Venezuelan President Nicolas Maduro has vowed to back the national cryptocurrency, Petro, with the country’s natural resource reserves. According to RT, Maduro made the announcement on national television, showing a document “formalizing the provision of the certified Ayacucho oil field No.1 in the Orinoco Petroleum...
An international investigation into the allegedly corrupt practices of an oil company appears to have a caught a couple of big banks in its net. The Huffington Post reports that HSBC and Citibank were both essential players in facilitating contracts arranged by Unaoil — the Monaco-based...
In a press release from Feb. 17, Fiscal Systems Inc. and P97 Networks announced a partnership to accelerate mobile commerce for retail fuel and convenience stores at the Western Petroleum Marketers Association National Convention and Convenience Store Expo in Las Vegas. “Fiscal and P97 both...
On Monday (Nov. 17), Gulf Oil LP rolled out Gulf Online Market, a new online trading platform that promises to give B2B buyers “the lowest possible procurement costs on a daily basis,” which is a non-trivial claim given the soaring volatility of today’s petroleum prices....
December 09, 2018
Venezuela is finally getting ready to transition to the petro for oil sales next year. Last year, the country launched its own cryptocurrency that will be backed by the OPEC nation’s oil, gold and mineral reserves. The move was in response to what Venezuela called a financial “blockade” by the United States and the Trump administration. “This […]
December 29, 2017
Venezuelan President Nicolas Maduro has vowed to back the national cryptocurrency, Petro, with the country’s natural resource reserves. According to RT, Maduro made the announcement on national television, showing a...
April 04, 2016
An international investigation into the allegedly corrupt practices of an oil company appears to have a caught a couple of big banks in its net. The Huffington Post reports that...
February 20, 2015
In a press release from Feb. 17, Fiscal Systems Inc. and P97 Networks announced a partnership to accelerate mobile commerce for retail fuel and convenience stores at the Western Petroleum...
