has admitted it may sideline the US dollar and switch to the Euro to price its oil in response to the weakening greenback. In a first admission by the oil cartel, secretary-general Abdullah al-Badri said the move could happen within 10 years. The US currency has fallen by 50% against the Euro since 2000. Iran,…
MARKETS: OPEC may abandon US dollar within 10 years
Posted on February 27, 2008 by EnergyAsia