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Oil tankers in limbo as Venezuela's PDVSA cannot pay BP - sources

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4 tankers rollover 2 million barrels of U.S. crude are stuck at sea and cannot discharge at a Caribbean terminal because Venezuela's PDVSA has actually not yet paid provider BP Plc (BP. L), according to 2 sources and Thomson Reuters vessel tracking information.The freights belong to a tender Petroleos de Venezuela [PDVSA.UL], called PDVSA, awarded in March to BP and China Oil. The offer was to import some 8 million barrels of West Texas Intermediate (WTI) crude so Venezuela could dilute its extra heavy crudes and feed its Caribbean refineries. While 3 freights for this tender were delivered in April, 7 other vessels.

London Workshop Explores Blockchain Identity in Finance

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The Identity & KYC conference in London hosted a workshop on utilizing blockchain innovation to enhance know-your-customer procedures previously today.Led by blockchain compliance specialist Si n Jones, the workshop was participated in by a group drawn from banks, financial institutions, startups and regulators.The group went over a number of challenges faced by banks and banks when it pertains to identity, and whether the blockchain can help solve these problems. The frustrating consensus was that although the blockchain is extremely promising, it has numerous real-world constraints around identityThe conversation was exploratory in nature.

iTunes Gift Card Scams Are Flourishing

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iTunes gift cards have actually ended up being a common tool for online scammers to www.ultimatemerchantproviders.com wring money out of victims, according to new cautions from Apple and U.S. federal authorities.One firm received a deluge of complaints during a current weekend, consisting of word from one victim who lost $31,000 in a current iTunes payment fraud, according to the Federal Trade Commission.The agency stated the issue has actually grown so bad that Apple recently published a notification on its present card page:" iTunes Gift Cards are exclusively for the purchase of items and services on the iTunes Store and App Store.

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