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I don't see they would all agree. I can confirm India at least wouldn't agree and I don't even see Brazil and South Africa getting ready to it. It's just hype right now. India can also play a double game here.
I could see Russia or Brazil accepting Yuan for oil, but a Petroyuan would mean that India is agreeing to pay for oil with Yuan. That seems far-fetched.
Why do you think Brazil would agree? I think only Russia would support it. India is not gonna accept it and instead India would say we will launch a petrorupee! 😜
Brazil buys stuff from China, so they have demand for Yuan. I don't mean that they would agree to requiring everyone else to pay with Yuan, just that they would allow the Chinese to do so.
I agree on this. They buy a lot from China and it can be good for them, for Russia as well.
I'm not surprised China is trying to do its own Petrodollar thing, but why would the other members agree to it?