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Saudi Arabia Ends Sales Of Oil In U.S Dollars, Cancels 50 Year Agreement (Photo) - Foreign Affairs (6) - Nairaland

Nairaland Forum / Nairaland / General / Politics / Foreign Affairs / Saudi Arabia Ends Sales Of Oil In U.S Dollars, Cancels 50 Year Agreement (Photo) (46617 Views)

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Re: Saudi Arabia Ends Sales Of Oil In U.S Dollars, Cancels 50 Year Agreement (Photo) by QuinQ: 3:25am On Jun 15
ShinnBet:


You don't get it do you?

Saudis supply 11-12 million barrels of crude to the international market every single day. The demand and order for Saudi crude is done on a 30 day supply inventory . So if you wanted 100k barrels of crude for 30 days you have to source for dollars . This alone makes the dollar in strong demand as crude is an essential resource commodity in today's world.

The Russians supply same volume and it was once priced in same dollars until the stupidity of so-called sanctions on Russians effectively drove Putin to bypass the dollar all together. Now take out Saudi pricing in USD and the demand for dollars crashes. Country A that once bought crude from Saudi and Russia in USD had to keep their reserves in western banks in said USD. That reserve not only creates pressure on demand for USD but also adds liquidity to western financial gambling dens aka stock markets and treasury bills and bonds.

Take away the dominance of US as the Petrodollar and no one will have any need to convert their currencies to USD.

Ok, sooo what's keeping the British pound and Euro high and in demand??
Can't you see that US influence is too multi-faceted and diverse to be destroyed by Saudi A.
Re: Saudi Arabia Ends Sales Of Oil In U.S Dollars, Cancels 50 Year Agreement (Photo) by jayce232: 3:27am On Jun 15
This Op hatred for US is scary
Anything to put USA down gives him orgasm, even when it is unreasonable. How does this change anything?

1 Like

Re: Saudi Arabia Ends Sales Of Oil In U.S Dollars, Cancels 50 Year Agreement (Photo) by jayce232: 3:33am On Jun 15
ShinnBet:

A lot will be learnt from America's great rise and it's even faster plunge to obscurity.
Na today
Since when have we been hearing this?
Hoping for America to plunge into obscurity is nothing but a wishful thinking

1 Like

Re: Saudi Arabia Ends Sales Of Oil In U.S Dollars, Cancels 50 Year Agreement (Photo) by jayce232: 3:40am On Jun 15
Princedapace:


One thing u should know is this: No one rules for ever, a time will come when changes will set in. Don't ever think the world will be like this forever, the world is actually shifting, so many shifts taking place from AI to digital currency. Lol, the US dollars wont last too long anymore. The fall has started. Something was there before the US dollars but it fell.
Even in the world shift, US is still leading
I don't see any country fit to replace their position in the world anytime soon.
Re: Saudi Arabia Ends Sales Of Oil In U.S Dollars, Cancels 50 Year Agreement (Photo) by Augustine2244(m): 3:43am On Jun 15
Good one! The US can never dominate the world as long as Russia and China still exist as nations.
A multipolar world order is what the world needs.

2 Likes 2 Shares

Re: Saudi Arabia Ends Sales Of Oil In U.S Dollars, Cancels 50 Year Agreement (Photo) by Ikpunekenwa(m): 3:56am On Jun 15
ShinnBet:


Gbtyo made a thread about this on June 9th and it never made FP.

In that thread I was castigated by the now slavish western slaves.

There won't be a global recession . It's only those nations still stupid to hold their reserves in USD that are about to get the short end.

With 34 Trillion in debt and several trillions in USD floating around, all that now worthless fiat currency is heading back to the US.

Weimar levels of hyperinflation are set to hit the US.

The scariest bit here is what the US and London in particular will do on the global stage now that their middleman position has been dislodged.

I foresee the US and British navy returning to their inglorious roots as privateers sailing the high seas to disrupt economic trade . Coups in the global south ochestrated by Washington and London to keep third world within their sphere.

A multipolar world is about to emerge and with it, global proxy wars and another scramble for Africa.

The judeo-Anglo-Masonic order will not go down without taking the rest of the world with it.

