#oil

American AI company Groq partnered with Saudi oil producer Aramco to build an AI data center. This facility is anticipated to be a crucial technological hub for companies across the Middle East, Africa, and India.

Venezuela is stepping up its adoption of cryptocurrencies for fuel transactions in response to U.S. sanctions targeting the state-owned oil company PDVSA.

Chinese oil and gas giant PetroChina has achieved a historic milestone by completing the first international crude oil trade using China’s central bank digital currency (CBDC), the e-CNY.

According to Kaiko, BTC and ETH have recorded their lowest 90-day price volatility compared to oil in many years, a mark last reached in 2016. Right now, Bitcoin's volatility sits at 35%, Ethereum's at 37%, while oil's is higher at 41%. Experience tells us that after such periods of quiet , a significant move often follows. Judging by Bitcoin's recent dynamics, it appears such a shift might be kicking off.