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China’s Iran crude imports to hit record high on new production

  BEIJING / Reuters China’s Iranian crude oil imports may rise to a record this year as state-owned oil firms lift more crude through their upstream investments while extending their current supply contracts, senior industry and trading sources said. Chinese firms were expected to lift between 3 million to 4 million barrels more Iranian oil each quarter in 2017 than ...

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Aramco raises oil pricing to Asia and US as OPEC reduces output

  Bloomberg Saudi Arabia raised pricing for February oil sales to Asia and increased premiums for light grades to the US as the world’s largest crude exporter prepares to reduce output to help counter a global oversupply. State-owned Saudi Arabian Oil Co., known as Saudi Aramco, increased its official pricing for Arab Light crude to Asia by 60 cents a ...

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Stores go smart with bots, interactive shelves

  Bloomberg Tomorrow’s stores want to take a page from their online rivals by embracing advanced technology — everything from helpful robots to interactive mirrors to shelves embedded with sensors. The goal: Use these real-world store features to lure shoppers back from the internet, and maybe even nudge them to spend more in the process. Amazon’s new experimental grocery store ...

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