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Oil dips to worst weekly loss of year as trade war lingers

Bloomberg Oil limped to its worst weekly loss of the year as tensions lingered over how the trade feud between the world’s top economic super powers will hit demand. Futures in New York rebounded somewhat but still ended the week down 6.6 percent, the biggest decline since late December, after days of escalating rhetoric between China and the US. Chinese ...

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Oil and gas is intrinsic to industry 4.0: Adnoc CEO

ABU DHABI / WAM Adnoc is absorbing, embedding and applying cutting edge technology at every step of the production process from oil platforms to trading platforms, says Dr Sultan Al Jaber, CEO of Adnoc Group. “‘As we enter the Fourth Industrial Age, it is clear that this is an era defined by a transformation, not just of technology, but of ...

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Trump’s Huawei ban could backfire on US technology

Bloomberg The Trump administration widened its dragnet on Chinese companies barred from selling to the US or buying components from American firms in a push to slow China’s technological advances. After crippling Huawei Technologies Co, the administration followed up by threatening to cut off US compone- nts or software to five Chinese video surveillance firms. But the plan might backfire, ...

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