I foresee a tactical nuke attack on the US eastern seaboard which will be blamed on the Russian fleet in the Caribbean. This will be a false flag by the deep state which they will use to justify an all out nuclear strike on Russia and China.

Predictions say the above could happen by 18th of June - next week Tuesday.

Biden cut his G7 trip back to Washington after all efforts to get the Saudis to reconsider ditching the dollar failed. Insider sources in the WH say articles of war declaration against Russia have been drafted for Dementia Joe to sign and that it will be sent to the US Congress today or by Monday.

Shit is literally about to hit the fan.



Is it that dumb muslim phaggot that spreads fake news, you muslims should keep deceiving yourselves, my problem is when your lies arel burst, no one sees any of you around.

1 Like

Re: Saudi Arabia Ends Sales Of Oil In U.S Dollars, Cancels 50 Year Agreement (Photo) by Khyrvxjzy: 3:57am On Jun 15
ShinnBet:


Gbtyo made a thread about this on June 9th and it never made FP.

In that thread I was castigated by the now slavish western slaves.

There won't be a global recession . It's only those nations still stupid to hold their reserves in USD that are about to get the short end.

With 34 Trillion in debt and several trillions in USD floating around, all that now worthless fiat currency is heading back to the US.

Weimar levels of hyperinflation are set to hit the US.

The scariest bit here is what the US and London in particular will do on the global stage now that their middleman position has been dislodged.

I foresee the US and British navy returning to their inglorious roots as privateers sailing the high seas to disrupt economic trade . Coups in the global south ochestrated by Washington and London to keep third world within their sphere.

A multipolar world is about to emerge and with it, global proxy wars and another scramble for Africa.

The judeo-Anglo-Masonic order will not go down without taking the rest of the world with it.

I foresee a tactical nuke attack on the US eastern seaboard which will be blamed on the Russian fleet in the Caribbean. This will be a false flag by the deep state which they will use to justify an all out nuclear strike on Russia and China.

Predictions say the above could happen by 18th of June - next week Tuesday.

Biden cut his G7 trip back to Washington after all efforts to get the Saudis to reconsider ditching the dollar failed. Insider sources in the WH say articles of war declaration against Russia have been drafted for Dementia Joe to sign and that it will be sent to the US Congress today or by Monday.

Shit is literally about to hit the fan.


rubbish, you no get sense

1 Like

Re: Saudi Arabia Ends Sales Of Oil In U.S Dollars, Cancels 50 Year Agreement (Photo) by galantjoe(m): 4:14am On Jun 15
Another good news for Nigeria
Re: Saudi Arabia Ends Sales Of Oil In U.S Dollars, Cancels 50 Year Agreement (Photo) by Emir01: 4:21am On Jun 15
Fake story
Re: Saudi Arabia Ends Sales Of Oil In U.S Dollars, Cancels 50 Year Agreement (Photo) by Br4life: 4:26am On Jun 15
mpires:


See the ranting of a typical NL lunatic. Do you even have electricity to still be online by this time? grin
Boko haram is killing your sorry asses in the farms
DSS kill you when you protest
Ordinary election you can't organize
You probably have a higher chance of getting kidnapped and murdered tonite after the kidnappers ask your family for N2,500 which they wouldn't be able to raise for your release. But please engage me in banter grin
I'll say it again NL is definitely the house of all the iidiots in Nigeria and you're one of their captains. A waste of oxygen.

You should stick with what you know best, sports betting and eating snakes and since football season is over now, your life is meaningless.

Just days ago, you registered this alternate account and you've already spent over 15hrs online with 97 posts!!! How useless must your life be? It obvious you don't have one. I'm hoping for the day, Seun would get the balls and sell this trash and put your miserable clowns out of your misery.

My $ would be worth less than paper? grin grin grin
Werey, just my $1 = N1600 of your useless money grin grin grin
You see how re.tarded you are? My condolences to who ever paid for your education, it was a total waste.
But look on the bright side, there's a bullet with your name on it if you can make it to Russia to fight against Ukraine. I promise I'll fly you 1st class once you get a visa. It's all on me.

Your mother should have just swallowed you that unfortunate night or your absentee father should just have jerked off into a tissue, Nigeria would have one less iidiot by now.

