How to Use petrodollar in a Sentence

petrodollar

noun
  • But the dollar market has surged even as the petrodollar took a step back.
    — Paul Blustein, Fortune, 30 Mar. 2026
  • So why are so many people obsessed with the petrodollar?
    — Paul Blustein, Fortune, 30 Mar. 2026
  • Among those agreements is the petrodollar, which has been in place for over 50 years.
    — Frank Holmes, Forbes, 27 Mar. 2023
  • The fate of the petrodollar is at an inflection point during the Iran war.
    — Sasha Rogelberg, Fortune, 7 Apr. 2026
  • Dubai’s strategy has been to grow beyond a reliance on petrodollars.
    — Bloomberg.com, 16 Apr. 2018
  • But shortly after Chávez died, oil prices worldwide collapsed and the petrodollars dried up.
    — Christian Borys, Longreads, 28 Sep. 2017
  • 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
  • For leaders of global businesses, the question is not whether the petrodollar is dying.
    — Clay Chandler, semafor.com, 27 Mar. 2026
  • Almost all international trades in oil are priced in dollars, hence the term petrodollars.
    — Washington Post, 2 Nov. 2019
  • Beijing and Riyadh have not confirmed rumors that the two sides are discussing abandoning the petrodollar.
    — Nadeen Ebrahim, CNN, 10 Dec. 2022
  • The petrodollar remains the dominant currency used in global oil trade.
    — Sasha Rogelberg, Fortune, 6 May 2026
  • Oligarchs pocketed the petrodollars of the late-aughts oil boom and left the nation somehow poorer and more indebted.
    — Gisela Salim-Peyer, The Atlantic, 1 July 2026
  • 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
  • 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
  • Propped up by a windfall of petrodollars, the Kremlin has little incentive to rescue small companies.
    — Ivan Nechepurenko, New York Times, 11 Apr. 2020
  • To be sure, cracks in the petrodollar’s foundation is still far from the currency becoming irrelevant.
    — Sasha Rogelberg, Fortune, 7 Apr. 2026
  • 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
  • Moreover, as a region, Kirkuk would enjoy its constitutional share of revenue as well the petrodollars.
    — Luay Al Khatteeb, Foreign Affairs, 18 Jan. 2016
  • The ongoing conflict in the Gulf, however, has newly exposed the weakness of the petrodollar.
    — Sasha Rogelberg, Fortune, 7 Apr. 2026
  • 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
  • Now Western governments were exploiting this dominance to stem the flow of petrodollars to the Kremlin.
    — Edward Fishman, The Atlantic, 24 Feb. 2025
  • Qatar has also gotten into the game, alongside Saudi Arabia, which has long used its petrodollars to buy influence in the region.
    — Maha Yahya, Foreign Affairs, 22 Mar. 2022
  • For now, though diminished, the petrodollar remains the dominant currency for trades in oil and petroleum products.
    — David Blackmon, Forbes, 2 Apr. 2023
  • The flow of petrodollars enhanced the international status of the dollar while reducing its value in foreign exchange markets.
    — Jeff Sommer, New York Times, 22 Sep. 2023
  • Machado’s strategy could appear to have been a devil’s bargain—tempting Trump with the prospect of petrodollars in exchange for ousting Maduro, her nemesis.
    — The Atlantic, 29 Jan. 2026
  • 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
  • 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
  • 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
  • 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
  • Trump looks at the Saudi crown prince and sees a high net-worth individual who could throw a gargantuan amount of petrodollars into the American economy.
    — Thomas G. Moukawsher, Newsweek, 30 Jan. 2025

Some of these examples are programmatically compiled from various online sources to illustrate current usage of the word 'petrodollar.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

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