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 ...

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 ...

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 ...

Oil prices diverged at settlement on Tuesday amid tariff drama between Washington and Beijing, and after U.S. President ...

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 ...