Venezuela's state-run oil company PDVSA plans to increase digital currency usage in its crude and fuel exports as the U.S.
Venezuela's PDVSA shifts to crypto, using USDT for oil trades as a sanction evasion strategy, according to a new report.
HOUSTON/CARACAS, April 22 (Reuters) - Venezuela's state ... PDVSA had moved many spot oil deals not involving swaps to a contract model demanding prepayment for half of each cargo's value in ...
With the six-month temporary easing of sanctions, which expired on April 15, Venezuela had managed to increase exports to around 900,000 barrels per day in March–a four-year high, according to ...
HOUSTON/CARACAS (Reuters) -Venezuela's state-run oil company PDVSA plans to increase digital currency usage in its crude and fuel exports as the U.S. reimposes oil sanctions on the country ...
Venezuela exported 600,000 barrels per day (bpd) in the first quarter, of which 165,000 bpd were destined for the United States, ANZ Research said, adding that as volumes are moderate, the impact ...
Caracas, April 18, 2024 (venezuelanalysis.com) – The Biden administration has reintroduced wide-reaching economic coercive measures against Venezuela’s oil industry. The US Treasury Department allowed ...
HOUSTON/CARACAS (Reuters) -Venezuela's state-run ... PDVSA had moved many spot oil deals not involving swaps to a contract model demanding prepayment for half of each cargo's value in USDT.
USDT-issuer Tether says it will freeze addresses linked to sanctioned entities following a report that Venezuela ... its spot oil deals in 2024 to a contract model that requires prepayment ...
I am a chemical engineer covering the energy sector. During the 1980's and 1990's, Venezuela's proved oil reserves were around 60 billion barrels. At that time this was nearly double the proved ...
Venezuela’s state-owned oil company, PDVSA, is turning to cryptocurrency to adapt as the United States reimposes sanctions on the country’s oil industry. What Happened: In a move to bypass ...
The US is reimposing sanctions on oil from Venezuela, saying President Nicolás Maduro’s revolutionary socialist government has “fallen short” on commitments to hold a free and fair ...