The US government jacked up its forecast for oil production next year by 250,000 barrels per day (bpd) as the boom in shale oil drilling continues to confound expectations of slower growth.
The US Energy Inform
Iraq has enough wheat to last until March despite Islamic State militants taking over large areas of fertile land in the north, the head of the country's main grain-importing organisation told Reuters on Thursday.
Global oilfield services (OFS) expenditure is forecast to increase 47 per cent from $354 billion in thi year to $521 billion in 2018, according to Douglas-Westwood’s (DW) new World Oilfield Services Market Forecast.
World oil demand will increase more than expected in 2014, Opec said on Wednesday, raising its prediction for a second straight month as economic growth picks up in Europe and the United States.
Dubai is expected to outperform the UAE GDP with growth forecasts of four to five per cent, buoyed by strong performance of the core sectors of tourism, manufacturing and retail trade, said a report.
Business confidence in the UAE
Apple sold 9 million new iPhones during their first three days in stores after China joined the list of launch countries for the first time, prompting the company to issue a rosier financial forecast.
Shares in the company closed
Global food prices fell in August for the fourth month running, according to the United Nations' food agency which again raised its 2013/14 forecast for grain production.
The Food and Agriculture Organisation (FAO) said on Thu
Saudi Arabia's Savola Group expects third-quarter earnings to decline against last year despite posting a 13.6 percent rise in second-quarter net profit thanks to increased market share in the kingdom's retail sector.
The World Trade Organization slashed its forecast for trade growth in 2013 on Wednesday, saying it feared protectionism was on the increase.
It cut its forecast for global trade growth in 2013 to 3.3 percent from 4.5 percent and s