Sentences with phrase «sharing oil inventories»
Energy markets data provider S&P Global Platts has announced the commercial deployment of a blockchain network for sharing oil inventories.
https://www.coindesk.com/ Not exact matches
Joint cuts of 1.8 million b / d have reduced OECD oil inventories towards their five - year average and cleared most of the global glut, with the Saudis cutting even deeper than agreed in an attempt to lift prices well above US$ 80 before selling off shares in Aramco.
Platt says the network improves upon the «manual and unstructured» process traditionally used by terminal operators when sharing weekly oil inventories to FEDCom.