Jan. 6, 2026 /Mpelembe Media/ —The term petrodollar refers to the global system where crude oil is priced and traded exclusively in U.S. dollars. This system has been a cornerstone of American economic and geopolitical power for over 50 years. As of early 2026, the petrodollar system is facing its most significant challenges since its inception, with major shifts in Venezuela and the Middle East reshaping the global energy landscape. Continue reading
April 17, 2023 /Economy/ — The future of the dollar as the world’s reserve currency is uncertain. The dollar has been the world’s reserve currency for over 70 years, but there is a growing trend of countries using other currencies for oil deals. This trend is being driven by a number of factors, including the rise of China and other emerging economies, the increasing volatility of the dollar, and the desire of some countries to reduce their reliance on the United States.
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