https://blockonomi.com/petroyuan-rises-as-physical-oil-yuan-settlements-and-rare-earth-markets-decouple-from-dollar-systems/
TLDR: Dated Brent physical oil trades at $141 while futures sit at $107, marking the widest gap recorded since the 2008 financial crisis. Twenty-six ghost fleet tankers settled yuan-based oil trades through CIPS, which hit 928 billion renminbi in daily volume by March 9. China controls 95 percent of heavy rare earth processing…
Petroyuan Rises as Physical Oil, Yuan Settlements, and Rare Earth Markets Decouple From Dollar Systems
Published in Business and Uncategorized
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