2020-6-4 21:00 |
Crude oil storage levels in Cushing and other hubs are declining as the demand for oil increases in the wake of the pandemic.
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Oil production has crashed to historic lows as excess supply outstrips storage capacity. It's not a good sign for the stock market rally. The post Oil Production Crash Spells Doom For Stock Market Rally appeared first on CCN.com
2020-5-11 00:03 | |
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On 20 April, U.S. Oil Futures contracts for May delivery slipped due to storage issues. The price of oil collapsed below zero, following which there was a looming fear in the market about other commodThe post Bitcoin mining may become more profitable due to Oil price crash appeared first on AMBCrypto.
2020-4-28 11:00 | |
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In an unprecedented move yesterday, U. S. crude oil futures plunged well into the negative territory. An oversupply during a period of record-low demand has seen oil prices tank around the world.
2020-4-22 20:48 | |
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Coinspeaker Estimated Russian Urals Oil Prices Turn Negative, Storage Capacities Are FullWith government institutions enforcing a shutdown due to the COVID-19 outbreak, the demand in the oil market has plunged to a record low.
2020-4-2 13:06 | |
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The US Department of Energy (DOE) and Energy Information Administration (EIA) have scrapped their emergency survey of Bitcoin mining’s power usage following a lawsuit from industry groups, Reuters and other news outlets reported.
As both artificial intelligence and cryptocurrency gain traction in several aspects of our lives, their escalating energy demands have become a critical issue. Like all technologies that improve our quality of life at the cost of using resources, generative AI and cryptocurrencies—Bitcoin (BTC) in particular—have already produced tremendous value while consuming tremendous amounts of energy.
Investing in assets "outside of the traditional financial system” is the only way to preserve one’s wealth, according to the former BitMEX CEO.
A Singapore-based fund manager will purchase Mawson Infrastructure Group's Texas subsidiary and said it will participate in the state energy grid’s load response program.
Core Scientific had stopped paying Priority Power Management in May 2022.
Pow.re is one of the few companies building out 100 MW of mining in the South American country.
The state's congress will vote next on the bill, which protects bitcoin miners from utility rate hikes and measures by local governments.