Sentences with phrase «oil transactions»

But that can be risky: because the vast majority of oil transactions are financial, rather than between producers and users, prices tend to be more volatile than the underlying fundamentals.

Meanwhile, an eight - member investigative committee has been set up to look into the controversial oil transaction.

The US dollar survived the collapse of Bretton Woods in the «70s because its use in crude oil transactions made it the king of reserve currencies, but can it survive a collapse of petro dollars?

Further afield, Curtis opened an office in Turkmenistan in May, and in December announced the negotiation of a large oil transaction for Kazakhstan, where the firm opened two offices in 2008.

The standard explanation for the relationship between the dollar and oil price is that global oil transactions are carried out in U.S. dollars.

The Chamber of Petroleum Consumers (COPEC), says it will by close of day today [Monday], petition the office of the Special Prosecutor to investigate allegations of a shady crude oil transaction between the Bulk Oil Storage and Transportation (BOST) and an unlicensed private oil firm, BB Energy.

Mishcon de Reya's Fraud Defence Group has successfully struck out a High Court claim brought by Russian state - owned oil company PJSC Tatneft against four Ukrainian businessmen over allegations they misappropriated more than US$ 334 million owed from a major oil transaction.

Natixis, IBM, and Trafigura have announced today establishment of the first blockchain solution in commodity trade finance for US crude oil transactions.

With Bretton Woods» collapse in 1971, oil became its new saviour and kingmaker as the U.S. dollar became the prime currency for crude oil transactions.

The distributed ledger platform, built on the Linux Foundation open source Hyperledger Fabric, allows major steps in a crude oil transaction to be digitized on the blockchain, ensuring improved transparency, enhanced security, and optimized efficiency.

Natixis, IBM and physical commodities trading group Trafigura launched the first blockchain solution in commodity trade finance for US crude oil transactions

The Dutch oil trader in cooperation with IBM and French bank Natixis has developed a blockchain - based solution for US crude oil transactions.