Saudi threat to shun dollar in oil sales highlights tensions

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Saudi Arabia’s threat to sell its oil in currencies other than the dollar if the United States enacts anti-OPEC legislation is an empty one, but it illustrates the extent of tensions between the two governments over oil prices. Senior Saudi officials have discussed a plan to stop invoicing oil in dollars and switch to other currencies if the No Oil Producing and Exporting Cartels Act, recently introduced in Congress, becomes law.

from The Daily Star >> Live News http://bit.ly/2WLtZNW