Oil tanker goes missing in Strait of Hormuz
A Panama-flagged oil tanker based in the United Arab Emirates appeared to switch off its transponder in the Strait of Hormuz on Saturday and has not been heard from since,…
Business
China to ease limits on foreign investment in oil and gas
China is reforming key industries to allow for greater foreign investment, according to state media. Xinhua reported the National Development and Reform Commission of the People’s Republic of China said…
Ford to cut 12,000 jobs in Europe
Ford Motor Co. will cut some 12,000 jobs in Europe as part of a restructuring plan to sell six of its plants there, the automaker announced Thursday. With a global…
Aldi recalls flour after e.coli outbreak
Aldi grocer chain and Archer Daniels Midland food producer on Saturday issued a joint recall for the Bakers Corner All Purpose Flour sold at stores in 11 states after 17…
10 indicted in multinational cyber plot to steal $100 million
Europol announced Thursday a multinational law enforcement operation that dismantled an effort by cybercriminals to steal roughly $100 million from more than 41,000 victims. A federal grand jury in Pittsburgh…
Hackers steal $41M in bitcoin from world’s largest cryptocurrency exchange
Hackers have stolen more than $40 million worth of bitcoin from the world’s largest cryptocurrency exchange, officials said. The Binance exchange said it discovered the breach Tuesday, and learned hackers…
Bitcoin entrepreneurs to gather in North Korea, group says
North Korea is hosting a conference on blockchain and cryptocurrency in Pyongyang, a Spain-based organization said Wednesday. The Korean Friendship Association, a group with representatives in Europe and Latin America,…
Oil prices on track to see one of best quarters in decade
Crude oil prices were on the rise early Friday, not only on their way to close higher for the day but also to lock in what an analyst described as…
Supply concerns drive oil prices up after four days of losses
Crude oil prices were higher early Tuesday for the first time in four days, rebounding amid renewed concern on supply issues such as Saudi Arabian crude oil cuts. West Texas…
Aramco aims for world-scale petrochemical advances
Saudi Arabia’s Aramco has put together a small army of researchers and is aiming for world-scale technology breakthroughs in the petrochemical industry as part of the company’s efforts to diversify…
