Tagged: crude oil

Fintech in the Middle East: Saudi Arabia Might Be Shifting Economic Focus from Oil to Financial Technology

Crude oil production in Saudi Arabia slowed down considerably last year, from 10,643 BBL/D/1K in December 2018 to only 9,890 BBL/D/1K in November 2019. Steady and continuous drops in crude oil production may be attributed to several different factors, such as the attendant impact on… Read More

Nicolás Maduro, President of Venezuela, Says Country will Sell Oil and Gold for Petro Cryptocurrency

Nicolás Maduro, president of Venezuela, a country suffering from record levels of hyperinflation and rampant corruption, says that the South American nation will be selling oil and part of its gold it produces for Petro, the highly controversial national digital currency. In statements shared with… Read More

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