Petrodollars, simply defined, are oil revenues denominated in U.S. dollars. The petrodollar loop is essentially the global practice of pricing oil exclusively in U.S. dollars rather than any other currency and having those dollars recycled into U.S. assets. So, no matter what country is buying oil, they pay the oil-producing country in petrodollars denominated in Read more
Commodity Prices
War in the Ukraine, Global Economic Consequences
The Russian invasion of Ukraine overturned a lot of expectations on the near-term direction of the global economy. The destructive military action and its subsequent economic and financial ripple effects have become the chief driver of the market’s swift, volatile moves (both downside and upside) since the end of February 2022. This volatility has spiked Read more