Will China Take Down the Petrodollar?
Description
In this episode of Energy Newsbeat Daily Standup, Michael Tanner discusses China potentially challenging the U.S. dollar with the yuan, Russia’s new Power of Siberia 2 pipeline to China, Germany’s energy struggles amid its green transition, record U.S. LNG exports, OPEC’s possible production increase, and ConocoPhillips’ major workforce cuts—highlighting the shifting dynamics of global energy markets.
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Timestamps:
Highlights of the Podcast
00:00 - Intro
00:12 - China may be About to Unveil a New Global Currency: Dollar Dominance Challenged, Global Trade Reshaped
03:46 - Russia Wins in China with New Pipeline
06:13 - Germany Sees Bigger Role for Gas to Keep the Lights On
08:41 - US Records Highest Ever LNG Exports in August
11:22 - Markets Update
12:51 - ConocoPhillips says it will cut workforce by 20-25%, shares fall
13:24 - Outro
Links to articles discussed:
Russia Wins in China with New Pipeline
United States
