David Fickling, Columnist

The Petroyuan's Time Hasn't Come

The economic center of gravity is moving east; the medium of exchange for commodity trading isn't.

October 17, 2017 at 4:52 AM UTC

David Fickling is a Bloomberg Opinion columnist covering climate change and energy. Previously, he worked for Bloomberg News, the Wall Street Journal and the Financial Times.

Sinopec Refinery Visit — Nelson Ching/Bloomberg

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Could the end of the petrodollar be in sight?

Moves by China to set up its own crude futures contract and invest in Saudi Arabian Oil Co., or Saudi Aramco, are leading some to think so.