2025-12-29 03:20:47

Here's a realistic take on crude flows: China's oil imports settling in yuan probably cap out around 2 million barrels daily—that's roughly a fifth of their total intake. The bulk still moves through dollar-denominated channels, which tells you something about the limits of alternative settlement mechanisms in the current energy trade landscape.

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governance_lurker

· 10h ago

Basically, the RMB settlement is only at this level, accounting for just over 20%... The US dollar is still the big boss.

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StealthDeployer

· 10h ago

Only one-fifth of settlements are in RMB, indicating that the narrative of de-dollarization is still too idealistic; the reality is quite sobering.

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SoliditySlayer

· 10h ago

Huh, after all, it's still the US dollar that rules.

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MainnetDelayedAgain

· 10h ago

According to the database, the flow of RMB-settled oil has reached the fifth stage... It has been 1247 days since the promise of "completely de-dollarization," and the project team’s pie-in-the-sky plans are still fermenting. An average of two million barrels imported daily, one-fifth of the total—this number is quite interesting and deserves to be included in the Guinness record for delayed achievements. The US dollar system will eventually be replaced; we await the bloom.

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ImpermanentSage

· 11h ago

Basically, it's still the world of the US dollar. The volume of RMB settlements is just a token gesture.

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ChainMemeDealer