Latest News for: Oil contracts

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Venezuela’s Oil Giant PDVSA Turns to Crypto amidst Heightened Sanctions

Coinspeaker 23 Apr 2024
Reuters reported that PDVSA had recently begun accepting crypto payments for certain spot oil contracts that do not involve swaps ... is considering using digital currencies for certain oil contracts.
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Venezuela Moves Oil Sales to Tether (USDT) Amid US Sanctions

CoinGape 23 Apr 2024
Last week, Venezuelan oil minister Pedro Tellechea told Reuters that they are considering digital currencies for some oil contracts, as the preferred payment method ... Following the scandal, Tellechea assumed control of the nation’s oil ministry.
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Venezuela to start using crypto for oil trades

Cryptopolitan 23 Apr 2024
He indicated that moving forward, cryptocurrencies might become the predominant method of payment in certain contracts, reflecting a strategic pivot in how Venezuela handles its oil revenues.
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Venezuela’s Oil Exports Turn to Cryptocurrency to Dodge Sanctions

CoinGape 23 Apr 2024
sanctions, Venezuela has intensified the use of digital currencies in oil transactions ... For new contracts and spot oil deals, not including swaps, PDVSA has now set a prepayment of 50% for the value of each cargo in USDT.
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Funds post record selloff in CBOT soyoil as US supplies build -Braun

Hellenic Shipping News Worldwide 23 Apr 2024
... oil futures and options surged to 53,295 contracts from 4,128 a ....
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PDVSA to raise the usage of Tether stablecoin

CryptoNewsZ 23 Apr 2024
Towards the end of quarter one, PDVSA had managed to transform a lot of non-swap spot oil deals into a sort of contract for which it was necessary to carry out prepayments in USDT.
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Venezuela’s state-owned oil company transitions to USDT to bypass US sanctions

Invezz 23 Apr 2024
Reuters revealed that the Venezuelan state-run oil & natural gas company PDVSA has decided to accelerate the use of stablecoins such as Tether (USDT) for transactions ... In some contracts digital currencies might be the preferred payment.
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Polish Refiner Cancels Venezuelan Oil Deals as Sanctions Window Closes

Oil Price 23 Apr 2024
Polish refiner Orlen has scrapped contracts to purchase Venezuelan crude and oil products after losing millions of U.S.
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S&P/TSX composite up nearly 150 points, U.S. stock markets also climb higher

North Shore News 23 Apr 2024
The June crude oil contract was up 46 cents at US$82.36 per barrel and the June natural gas contract was down less than a penny at US$2.06 per mmBTU. The June gold contract was down ...
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Venezuela’s Oil Giant Turns to Crypto to Bypass Sanctions

The Arabian Post 23 Apr 2024
... state-owned oil and gas company, Petróleos de Venezuela, S.A ... This volatility could introduce uncertainty into PDVSA’s oil sales, making it difficult to accurately price and value oil contracts.
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Technip Energies wins EPC contract for big Oman LNG project

GDN Online 23 Apr 2024
Technip Energies, a leading engineering and technology company for the energy transition, has announced that it has secured a substantial contract from global oil major TotalEnergies and Omani ...
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CPO FUTURES END HIGHER AMID STRONGER EXPORT FIGURES

Malaysian National News Agency 22 Apr 2024
KUALA LUMPURL, April 22 (Bernama) -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended higher ...
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Oil Slides as Technical Support Vies With Limited War Risks

Live Mint 22 Apr 2024
West Texas Intermediate’s most active June contract settled near $82 a barrel after plunging 1.9% earlier, as the 50-day moving average provided some support.  Still, with the US Congress moving ...
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