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On the Road to Yuan Internalization: Petrochina Completes First Digital Yuan Settlement
24.10.2023
Petrochina, the largest Asian oil and gas producer, has completed a settlement using the Chinese central bank digital currency (CBDC), the digital yuan. The operation, which involved a purchase of 1 million crude barrels through the Shanghai Oil and Gas Trading Center platform, marks the first time...
Chinese digital yuan CBDC used for first time to settle cross-border oil deal
23.10.2023
CBDC and de-dollarization saw major strides last week with the 1-million barrel deal on the Shanghai Petroleum and Natural Gas Exchange
Digital Yuan Enters Oil Market as PetroChina Finalizes First International Crude Trade in CBDC
23.10.2023
PetroChina inked a major deal on October 18, becoming the first company to complete an international crude oil trade using China's central bank digital currency (CBDC), the Digital Yuan. The transaction was reported by China Daily, a media outlet owned by the Chinese Communist Party.
This move...
PetroChina Completes First International Crude Oil Trade in Digital Yuan: Report
23.10.2023
PetroChina bought 1 million barrels of crude oil settled in e-CNY at the Shanghai Petroleum and Natural Gas Exchange
Economists Warn Direct Iran-Israel War Could Trigger Global Recession
20.10.2023
Bloomberg’s economists have warned that a direct war between Iran and Israel could trigger a global recession. “Soaring oil prices and plunging risk assets would deal a substantial blow to growth, and take inflation a notch higher,” they said. “The wider the conflict spreads, the more...
India state refiner HPCL uses blockchain to verify purchase orders
19.10.2023
Hindustan Petroleum, one of India’s largest oil and gas companies, is launching a blockchain system to enable automated verification of purchase orders
Israel-Hamas Conflict Shakes Global Markets: Emerging Stocks and Crypto Slide, Oil and Metals Surge
9.10.2023
Global markets took a hit today as tensions between Israel and Hamas escalated into full-blown warfare over the weekend. The conflict has caused ripples across asset classes, sending emerging stocks and cryptocurrencies on a downward trend while boosting the value of oil and precious metals....
Tensions in Israel Reverberate Globally — US Equities, Cryptos Falter Amid Mideast Conflict; Oil and Metals Capitalize
9.10.2023
Markets faced turbulence on Monday as all four major U.S. indices took a downward turn, influenced by the Israel-Hamas conflict which escalated into an outright war over the weekend. The crypto economy experienced a 1.8% dip against the U.S. dollar on the same day. Meanwhile, the onset of...
Bitcoin, Ethereum Technical Analysis: ETH, BTC Edge Lower as Mideast Tensions Rattle Markets
9.10.2023
Ethereum plunged below the $1,600 level to start the week, as global markets reacted to the escalating tensions in the Middle East. Crude oil prices rallied from a six-week low, climbing by over 4% overnight. Bitcoin gave up recent gains, as traders fled to more traditional safe-haven assets....
Crypto Market Stable, Oil Prices Surge as Hamas Attack on Israel Jolts Markets
9.10.2023
The U.S. pre-market futures slid Monday morning, while stock indexes in Asia slumped
Big Oil's Using Fortnite, TikTok, And Twitch In Effort To Convince Kids Fossil Fuels Are Cool
6.10.2023
Kids today only care about online free-to-play shooter Fortnite. They don’t even talk about how great gasoline is! Luckily for us, one large oil company wants to change that using Fortnite, TikTok stars, and Twitch streamers. Welcome to Hell. Read more
Bitcoin Tops $27K as Rates and Oil Retreat; Ether Outperforms on ETF Hopes
28.9.2023
Cryptocurrency markets surged higher Thursday, with the price of bitcoin (BTC) breaking above the $27,000 level for the first time alongside easing macro pressures
Crypto Observers Warn of Risk Aversion as Oil Prices Top $93
28.9.2023
The WTI oil has surged by 30% this quarter. The rally could feed into inflation, forcing central banks to keep rates elevated for longer than expected
Bitcoin Slides Back Towards $26K as Surging Interest Rates Trigger Macro Jitters
27.9.2023
The U.S. 10-year Treasury yield rose another nine basis points Wednesday to a new 16-year high of 4.63%
Argentinian oil company to start mining crypto with gas power leftovers
27.9.2023
Tecpetrol hopes to reduce environmental impact by avoiding gas emissions, and generate some additional profits in the meantime
Argentinian Oil Producer Will Mine Crypto with Associated Gas
27.9.2023
Tecpetrol, a major Argentinian oil producer, has announced plans to mine crypto using associated gas.
The Buenos Aires-based firm explores and produces oil and gas in Argentina, as well as other LATAM countries like Venezuela, Bolivia, Ecuador, Mexico, Peru, and Colombia.
And per Rio Negro,...
Venezuela extends reorganization shutdown of crypto agency to March 2024
26.9.2023
The government will spend six additional months to ‘reorganize” the entity, which de-facto stopped its work in March 2023
Crude Oil on the Rise: JPMorgan Predicts a Surge to $150 per Barrel Amidst Global ‘Energy Supercycle’
25.9.2023
Christyan Malek, the lead for EMEA energy equity research at JPMorgan, predicts that by 2026, crude oil prices could soar to $150 a barrel. Malek believes a looming energy supercycle could be the driving force pushing crude prices upward. Another significant factor, Malek points out, is...
Bitcoin Plumbing Six-Month Lows and Higher Oil Prices Suggest Further Pressure
5.9.2023
Saudi Arabia and Russia Monday morning agreed to extend oil production cuts, sending crude to its highest levels of 2023
Tornado Cash Founders Accused, Court Rules in Favor of Grayscale Against SEC, and More — Bitcoin.com News Week in Review
3.9.2023
The U.S. government has charged the founders of crypto mixing and privacy tool Tornado Cash with money laundering, calling them “criminals.” In other news, the U.S. Court of Appeals for the District of Columbia has ruled in favor of crypto asset manager Grayscale against the United...