Chinese Energy Giant PetroChina Sets New Precedent with e-CNY Crude Oil Deal
In a historical first, PetroChina – a Chinese-state-owned oil and gas company – has officially completed its first international crude oil trade using the digital yuan (e-CNY). The Shanghai Petroleum and Natural Gas Exch...
The Shanghai Petroleum and Natural Gas Exchange (SHPGX) announced the transaction on Friday, confirming that PetroChina has bought 1 million barrels of oil. The identity of the seller and the exact yuan-based value of the deal were not disclosed, according to China Daily....
Read More: Chinese Energy Giant PetroChina Sets New Precedent with e-CNY Crude Oil Deal
Original source
Read on CryptonewsRelated market context
Iran and US agree on peace deal framework as crypto markets react to geopolitical shift
The peace framework could stabilize global markets, easing energy prices and boosting investor confidence, particularly in risk as...
US-Iran deal nearly finalized as mediators report progress, Bitcoin responds to geopolitical shifts
The US-Iran deal's progress could stabilize geopolitical tensions, impacting global oil markets and influencing cryptocurrency vol...
Carlos Domingo: The DTCC is repeating telecom’s mistakes, banks need the Clarity Act more than crypto, and stablecoins set the benchmark for tokenized assets | The Wolf Of All Streets
Financial institutions must choose between proprietary systems or embracing open blockchain technologies for future growth. The po...
Bitcoin nears $65K as Trump says Hormuz will 'open to all' in Sunday Iran peace deal
Bitcoin stayed near local highs on a new US-Iran peace deal pledge as analysis saw conditions favoring a sustained BTC price rebou...
Trump says Iran deal to be signed on Sunday as Bitcoin climbs above $63K
The potential Iran deal could stabilize geopolitical tensions, impacting global oil supply and influencing market dynamics, includ...
Iran and US expected to finalize ceasefire deal within 24 hours, Bitcoin rises on reduced geopolitical risk
A finalized ceasefire could stabilize Middle East tensions, potentially boosting global markets and easing oil supply constraints....