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Saudi Arabia threatens to ditch dollar oil trades to stop 'NOPEC,' say sources

Updated : April 05, 2019 11:38 AM IST

The kingdom has nearly $1 trillion invested in the United States and holds some $160 billion in US Treasuries.
Just the prospect of NOPEC has already had implications for the Organisation of Petroleum Exporting Countries.
Qatar, one of the core Gulf OPEC members, quit the group in December because of the risk NOPEC could harm its US expansion plans.
Saudi Arabia threatens to ditch dollar oil trades to stop 'NOPEC,' say sources
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