The Saudi Energy Minister Khalid Al-Falih emphasized that there is no change in the Kingdom's long-standing policy of oil trade in US dollars.

According to Reuters, Al-Falih said when asked to comment on the possibility of Saudi Arabia giving up the dollar, of course not. No change whatsoever on our long-standing policy.

Three sources familiar with Saudi energy policy told Reuters last week that the kingdom was threatening to sell its oil in currencies other than the dollar if Washington enacted a law that puts OPEC members under anti-monopoly lawsuits In the United States.

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