The offshore yuan may consolidate around 7.3000 against the dollar, DBS Group Research’s Chang Wei Liang says in commentary. “Given prospects of U.S.-China negotiations, trade tensions could stay ...

Broader adoption of the petroyuan – shorthand for the use of China’s currency in cross-border crude oil settlements – is widely seen as a necessary step in the yuan’s further ...

Shifting just part of global oil trade into the Yuan is potentially huge. Oil is the world's most traded commodity, with an annual trade value of around US$14 trillion, roughly equivalent to China ...

While the dollar dominates world trade settlements, the news comes amid a steady drumbeat of more and more bilateral deals arranging yuan payments with China--from Chinese oil purchases in the ...

TASS/. The Russian oil and gas industry does about 80% of its business in rubles and yuan, Deputy Prime Minister Alexander Novak said in the documentary "Oil" on the Premier online platform.

A weekly Oil Ministry bulletin published on Friday listed September prices in Yuan, while including prices from previous weeks and months in dollars. “This format is the result of the ...