August 28, 2023
Is the oil market ready to say goodbye to King Dollar?
The G7-led coalition’s price cap imposed on Russian crude is set to be tested as oil prices rise. At the same time, the greenback’s supremacy in global oil trade is being challenged.
Rachel Ziemba, an adjunct senior fellow at the Center for a New American Security and global consulting firm Horizon Engage’s senior advisor on sanctions, delves into the sanctions and currency impacts on the oil markets on the podcast. She gives her take on the fate of the Russian oil price cap, the effects of price competition among sanctioned entities and whether we’re going to see the end of King Dollar anytime soon.
Listen to the full episode from S&P Global.
More from CNAS
-
Ziemba: No Immediate U.S. Role in Saudi-Houthi Fighting
Video
Aramco's headquarters in the eastern part of Saudi Arabia was hit by a Houthi missile attack. Authorities said the strike on Dhahran caused a limited fire and no injuries as f...
By Rachel Ziemba
-
Middle East Economic Activity Still Below Last Year, but Improving, Says Analyst Ziemba
Video
Rachel Ziemba, Founder of Ziemba Insights and adjunct senior fellow at the Center for a New American Security, joins CNBC's Access Middle East to discuss the economic resilien...
By Rachel Ziemba
-
G7 Fuel Release Offers Short Term Price Relief
Video
Bloomberg Economics economic statecraft lead and adjunct senior fellow at the Center for a New American Security Chris Kennedy tells Bloomberg This Weekend that the G7’s coord...
By Chris Kennedy
-
Talking Trade with Rachel Ziemba, Ziemba Insights
Video
In the latest episode of “Talking Trade,” Rachel Ziemba of Ziemba Insights says a recent state meeting between President Donald Trump and China’s President Xi Jinping “may not...
By Rachel Ziemba
