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3232Economists Expect the Fed to Reveal Another 25bps Rate Hike Before Pausing for the Rest of 2023
https://www.digit.info/economists-expect-the-fed-to-reveal-another-25bps-rate-hike-before-pausing-for-the-rest-of-2023/
Mon, 10 Apr 2023 17:15:03 +0000https://www.digit.info/2023/04/10/economists-expect-the-fed-to-reveal-another-25bps-rate-hike-before-pausing-for-the-rest-of-2023/Read more]]>After the March rate hike by the Federal Reserve, economists believe that the recent move by Saudi Arabia and several members of the Organization of the Petroleum Exporting Countries (OPEC) to cut oil production could complicate the central bank’s mission. Additionally, the majority of the market is pricing in another 0.25% increase for the May […]
]]>Saudi Arabia Strengthens Bond With China by Joining SCO Bloc as Dialogue Partner
https://www.digit.info/saudi-arabia-strengthens-bond-with-china-by-joining-sco-bloc-as-dialogue-partner/
Sat, 08 Apr 2023 17:30:14 +0000https://www.digit.info/2023/04/08/saudi-arabia-strengthens-bond-with-china-by-joining-sco-bloc-as-dialogue-partner/Read more]]>China’s relationship with Saudi Arabia is growing as the country’s Cabinet has agreed to join the Shanghai Cooperation Organization (SCO). The diplomatic move made by the kingdom began with a memorandum of understanding in September, and at the end of March, Saudi Arabia’s Cabinet approved the decision to become a dialogue partner. The Cabinet’s decision […]
]]>Yellen Says US ‘Not Willing to Allow Contagious Bank Runs,’ Calls OPEC Oil Production Cut ‘Unconstructive’
https://www.digit.info/yellen-says-us-not-willing-to-allow-contagious-bank-runs-calls-opec-oil-production-cut-unconstructive/
Wed, 05 Apr 2023 23:30:54 +0000https://www.digit.info/2023/04/05/yellen-says-us-not-willing-to-allow-contagious-bank-runs-calls-opec-oil-production-cut-unconstructive/Read more]]>Roughly 26 days ago and in the following days, the U.S. witnessed two significant bank failures when Silicon Valley Bank and Signature Bank collapsed. After speaking at an event on Monday at Yale University, Janet Yellen, the current U.S. Treasury secretary, told reporters that she was closely monitoring the banking industry. Yellen insisted that “matters […]
]]>US-Saudi Tensions Escalate as Report Says Crown Prince Is No Longer Interested in Pleasing the United States
https://www.digit.info/us-saudi-tensions-escalate-as-report-says-crown-prince-is-no-longer-interested-in-pleasing-the-united-states/
Tue, 04 Apr 2023 19:30:46 +0000https://www.digit.info/2023/04/04/us-saudi-tensions-escalate-as-report-says-crown-prince-is-no-longer-interested-in-pleasing-the-united-states/Read more]]>After Saudi Arabia and members of the Organization of the Petroleum Exporting Countries (OPEC) surprised the world by announcing cuts to oil production, a spokesperson for U.S. president Biden’s National Security Council stated that reducing production is not advisable. According to a recent report, Saudi Arabia’s crown prince Mohammed bin Salman has told associates that […]
]]>Saudi Arabia and OPEC Reveal Surprise Oil Production Cut; White House Insists Cuts Aren’t Advisable Right Now
https://www.digit.info/saudi-arabia-and-opec-reveal-surprise-oil-production-cut-white-house-insists-cuts-arent-advisable-right-now/
Mon, 03 Apr 2023 02:30:08 +0000https://www.digit.info/2023/04/03/saudi-arabia-and-opec-reveal-surprise-oil-production-cut-white-house-insists-cuts-arent-advisable-right-now/Read more]]>On Sunday, Saudi Arabia and several major oil producers announced their plan to cut oil production by 1.15 million barrels per day, starting in May and continuing until the end of 2023. According to the Saudi Energy Ministry, the move was coordinated with some members of the Organization of the Petroleum Exporting Countries (OPEC) and […]
]]>Crypto Farms Mining at Russian Oil Fields Reach 85 MW of Capacity, Analysts Say
https://www.digit.info/crypto-farms-mining-at-russian-oil-fields-reach-85-mw-of-capacity-analysts-say/
Wed, 31 Aug 2022 06:30:00 +0000https://www.digit.info/2022/08/31/crypto-farms-mining-at-russian-oil-fields-reach-85-mw-of-capacity-analysts-say/Read more]]>Farms mining cryptocurrency at oil wells in Russia account for 85 megawatts (MW) of energy capacity, experts have estimated. Investors are considering projects for another 200 MW despite constraints stemming from Western sanctions, a report reveals. Annual Income From Crypto Mining With Associated Gas in Russia to Exceed One Billion Rubles Data centers mining cryptocurrencies […]
]]>Russian Oil Companies Propose to Mine Cryptocurrencies at Their Wells
https://www.digit.info/russian-oil-companies-propose-to-mine-cryptocurrencies-at-their-wells/
Fri, 22 Oct 2021 06:30:28 +0000https://www.digit.info/2021/10/22/russian-oil-companies-propose-to-mine-cryptocurrencies-at-their-wells/Read more]]>Companies involved in oil production in Russia have come up with a project to organize the mining of cryptocurrencies right next to the oil fields they are exploiting. Data centers devoted to coin minting can be powered by the excess gas released during oil extraction which would otherwise be wasted. Ministries and Central Bank Review […]
After the March rate hike by the Federal Reserve, economists believe that the recent move by Saudi Arabia and several members of the Organization of the Petroleum Exporting Countries (OPEC) to cut oil production could complicate the central bank’s mission. Additionally, the majority of the market is pricing in another 0.25% increase for the May […]
China’s relationship with Saudi Arabia is growing as the country’s Cabinet has agreed to join the Shanghai Cooperation Organization (SCO). The diplomatic move made by the kingdom began with a memorandum of understanding in September, and at the end of March, Saudi Arabia’s Cabinet approved the decision to become a dialogue partner. The Cabinet’s decision […]
Roughly 26 days ago and in the following days, the U.S. witnessed two significant bank failures when Silicon Valley Bank and Signature Bank collapsed. After speaking at an event on Monday at Yale University, Janet Yellen, the current U.S. Treasury secretary, told reporters that she was closely monitoring the banking industry. Yellen insisted that “matters […]
After Saudi Arabia and members of the Organization of the Petroleum Exporting Countries (OPEC) surprised the world by announcing cuts to oil production, a spokesperson for U.S. president Biden’s National Security Council stated that reducing production is not advisable. According to a recent report, Saudi Arabia’s crown prince Mohammed bin Salman has told associates that […]
On Sunday, Saudi Arabia and several major oil producers announced their plan to cut oil production by 1.15 million barrels per day, starting in May and continuing until the end of 2023. According to the Saudi Energy Ministry, the move was coordinated with some members of the Organization of the Petroleum Exporting Countries (OPEC) and […]
Farms mining cryptocurrency at oil wells in Russia account for 85 megawatts (MW) of energy capacity, experts have estimated. Investors are considering projects for another 200 MW despite constraints stemming from Western sanctions, a report reveals. Annual Income From Crypto Mining With Associated Gas in Russia to Exceed One Billion Rubles Data centers mining cryptocurrencies […]
Companies involved in oil production in Russia have come up with a project to organize the mining of cryptocurrencies right next to the oil fields they are exploiting. Data centers devoted to coin minting can be powered by the excess gas released during oil extraction which would otherwise be wasted. Ministries and Central Bank Review […]