in; it does matter in what currency the proceeds from the sale of crude oil is invested in.
Fladgate has advised Sea Oil Tankers Limited (an Isle of Man incorporated company) on its issue of up to $ 200m of corporate bonds (which may be denominated in euros, US dollars or sterling) and admission to trading of those bonds on the Gibraltar Stock Exchange (GSX).