Please have mercy on him , 😂😂😂😂😂, his a Yoruba Muslim man that's how they reason,their brain is always at their tummy

2 Likes 1 Share

Re: Saudi Arabia Ends Sales Of Oil In U.S Dollars, Cancels 50 Year Agreement (Photo) by Br4life: 4:27am On Jun 15
jayce232:
This Op hatred for US is scary
Anything to put USA down gives him orgasm, even when it is unreasonable. How does this change anything?
someone that have not left osun state before
Re: Saudi Arabia Ends Sales Of Oil In U.S Dollars, Cancels 50 Year Agreement (Photo) by SSpeter(m): 4:40am On Jun 15
helinues:


Bro, global recession is coming, smart countries are already preparing ahead.

US election is just what is delaying the announcement. Anytime from next year, it should be declared
What nonsense are you talking about, there were periods oil was king, not any more, people should get into their thick skulls. No Oil company makes the top 10 US companies by valuation. Exxon and Chevron are the only oil companies in the top 100. This will break you guys heart... "The US Dollar will be king forever"... know this and know peace
Re: Saudi Arabia Ends Sales Of Oil In U.S Dollars, Cancels 50 Year Agreement (Photo) by Chetas81(m): 4:47am On Jun 15
Martinsmine:
Change is constatnt... dis news no go make dollars come down in naira
god is already answered your prayer, you the black African FOOOOOOOOOOLISH CITIZEN
Re: Saudi Arabia Ends Sales Of Oil In U.S Dollars, Cancels 50 Year Agreement (Photo) by Chetas81(m): 4:49am On Jun 15
BRICK CURRENCY VS US DOLLAR war is here, but African country have nothing to lose
Re: Saudi Arabia Ends Sales Of Oil In U.S Dollars, Cancels 50 Year Agreement (Photo) by Chetas81(m): 4:54am On Jun 15
jayce232:
This Op hatred for US is scary
Anything to put USA down gives him orgasm, even when it is unreasonable. How does this change anything?
YOU THE NIGERIAN CITIZENS LOOK AT YOUR OPINION, YOU CANNOT ASHAMED OF YOURSELF, MUST YOU REMAIN SLAVE TO THE WEST, SAUDI RUSSIA AND CHINA WANT TO CHANGE THE WORLD BY BUILD UP THE BRIC CURRENCY, AFRICAN CITIZEN DON'T KNOW HOW TO DEVELOP THEIR COUNTRY, CRAZY CONTINENT LIKE AFRICA HAVE NOTHING TO LOOSE

4 Likes 2 Shares

Re: Saudi Arabia Ends Sales Of Oil In U.S Dollars, Cancels 50 Year Agreement (Photo) by Nasiruddeen(m): 4:56am On Jun 15
DON'T ARGUE WITH DONKEYS

"The donkey said to the tiger:
"The grass is blue."

The tiger replied:
"No, the grass is green."

The discussion heated up, and the two decided to go to the lion, the king of the jungle.

Already before reaching the forest, where the lion was sitting on his throne, the donkey began to shout:
"His Highness, is it true that the grass is blue?"

The lion replied:
"True, the grass is blue."

The donkey hurried and continued:
"The tiger disagrees with me and contradicts and annoys me, please punish him."

The king then declared:
"The tiger will be punished with 5 years of silence."

The donkey jumped cheerfully and went on his way, content and repeating:
"The grass is blue!"

The tiger accepted his punishment, but he asked the lion:
"Your Majesty, why have you punished me? After all, the grass is green."

The lion replied:
"In fact, the grass is green."

The tiger asked:
"So why are you punishing me?"

The lion replied:
"That has nothing to do with the question of whether the grass is blue or green. The punishment is because it is not possible for a brave and intelligent creature like you to waste time arguing with a donkey, and on top of that come and bother me with that question."

The worst waste of time is arguing with the fool and fanatic who does not care about truth or reality, but only the victory of his beliefs and illusions. Never waste time on arguments that don't make sense... There are people who, no matter how much evidence and evidence we present to them, are not in the capacity to understand, and others are blinded by ego, hatred and resentment, and all they want is to be right even if they are not. When ignorance screams, intelligence is silent. Your peace and quietness are worth more."

