RE:The Petro YuanKcalc, We're hearing that China and Venezuela are on a parh to further strengthen ties. One report says that Venezuela currently exports over 400,000 bpd to China evading US sanctions and it's no secret that Venezuela, which has pretty much been kicked off of the US banking grid, like Iran and Russia have been, are accepting payments in Yuan. The yuan is gradually replacing the US dollar: https://viewpoint.bnpparibas-am.com/renminbi-internationalisation-the-petro-yuan-and-the-role-of-gold/