Will China Take Down the Petrodollar?

In this episode of Energy Newsbeat Daily Standup, Michael Tanner discusses China potentially challenging the U.S. dollar with the yuan, Russia’s new Power of Siberia 2 pipeline to China, Germany’s energy struggles amid its green transition, record U.S. LNG exports, OPEC’s possible production increase, and ConocoPhillips’ major workforce cuts—highlighting the shifting dynamics of global energy markets.



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Timestamps:

Highlights of the Podcast 

00:00 - Intro

00:12 - China may be About to Unveil a New Global Currency: Dollar Dominance Challenged, Global Trade Reshaped

03:46 - Russia Wins in China with New Pipeline

06:13 - Germany Sees Bigger Role for Gas to Keep the Lights On

08:41 - US Records Highest Ever LNG Exports in August

11:22 - Markets Update

12:51 - ConocoPhillips says it will cut workforce by 20-25%, shares fall

13:24 - Outro

Links to articles discussed:

China may be About to Unveil a New Global Currency: Dollar Dominance Challenged, Global Trade Reshaped

Russia Wins in China with New Pipeline

Germany Sees Bigger Role for Gas to Keep the Lights On

US Records Highest Ever LNG Exports in August