3 Likes 1 Share

Re: Saudi Arabia Ends Sales Of Oil In U.S Dollars, Cancels 50 Year Agreement (Photo) by scholes23(m): 5:08am On Jun 15
What does this mean for Nigeria
Re: Saudi Arabia Ends Sales Of Oil In U.S Dollars, Cancels 50 Year Agreement (Photo) by zinaunreal(m): 5:10am On Jun 15
No peace for the wicked
Re: Saudi Arabia Ends Sales Of Oil In U.S Dollars, Cancels 50 Year Agreement (Photo) by zinaunreal(m): 5:11am On Jun 15
jayce232:
This Op hatred for US is scary
Anything to put USA down gives him orgasm, even when it is unreasonable. How does this change anything?

Why you mumu like this
Re: Saudi Arabia Ends Sales Of Oil In U.S Dollars, Cancels 50 Year Agreement (Photo) by fuckboys: 5:21am On Jun 15
Elsueno:



U western fanatics are so funny.... Did U think those countries are as dysfunctional & full of corrupt entities like our dear Africa.. China alone is a very very big threat to U.S economy wise, Military wise Russia is also a very big threat. Isn't Saudi like the biggest holy land for Muslims worldwide irrespective of race?

And U actually think the most influential & wealthiest country in Asia, Middle east & Europe( Resource wise) aren't equal to an old LGBTQ dying empire?


Anyways, that news about Saudi & dollar isn't confirmed yet...still can't find any credible source about it.

100% confirmed, we all know western medias would never carry the news.

Almost all Asian credible medias has confirmed it.

https://www.indiatoday.in/amp/business/story/us-saudi-arabia-petrodollar-deal-history-significance-what-is-it-2553088-2024-06-14

2 Likes 1 Share

Re: Saudi Arabia Ends Sales Of Oil In U.S Dollars, Cancels 50 Year Agreement (Photo) by Satazaa: 5:32am On Jun 15
ShinnBet:


Gbtyo made a thread about this on June 9th and it never made FP.

In that thread I was castigated by the now slavish western slaves.

There won't be a global recession . It's only those nations still stupid to hold their reserves in USD that are about to get the short end.

With 34 Trillion in debt and several trillions in USD floating around, all that now worthless fiat currency is heading back to the US.

Weimar levels of hyperinflation are set to hit the US.

The scariest bit here is what the US and London in particular will do on the global stage now that their middleman position has been dislodged.

I foresee the US and British navy returning to their inglorious roots as privateers sailing the high seas to disrupt economic trade . Coups in the global south ochestrated by Washington and London to keep third world within their sphere.

A multipolar world is about to emerge and with it, global proxy wars and another scramble for Africa.

The judeo-Anglo-Masonic order will not go down without taking the rest of the world with it.

I foresee a tactical nuke attack on the US eastern seaboard which will be blamed on the Russian fleet in the Caribbean. This will be a false flag by the deep state which they will use to justify an all out nuclear strike on Russia and China.

Predictions say the above could happen by 18th of June - next week Tuesday.

Biden cut his G7 trip back to Washington after all efforts to get the Saudis to reconsider ditching the dollar failed. Insider sources in the WH say articles of war declaration against Russia have been drafted for Dementia Joe to sign and that it will be sent to the US Congress today or by Monday.

Shit is literally about to hit the fan.


is Albert Einstein your mentor? You are a brilliant fellow 🤭👍

1 Like

Re: Saudi Arabia Ends Sales Of Oil In U.S Dollars, Cancels 50 Year Agreement (Photo) by Ade3131: 5:49am On Jun 15
Putindbutt:

Says who?. until Saudi Arabi stops tech transfer in dollars or buying weapons in dollars. then i will take them serious. Infact, this does not suggest Saudi is completely jettisoning the dollar, it is more like a shift to accomodate other currencies in cross border transactions. I don't know why we didn't also follow through on our Yuan currency swap.

Threats from the owners of dollars....you follow through on that agreement, and they sponsor regime change.

