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Venezuela Pitches Petro To OPEC As Unit Of Account For Oil

Authored by Ana Berman via CoinTelegraph.com, Venezuela will present its state-backed cryptocurrency Petro as a unit of account for crude oil trading to the Organization .....»»

Category: blogSource: zerohedgeNov 9th, 2018

Venezuela"s Maduro Orders Banks to Adopt Petro Cryptocurrency

Venezuelan banks have been ordered to use the petro, the Maduro government-launched cryptocurrency, as a unit of account......»»

Category: forexSource: coindeskAug 28th, 2018

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......»»

Category: forexSource: coindeskNov 10th, 2018

Oil prices rise on lower U.S. stocks, OPEC+ supply cuts

Oil prices rose slightly on Thursday, boosted by a decline in U.S. inventories, ongoing supply cuts from OPEC and its allies, and U.S. sanctions on Venezuela and Iran......»»

Category: topSource: reutersApr 18th, 2019

Oil prices slip, but supply cuts support

Oil prices eased on Thursday, although a decline in U.S. inventories, ongoing supply cuts from OPEC and its allies, and U.S. sanctions on Venezuela and Iran all limited losses......»»

Category: topSource: reutersApr 18th, 2019

Oil rises as supply constraints outweigh China slowdown fears

Oil prices rose on Friday as involuntary supply cuts from Venezuela, Libya and Iran supported perceptions of a tightening market, already underpinned by a production reduction deal from OPEC and its allies......»»

Category: topSource: reutersApr 12th, 2019

Oil prices rise as market tightens, but demand concerns linger

Oil prices edged up on Friday, lifted by ongoing supply cuts led by producer club OPEC and by U.S. sanctions on petroleum exporters Iran and Venezuela......»»

Category: topSource: reutersApr 12th, 2019

Oil lifted by OPEC cuts, U.S. sanctions on Iran and Venezuela

Oil prices edged higher on Friday, lifted by ongoing supply cuts led by producer club OPEC and by U.S. sanctions on petroleum exporters Iran and Venezuela......»»

Category: topSource: reutersApr 12th, 2019

Oil prices firm amid OPEC supply cuts, U.S. sanctions on Iran and Venezuela

Oil prices were firm on Friday, supported by ongoing supply cuts led by producer club OPEC and by U.S. sanctions on petroleum exporters Iran and Venezuela......»»

Category: topSource: reutersApr 11th, 2019

Oil rallies as U.S. gasoline inventory draw offsets crude build

Oil futures climbed more than 1 percent on Wednesday after U.S. data showing a deep decline in gasoline stocks overrode a rise in crude inventories to 17-month highs, and as an OPEC report showed further tightening of Venezuela's crude supply......»»

Category: topSource: reutersApr 10th, 2019

Oil up on tight supply, but economic slowdown weighs

Oil prices rose on Wednesday back toward five-month highs hit the previous day as OPEC production cuts and U.S. sanctions on Iran and Venezuela continued to tighten supply, although economic worries increased......»»

Category: topSource: reutersApr 10th, 2019

Oil edges up amid tightening supply, but economic slowdown weighs

Oil prices inched up on Wednesday amid supply cuts by producer group OPEC and U.S. sanctions on oil exporters Iran and Venezuela, but pressured by expectations that an economic slowdown could soon dent fuel consumption......»»

Category: topSource: reutersApr 10th, 2019

Oil steady amid tightening supply, but capped by economic slowdown

Oil prices moved little on Wednesday, supported by supply cuts by producer group OPEC and U.S. sanctions against oil exporters Iran and Venezuela, but pressured by expectations that an economic slowdown could soon dent fuel consumption......»»

Category: topSource: reutersApr 10th, 2019

Oil edges higher amid tightening global supply, gains capped by economic slowdown

Oil prices crept higher on Wednesday, supported by supply cuts by producer club OPEC and U.S. sanctions against oil exporters Iran and Venezuela, but restricted by expectations that an economic slowdown could soon dent fuel consumption......»»

Category: topSource: reutersApr 9th, 2019

Oil rises amid OPEC supply cuts, U.S. sanctions

Oil prices edged back towards five-month highs on Wednesday, supported by ongoing supply cuts by producer club OPEC and U.S. sanctions against oil exporters Iran and Venezuela......»»

Category: topSource: reutersApr 9th, 2019

Oil hits five-month high above $71 on Libyan supply threat

Oil hit a five-month high above $71 a barrel on Tuesday, supported by concern that violence in Libya could further tighten supply already squeezed by OPEC cuts and U.S. sanctions on Iran and Venezuela......»»

Category: topSource: reutersApr 9th, 2019

Oil near five-month highs amid Libya violence, OPEC cuts, U.S. sanctions

Oil prices were near 5-month highs on Tuesday as markets continued to tighten amid OPEC-led supply cuts, U.S. sanctions against Iran and Venezuela, and escalating violence in Libya......»»

Category: topSource: reutersApr 9th, 2019

Oil prices hover near five-month highs as global markets tighten

Oil prices rose to fresh 5-month highs on Tuesday as markets tightened amid OPEC-led supply cuts, U.S. sanctions against Iran and Venezuela, and escalating violence in Libya......»»

Category: topSource: reutersApr 9th, 2019

Oil prices hit highest in five months as Libya fighting tightens supply

Oil prices on Tuesday reached their highest since November as concerns over exports from war-torn Libya stoked tightness in the market, with global supply already hit by OPEC-led production cuts and U.S. sanctions on Iran and Venezuela......»»

Category: topSource: reutersApr 8th, 2019

Oil gains up to 2% to five-month high as Libyan output threatened

Oil prices rose up to 2 percent on Monday, hitting five-month highs on expectations that global supplies would tighten due to fighting in Libya, OPEC-led cuts and U.S. sanctions against Iran and Venezuela......»»

Category: topSource: reutersApr 8th, 2019

Oil hits five-month high as Libyan output threatened

Oil prices rose to a five-month high on Monday, driven by expectations for tighter global supply from fighting in Libya, OPEC-led cuts and U.S. sanctions against Iran and Venezuela......»»

Category: topSource: reutersApr 8th, 2019