oil

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What OPEC+ Oil Cuts Mean for the Global Economy and Geopolitics
OPEC+ agreed to reduce production by two million barrels per day.
(William_Potter/Getty Images, modified by CoinDesk)

(sesame/Getty Images, modified by CoinDesk)
A Primer on How Oil Has Reflected Macro and Geopolitics
From negative prices in 2020 to a major driver of inflation of 2022, oil is a key geopolitical and economic player.
(sesame/Getty Images, modified by CoinDesk)

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How Western Sanctions on Russia Could Make Crypto an International Reserve Currency
If oil and gas are one day denominated in cryptocurrency, we’re likely to see other industries start pegging their goods and services to crypto.
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(Jay Radhakrishnan/Getty images)
Bitcoin Retakes $44K Amid Broad Crypto Rally
Ether climbed above $3,100 for the first time in more than a month.
(Jay Radhakrishnan/Getty images)

(Andrey Rudakov/Bloomberg via Getty Images)
ExxonMobil Running Pilot Project to Supply Flared Gas for Bitcoin Mining: Report
The oil giant is looking to make use of natural gas that would otherwise be wasted at sites around the world, according to Bloomberg.
(Andrey Rudakov/Bloomberg via Getty Images)

Russia's Duma in Moscow (Getty images)
Russian Lawmaker Suggests Nation Could Accept Bitcoin for Oil Payments
Under pressure from Western sanctions, Russia is mulling other currency options for natural resource sales.
Russia's Duma in Moscow (Getty images)

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Crypto News Roundup for March 21, 2022
With bitcoin trading sideways and a look at the petroyuan, CoinDesk’s Markets Daily is back with the latest news roundup.
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Chinese President Xi Jinping welcomes Saudi Arabia's King Salman bin Abdulaziz Al Saud during a state visit to China in 2017. (Getty Images)
A 'Petroyuan' Could Further Shake the Dollar's Dominance
Saudi-Chinese talks "accelerate" just as unprecedented sanctions against Russia whet global appetites for greenback alternatives.
Chinese President Xi Jinping welcomes Saudi Arabia's King Salman bin Abdulaziz Al Saud during a state visit to China in 2017. (Getty Images)

(Getty images)
Saudi Arabia Mulls Pricing of China Oil Sales in Yuan: Report
The move would be a challenge to the U.S. dollar, which has dominated as the medium of exchange for the oil trade for decades.
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(Ibrahim Boran/Unsplash)
Bitcoin: Gold 2.0? Try Reserve Asset 3.0
The conflict between Russia and Ukraine is beginning to send ripples through the global economy that could lead to a new monetary system.
(Ibrahim Boran/Unsplash)