DUBAI -- Saudi Aramco, Saudi Arabia's state-controlled oil company, has raised the possibility of floating yuan-denominated bonds, a move that would mark a significant departure in a traditionally dollar-dominated industry.
World's largest oil company opens door to shift from dollar as Asia demand grows
Saudi Aramco raised $8 billion on Nov. 17 in its first foreign-currency bond offering since 2019. © Reuters
DUBAI -- Saudi Aramco, Saudi Arabia's state-controlled oil company, has raised the possibility of floating yuan-denominated bonds, a move that would mark a significant departure in a traditionally dollar-dominated industry.