Dumping the Dollar? EU Seeks to Promote Euro in Global Energy Trade | WHAT REALLY HAPPENED

Dumping the Dollar? EU Seeks to Promote Euro in Global Energy Trade

The European Commission is launching discussions with executives from top EU energy companies, seeking to boost the role of the euro in international trade in oil and natural gas.

Kristian Rouz — The European Union (EU) has launched an effort to increase the role of its single currency in international energy transactions, with a particular focus on buying and selling oil and natural gas in euro-denominated transactions.

European officials opened discussions with representatives from top EU energy companies, including OMV, Eni, and Engie, on how to reduce the reliance of global energy trade on the US dollar Wednesday.

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