China’s Offshore Oil Giant Exits Western Markets Over Sanction Fears — Tsvetana Paraskova

Chinese CNOOC, the offshore oil and gas producing giant, is getting ready to quit its businesses and assets in the U.S., the UK, and Canada, over concerns that it may come under secondary sanctions over the war in Ukraine, Reuters reported on Wednesday, citing industry sources....

Not only de-dollarization but also decoupling. 

The Global North/West and Global South/East are bifurcating, ending globalization as we knew it. The US and West (colonial powers) are determined to impose unipolarism on the emerging world as a fresh iteration of the white imperialism that has been dominant for the last half-millennium. 

This is just the start of it, as Russia and China draw the line. It's not only economic, e.g., resources wars., It is also social and political — both racial and cultural. Underlying it is Western and US "exceptionalism," as was the Third Reich. Oh my, that sounds like fascism.

This is a zero-sum game, the win-win multipolar model having been rejected. It may well result in a mass culling of the human population.

Oilprice

China’s Offshore Oil Giant Exits Western Markets Over Sanction Fears

Tsvetana Paraskova

https://oilprice.com/Latest-Energy-News/World-News/Chinas-Offshore-Oil-Giant-Exits-Western-Markets-Over-Sanction-Fears.html

See also

Zero Hedge
World's Top Oil Merchant Vitol Winds Down Trading Russian Crude
Tyler Durden
https://www.zerohedge.com/commodities/worlds-top-oil-merchant-vitol-winds-down-trading-russian-crude