Oil Marketer

newsWelcome to Oil Marketer, the online site for all things related to the black stuff. Whether you are an investor with stock in an oil company or an end user interested in the current cost of crude, Oil Marketer is dedicated to providing the latest futures news and daily oil prices.

Oil Marketer was founded and is managed by an enthusiastic group of individuals with a strong interest in the world of oil. Our aim is to provide our readers with a site that will not only feature the latest oil news from around the globe but also be a source of information that will help our readers have a better understanding of the importance of oil on the world’s industry and economy.

News, information, interviews and predictions will all be featured so our dedicated readers can stay up-to-date with all the events occurring worldwide as well as on their own shores. Want to know about advances made in the oil refining process? How technology is affecting the oil industry as a whole? Oil Marketer has you covered with answers to those questions and so much more.

The oil industry is an exciting industry to be in and to have interest in. Oil Marketer is designed to meet the needs of engineers, executives and oil management personnel within the oil industry. The oil industry worldwide is changing at a fast-paced rate, with new technology affecting almost every aspect of the oil business and Oil Marketer wants you, our readers, to be the first to know about it as it happens, when it happens.

Oil Marketer knows how important it is for investors to protect their investments, and one way to do that is to keep a close eye on the market. As swings in the price of oil occurs the value of that investment changes. Knowing when to react to the changing stock market gives an investor an edge, and timely notification of oil price changes provides investors with the opportunity to make decisions based on the latest information. Oil Marketer’s aim is to be the go-to source for all oil industry information and news and to provide our readers with a reliable source to turn to when they need information, news, and the latest oil prices and futures news.

Oil Marketer provides you with up-to-date reliable news and information about all aspects of the oil industry, from the ground level up. The rest is up to you!

Bitcoin Comes to the Oil Market

bitcoinWhile the US dollar has long since been the preferred currency in the crude oil market those days may be coming to an end with a new Bitcoin crude oil market making its appearance. After strengthening its positions as a payment method in some of the best online casinos now bitcoin aims at the oil market. Many oil-producing nations still price their oil in US currency but the likes of Iran and Russia are making it clear that they intend to move away from that form of pricing. Iran has indicated strongly that it wants paid for its oil in Euros, and Russia’s President Putin has been strongly advocating that his country too should stop pricing its oil in US currency. This has put a strain on what is commonly referred to as the ‘petrodollar’ and may be heralding the beginning of its demise. Certainly the uneasy relationship between the leading oil-producing nation Saudi Arabia and the United States has only made things more unsettling for the future of the petrodollar.

For decades the United States and Saudi Arabia have had a mutually beneficial arrangement whereby the United States provides protection for the House of Saud and in return Saudi Arabia oil producers only use US currency to price their crude oil. With the currencies of Saudi Arabia and several other countries in the Gulf Cooperation Council (GCC) being fixed to the US dollar it has caused the US currency to be the world’s choice of reserve currency, but now that Saudi Arabia and the US’s relationship is becoming increasingly tense both parties may be reconsidering their previous agreement. The rift between the two countries can be at least partially attributed to the recent passing of the Justice against Sponsors of Terrorism Act (JASTA) bill in the Senate in 2016. The bill allows for family members of victims killed as a result of 9/11 terrorist attacks to sue Saudi officials if they are found to have been involved. []