How to Use petrodollar in a Sentence

petrodollar

noun

• Among those agreements is the petrodollar, which has been in place for over 50 years.
  — Frank Holmes, Forbes, 27 Mar. 2023
• Here come petrodollars, back to save global asset prices.
  — Bloomberg.com, 25 Apr. 2018
• Nigeria is awash with petrodollars but much of this money does not trickle down to the average man and woman on the street.
  — Joey Akan, CNN, 28 May 2018
• But shortly after Chávez died, oil prices worldwide collapsed and the petrodollars dried up.
  — Christian Borys, Longreads, 28 Sep. 2017
• Beijing and Riyadh have not confirmed rumors that the two sides are discussing abandoning the petrodollar.
  — Nadeen Ebrahim, CNN, 10 Dec. 2022
• Saudi Arabia’s young new crown prince has big ambitions: to kick the country’s addiction to petrodollars and ready it for the post-oil world.
  — Bloomberg.com, 16 Oct. 2017
• Dubai’s strategy has been to grow beyond a reliance on petrodollars.
  — Bloomberg.com, 16 Apr. 2018
• Firstly, at the time of its conception, the Nigerian government had a large amount of petrodollars.
  — Astrid R.n. Haas, Quartz Africa, 1 Nov. 2019
• Once buoyed by Venezuelan petrodollars, Nicaragua can no longer count on that lifeline as Venezuela’s economy has collapsed.
  — Joshua Partlow, Washington Post, 26 Apr. 2018
• And those interests are to bring in as many petrodollars as possible for the kingdom not to fall into a budget deficit or see its megaprojects fail.
  — Nic Robertson, CNN, 12 June 2023
• Almost all international trades in oil are priced in dollars, hence the term petrodollars.
  — Washington Post, 2 Nov. 2019
• So long as China quarantines its financial system from the rest of the world, talk of a petroyuan replacing the petrodollar will be premature.
  — The Economist, 28 Mar. 2018
• Propped up by a windfall of petrodollars, the Kremlin has little incentive to rescue small companies.
  — Ivan Nechepurenko, New York Times, 11 Apr. 2020
• Most of Venezuela’s wealth is generated from petrodollars and skimmed off by President Nicolas Maduro, his cronies and top government brass.
  — The Editorial Board, WSJ, 14 June 2019
• That threatened the future of the US shale industry and the stability of oil-dependent states and squeezed the flow of petrodollars through an ailing global economy.
  — Grant Smith, BostonGlobe.com, 12 Apr. 2020
• That threatened the future of the U.S. shale industry, the stability of oil-dependent states and squeezed the flow of petrodollars through an ailing global economy.
  — Fortune, 13 Apr. 2020
• The petrodollars earned by Gulf exporters during the oil-price spikes of the 1970s were deposited in American banks, which lent them incautiously to Latin American governments.
  — The Economist, 5 Oct. 2017
• Those heady early days of Nigeria’s space endeavors were bolstered by the influx of petrodollars into the Nigerian economy.
  — Tade Ipadeola, Slate Magazine, 23 Mar. 2017
• In the belief that democracy in one Arab state is a threat to all, regimes flush with petrodollars have cracked down mercilessly on political activity and media.
  — Taylor Luck, The Christian Science Monitor, 12 May 2020
• Such divisions and pressures to trade outside the petrodollar seem likely to only continue to increase as Russia’s war lingers on without resolution.
  — David Blackmon, Forbes, 2 Apr. 2023
• Oil was fetching $100 a barrel, and Mr. Maduro’s populist government was showering petrodollars on everyone.
  — Anatoly Kurmanaev, WSJ, 24 May 2018
• The Russian ruble has gyrated, first tumbling against the dollar, then rebounding due to capital controls and an influx of petrodollars, then selling off again as energy sanctions started to bite.
  — Anna Hirtenstein, WSJ, 24 Feb. 2023
• Oil's surge to the highest level in more than three years will in fact spur fuel demand as swelling reserves of Middle East petrodollars are reinvested overseas and stimulate the global economy, Goldman's head of commodities research said.
  — Grant Smith and Tracy Alloway, Houston Chronicle, 23 Apr. 2018
• The plan, launched as a dip in oil prices made Saudi Arabia's economic future look precarious, calls for Saudi Arabia to diversify its economy away from energy and cut the economic flab accumulated after living for decades on a diet of petrodollars.
  — Adam Taylor, Washington Post, 22 June 2018

Last Updated: 13 Sep 2024