Latest News for: Oil trading

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Venezuela Boosts Cryptocurrency Use in Oil Trades Amid Sanctions

Coin Edition 23 Apr 2024
PDVSA now requires digital wallets for oil trades to avoid U.S ... Amid sanctions, PDVSA transitions oil sales to the USDT cryptocurrency to maintain financial flow ... sanctions push PDVSA to obtain individual trading authorizations, complicating exports.
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Venezuela turns to crypto for oil trades under renewed US sanctions: Reuters

Crypto Briefing 23 Apr 2024
Venezuela's PDVSA shifts to crypto, using USDT for oil trades as a sanction evasion strategy, according to a new report. ....
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Venezuela to start using crypto for oil trades

Cryptopolitan 23 Apr 2024
oil sanctions. PDVSA, the country’s state-run oil giant, is spearheading this shift to cryptocurrencies as a tactic to sidestep the financial blockades affecting its operations ... to continue oil trade with Venezuela.
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Venezuela’s Oil Exports Turn to Cryptocurrency to Dodge Sanctions

CoinGape 23 Apr 2024
USDT and other digital currencies in oil trading are a rather rare phenomenon in the global market where the dollar still prevails ... The adoption of cryptocurrency in oil trading is not wide, but ...
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Crude oil up despite easing of tensions in West Asia

Business Line 23 Apr 2024
Crude oil futures traded higher on Tuesday morning despite easing of tension between Israel and Iran in West Asian region.
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PDVSA to raise the usage of Tether stablecoin

CryptoNewsZ 23 Apr 2024
Since crypto transactions in oil do not come under any trade compliance office, PDVSA, along with its trading associates, depends on functioning through middle parties, as informed by Reuters.
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Morgan Stanley says US dollar will never be dethroned

Cryptopolitan 23 Apr 2024
Meanwhile, the Russian Ruble has deteriorated, now trading at 94.15 after dipping below 100 ... In this context, BRICS has been urging Middle Eastern nations to abandon the US dollar in oil trading, aiming to weaken its global stance.
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Govt to resolve cooking oil compensation by October

The Jakarta Post 23 Apr 2024
he Trade Ministry has finally provided clarity on the long-delayed compensation payouts to businesses that were caught in the middle of the cooking oil policy flip-flop. Domestic Trade ...
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Funds post record selloff in CBOT soyoil as US supplies build -Braun

Hellenic Shipping News Worldwide 23 Apr 2024
... them, emphasizing the recent heaviness in global vegetable oil prices.
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Venezuela’s Oil Giant PDVSA Turns to Crypto amidst Heightened Sanctions

Coinspeaker 23 Apr 2024
PDVSA to Use USDT for Oil and Crude Exports ... This reliance stemmed from the introduction of the “petrodollar” system in the 1970s, solidifying the US dollar’s status as the primary currency for global oil trade.
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American Club: Oil price cap scheme updates and compliance enforcement alert

SAFETY4SEA 23 Apr 2024
industry stakeholders involved in the trade of Russian oil and oil products with an overview of identified OPC evasion methods as well as information on how to report suspected OPC breaches.
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Oil rises on robust EU data

Bahrain News Agency 23 Apr 2024
Oil prices gained on Tuesday after stronger economic data out of Europe ... Global benchmark Brent Crude Oil futures traded 80 cents or 0.9% higher at $87.80 a barrel by 08.47 GMT, while U.S.
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Oil prices rise slightly as tension in Middle East remains focus

Business Day 23 Apr 2024
New Delhi — Oil ... Global benchmark Brent crude oil futures traded 27c higher at $87.27 a barrel by 3.08am ... But the evolving geopolitical landscape remains critical in steering crude oil prices, she said.
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Oil prices stabilise, Middle East tensions remain in focus

Ammon 23 Apr 2024
Oil prices edged higher on Tuesday, after falling in the ...
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Oil rises on robust EU data as Mideast tensions linger

Hellenic Shipping News Worldwide 23 Apr 2024
Oil prices gained on Tuesday after stronger economic data out of ...
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