Oil Markets

Brent Crude Oil Futures Now Tradable on DeFi Exchange Synthetix

One of two global oil benchmarks, Brent Crude Futures are now available through DeFi exchange Synthetix.

Tech  ·  12 November 2020

Crypto Long & Short: How Oil Going Negative Could Open the Door for Bitcoin ETFs

The economic repercussions of oil going negative are staggering. Also compelling is what it says about biases in the bitcoin market.

Markets  ·  27 April 2020
Bitcoin Mining

Negative Oil Prices Could Hurt Bitcoin Miners Who Use Flared Gas

North American bitcoin miners who've bet on fossil-fuel extraction to power their rigs are watching the oil markets closely as prices sink to historic lows.

Business  ·  20 April 2020
DeFi

Bearish or Bullish? What Oil, Defi Hacks and Cash Hoarding Tell Us About Markets

As economic confusion gains ground, NLW breaks down what in the recent news is bullish and what is bearish for bitcoin and the crypto community.

People  ·  20 April 2020
Bitcoin

Why Energy Experts Are Watching Crypto as Oil Wars Emerge

Energy experts say incumbents are complacent about the dominance of the U.S. dollar in oil markets while China and Russia may try to force change.

Policy & regulation  ·  11 March 2020
Bitcoin

Oil Prices Are Now More Volatile Than Bitcoin

For skeptics and traditional market investors, bitcoin is synonymous with extreme bouts of price volatility. However, in recent times, oil has become a relatively risky asset.

Markets  ·  20 February 2020
News

Venezuela to Sell Oil for Petro Cryptocurrency in 2019, Says Maduro

Venezuela's President Maduro has said the nation will sidestep the dollar and use its controversial petro token for oil sales next year.

Markets  ·  7 December 2018
News

Venezuela to Present Petro at OPEC as the ‘Digital Currency for Oil’

Venezuela is hoping the world's oil markets will start using its controversial national cryptocurrency, the petro.

Markets  ·  9 November 2018
News

Oil Data Firm Platts Rolls Out Commercial Blockchain Platform

Energy markets data provider S&P Global Platts has announced the commercial deployment of a blockchain network for sharing oil inventories.

Markets  ·  22 February 2018
News

Report: Venezuela’s Maduro Wants OPEC to Launch a Cryptocurrency

Venezuelan President Nicolas Maduro has proposed "joint cryptocurrency mechanism" for use by OPEC members and non-member oil producing states.

Business  ·  7 February 2018
Ethereum

More Banks to Sign Up for ING’s Ethereum Oil Trading Platform

Dutch bank ING's ethereum-based oil trading pilot is opening up to new financial institutions.

Business  ·  28 March 2017
Startups

Mercuria Chief: Blockchain Could Cut Oil Market Costs By 30%

The chief executive of Mercuria, one of the world’s largest commodities traders, is bullish on blockchain.

Business  ·  14 October 2016