SAN DIEGO, Dec. 10, 2019 (GLOBE NEWSWIRE) -- In the latest installment of Ziyen Energy’s Podcast, BOOM! It’s on the Blockchain, ZYEN Chairman, David Greenberg, discusses the complex matrix that makes up the global oil market, Saudi Arabia’s key role in OPEC, the Organization of the Petroleum Exporting Nations, in addition to the role renewable energy will play in the next ten years.
With the demand for oil reaching 92 million barrels a day, and Saudi Arabia and OPEC capable of supplying approximately 40 percent of this demand, it has meant Saudi Arabia has dominated the market space. However, this is changing with the increase in domestic production in the US. David also discussed the recent drone attacks in Saudi Arabia and how in the past would have disrupted the entire global market, yet, luckily disrupted only 5% of the oil market.
This is largely due to the rise in the output of domestic crude which has increased by 150% and gas output increasing 60%. Oil, however, is more easily transportable and sold on a larger and broader scale on the international market with linked prices. However, it is important to remember that for oil consuming nations, events such as the drone attacks can have far-reaching effects on their supply.
Lastly, David discusses the opportunity for the ZYEN Energy Trading Platform. Where we have collaborated and created a method for tokenizing the financial assets of oil and energy projects on the blockchain.
Alastair Caithness, Ziyen Energy CEO, added:
"Our new ZYEN Energy Trading Platform will create liquidity for the market space, and this will not only benefit the companies, it will also greatly benefit all the investors who hold royalties, overrides and working interests by providing a market space to trade their tokens. It is simply another avenue for investors to invest in oil and energy projects, and for small energy companies with a new way to raise capital that will allow them to fund projects and grow at a much more rapid rate."
Learn more about Ziyen Energy and ZiyenCoin by reading our 2019 Ziyen Inc. Corporate Overview.
If you would like a copy of ZiyenCoin’s Security Token Offering (STO), email support@ziyen.com or visit www.ziyen.com for more information.
About Ziyen Energy:
Ziyen Energy. is a technology-driven energy company incorporated in the State of Wyoming, U.S.A. in April 2016. Originally formed as a software company providing information on the oil, gas, power and energy sectors, Ziyen specializes on business information, contracts, news and information by developing cutting edge procurement and supply chain software to provide clients with intelligence on industry specific government and private contracts. In addition, Ziyen Energy currently owns interests in oil assets based in Texas and the Illinois Basin, which covers Illinois, Indiana and Kentucky. The equity of Ziyen Energy has been tokenized and issued as ZiyenCoin which is offered for sale as a Security Token pursuant to SEC Rule 506(c) of Regulation D.
For more information visit www.ziyen.com
Forward Looking Statements:
Certain statements in this press release including, but not limited to, statements related to anticipated commencement of commercial production, targeted pricing, performance goals, and statements that otherwise relate to future periods are forward-looking statements. These statements involve risks and uncertainties, which are described in more detail in reports filed with the SEC. Forward-looking statements are made and based on information available to the company on the date of this press release. Ziyen Inc. assumes no obligation to update the information in this press release.
Contact:
Alastair Caithness
Media Relations
mediarelations@ziyen.com