Saudi Arabia has announced its decision not to renew its 50-year petro-dollar agreement with the United States, which had mandated oil sales exclusively in US dollars. This agreement expired on June 9, 2024. 

UK Petrol Car Ban Threatens Nigeria’s Oil Sales       Except the country finds new buyers, the plan to ban petrol and diesel vehicle sales by the United Kingdom government will threaten Nigeria market share of crude oil. UK imports Nigeria’s crude oil, which is a major revenue...