Tuesday 30 June 2015
 
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Oil prices ease on higher shale output forecast

Oil futures prices dipped slightly in thin trade on Friday as forecast higher production by US shale oil producers this year added to lingering worries over demand. US July crude shed four cents to $60.41 a barrel as of 0302 GMT a

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Boeing lifts jet demand forecast by 3.5pc

Boeing Company boosted its 20-year forecast for aircraft demand by 3.5 per cent yesterday (June 10), predicting ‘strong and resilient’ growth as two out of every five newly built jets feed Asia’s booming travel market.

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Wearables market to hit $130bn

The $4 billion wearables market could increase from 20 million devices last year between 200 and 500 million devices by 2020, to reach $130 billion, according to a report. Several industry forecasts have pointed out that more than

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Qatar's Ooredoo expects revenue to fall this year

Qatar's Ooredoo forecasts its revenue will fall by as much as three per cent in 2015 and core earnings will drop by a similar margin, a presentation by the telecommunications operator on its website shows. Ooredoo, which has e

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Savola cuts first-quarter profit forecast by half

Savola Group, Saudi Arabia's largest food products company, slashed its first-quarter net profit forecast by about half and blamed weak retail sales and currency losses. Savola, one of the few Gulf companies to publicly disclo

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Abu Dhabi Ports forecasts 17pc general cargo growth

Abu Dhabi Ports has forecast a 17 per cent growth across all general cargo activities this year, following a record year in 2014. The firm met cargo owners and movers to discuss how to further improve efficiency in the movement of

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Shale oil to dominate Opec-Russia June talks

Russia has said that it would meet Opec in June to discuss the impact of shale oil on global markets, just days before the producers' group decides whether its policy of high production is sufficient to stifle the US energy boom.

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Shale oil to dominate Opec-Russia June talks

Russia has said that it would meet Opec in June to discuss the impact of shale oil on global markets, just days before the producers' group decides whether its policy of high production is sufficient to stifle the US energy boom.

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EIA raises 2015 US oil production forecast

The US Energy Information Administration revised upward its 2015 domestic oil production outlook, but lowered its 2016 forecast because it expects the slump in global prices to weigh on the country's shale boom next year. Expe

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EIA raises 2015 US oil production forecast

The US Energy Information Administration revised upward its 2015 domestic oil production outlook, but lowered its 2016 forecast because it expects the slump in global prices to weigh on the country's shale boom next year. Expe

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