EURO VS. DOLLAR

Hindustan Times: OPEC may trade oil in euros to compensate for dollar decline

OPEC Secretary General Alvaro Silva said the organisation is considering trading oil in euros to compensate for the US dollar's decline in value.

Another alternative is to trade in a basket of currencies other than the greenback, Silva told Venezuela's state news agency, Venpres.

"There is a talk of trading crude in euros. It is one of the alternatives," the former Venezuelan oil minister said from Vienna late on Monday.

"It is possible that the organisation will discuss that, and make a decision at some point in time," he said.

Silva did not provide more details.

Goodbye USA