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
-
BBC Business Today: China Defends Rare Earth Export Controls amid Tensions with USA
Video
Senior Fellow and Director of the Energy, Economics, and Security Program Emily Kilcrease joined BBC to discuss rare earths minerals and the US-China relationship. One of the ...
By Emily Kilcrease
-
Why the Latest U.S.-China Tech Fight May Be the Biggest Yet
Podcast
Tensions between the U.S. and China are inflamed yet again — with the tech sector in the crossfire. In the latest move, Beijing has threatened to restrict the trade of rare ea...
By Liza Tobin
-
Export Controls and U.S. Trade Policy: Making Sense of the New Terrain
Commentary
This article was originally published in Just Security. U.S. export controls are evolving from a narrow national security tool to a broader trade policy instrument, reflectin...
By Geoffrey Gertz & Thomas Krueger
-
Oil Prices Reliant on Chinese Demand
Video
Oil fell for a second session as the market weighed a looming glut and the possibility for an end to the war in Gaza. Rachel Ziemba, adjunct senior fellow at the Center for a ...
By Rachel Ziemba
