2020-3-10 16:48 |
The sharp decline in oil prices may impact economics, politics, and related markets across the globe. Here's a historical perspective on two previous declines.
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Explore the dynamics of crude oil prices and their impact on the ever-evolving global oil market.
2023-10-19 19:27 | |
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The oil and gas sector was on the brink of collapse this year amid a devastating decline in commodity prices in the wake of weakened demand as a result of the COVID-19 pandemic. Oil prices have recovered somewhat, but the industry is still having to reinvent itself in some ways to keep businesses running.
2020-9-27 12:00 | |
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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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Oil prices crashed to an 18-year low as the coronavirus-fueled demand shock continued unabated. But the worst isn't over - not even close. The post Oil Prices Crash Below $20 – Why Crude’s Collapse Is Far from Over appeared first on CCN.com
2020-3-31 17:27 | |
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Crude oil's volatile ride continued on Wednesday, as prices peaked at new 52-week highs before crashing again. The post Oil Prices Swing Wildly as Trump’s Sanctions Threat Against Iraq Likely to Backfire appeared first on CCN.com
2020-1-9 20:14 | |
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Oil prices were flying high when the year began. OPEC and its allies decided to reduce their output to the tune of 1. 2 million barrels per day for the first six months of 2019. Consequently, the international benchmark Brent crude oil touched nearly $75 per barrel by the third week of April.
2019-10-23 19:31 | |
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Donald Trump sent the oil market into a tailspin Monday with one tweet claiming oil prices are too high and blaming OPEC for it. Is Trump unaware that oil prices are a function of supply and demand? Or is he deliberately shifting the blame off his destructive embargo of Venezuela? Oil prices getting too high.
2019-2-26 02:39 | |
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Oil prices have suddenly fallen today in a bart like shape familiar to many bitcoin traders following an intervention by President Donald Trump who said: Oil prices getting too high.... The post Oil Prices Bart as Trump Tells OPEC “Take it Easy” appeared first on Trustnodes.
2019-2-25 17:37 | |
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With the recent announcement of the near abandonment of the Organisation of the Petroleum Exporting Countries (OPEC), the major oil producers are already reeling. What has hardly helped matters is the crashing oil prices.
2018-12-10 06:19 | |
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Venezuelan President Nicolas Maduro recently revealed that the nation’s oil-backed cryptocurrency, the petro, will be used as a unit of account by the state oil company PDVSA.
2018-8-16 00:26 | |
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In order to curb inflation in Venezuela, five zeroes will be removed from the national currency, the Bolivar according to July 26, 2018, reports. Furthermore, the value of the money will reportedly be tied to the government-controlled cryptocurrency, the Petro.
2018-7-27 23:00 | |
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The company will help monetize stranded energy in the African country and help manage its renewable energy production.
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.