2 Likes 1 Share

Re: Saudi Arabia Ends Sales Of Oil In U.S Dollars, Cancels 50 Year Agreement (Photo) by femicyrus(m): 5:50am On Jun 15
That of Nigeria must be life agreement
Re: Saudi Arabia Ends Sales Of Oil In U.S Dollars, Cancels 50 Year Agreement (Photo) by Seun362: 5:58am On Jun 15
Ikumapkayi:


Sometimes I just laugh off many of you people's comments. Who leads in technology? I guess is your Russia or Saudi? Which nation is the most innovative? I guess is the copycat or wannabe Chinese that steals technology all over the place. Who leads in chips, semi conductor etc technology? I guess it is Russia and Chinese. You people don't think before you comment.Demand for US dollars will never cease any time soon.

It will reduce drastically. A lot of country already ditch the dollars for Int'l trade, Egypt and Kenya comes to mind.

2 Likes 1 Share

Re: Saudi Arabia Ends Sales Of Oil In U.S Dollars, Cancels 50 Year Agreement (Photo) by grandstar(m): 6:10am On Jun 15
Is the Saudi Royal not pegged to the US Dollar?

1 Like

Re: Saudi Arabia Ends Sales Of Oil In U.S Dollars, Cancels 50 Year Agreement (Photo) by AnyanwuSK: 6:15am On Jun 15
Putindbutt:

Bro, the fact is US is still the boss. the only country that can veto UN security council and sanction the ICC. wake up bro.
All the 5 permanent members of the UN security council can do that.
Re: Saudi Arabia Ends Sales Of Oil In U.S Dollars, Cancels 50 Year Agreement (Photo) by Bossly: 6:29am On Jun 15
Defund the terrorists 🙌🏾
zio-western degenerates are doomed 💯


Obedience4 & 1stgenamerican are you guys paying attention?

Re: Saudi Arabia Ends Sales Of Oil In U.S Dollars, Cancels 50 Year Agreement (Photo) by skywalker240(m): 6:39am On Jun 15
Putindbutt:

Nigeria-Morroco is laying gas pipe to europe. nothing is stopping US anytime soon.
So you meant the gas pipe won't pass through those Nations that are Russian backed?

2 Likes

Re: Saudi Arabia Ends Sales Of Oil In U.S Dollars, Cancels 50 Year Agreement (Photo) by Kukutente23: 6:44am On Jun 15
helinues:


Bro, global recession is coming, smart countries are already preparing ahead.

US election is just what is delaying the announcement. Anytime from next year, it should be declared
Imagine this zombie praying for global recession to cover the shame of his clueless god and even saying nonsense about US election.
A lot of Zombies will not die well
Enemies of the world
Re: Saudi Arabia Ends Sales Of Oil In U.S Dollars, Cancels 50 Year Agreement (Photo) by Kukutente23: 6:53am On Jun 15
ShinnBet:


China can afford to walk away from it. Remember , they are the ones who actually make shit the world needs .

As for Saudis, their cash reserves in the US has since been liquidated and converted to bullion bars that are securely stored in a Siberian vault.

No one even trusts the US in holding their gold.

Germany demanded some years back to recoup back some of their gold stored in Fort Knox but all their attempts were waived aside. When they even demanded to see their gold in the vaults , they were still denied.

It's believed that there is no gold left in Fort Knox and that all or most of it has found its way to Israel were it was supposed to be stored in the future Third Temple.

There is a reason Lord Rothschild faked his death as now chilling in an underground mountain bunker in New Zealand.
Your loud must be Canadian
Really strong bro
Re: Saudi Arabia Ends Sales Of Oil In U.S Dollars, Cancels 50 Year Agreement (Photo) by nighthawk1: 7:06am On Jun 15
Martinsmine:
Change is constatnt... dis news no go make dollars come down in naira

It will expose the ineptitude of the CBN if they don't realign.

SLS spoke about this way back when he was governor of the CBN. He converted U$100M to the Chinese YUAN.

This was to enable Nigerians doing business with China to be able to convert directly from NAIRA TO YUAN..

Policy flip flop terminated the idea. Now you need dollars to trade Yen. Even with our trade balance favouring Nigeria/China than Nigeria+Usa

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