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The Opec oil cartel will not switch US dollar-denominated oil sales to the euro, ...

The Opec oil cartel will not switch US dollar-denominated oil sales to the euro, despite the fall in the value of the US currency, Opec’s President has said. Abdullah al-Attiyah, who is also Oil Minister for Qatar, said the dollar’s decline versus other leading currencies like the euro and the yen had hurt Opec revenues and helped oil importing nations.

News Item details


Region: World

Keywords: Oil price

Organisation: OPEC

Subjects: Oil markets, Oil

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