Tuesday 27 September 2016
 
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Oil rises on smaller build in US crude stocks

Oil prices firmed on Wednesday after falling by as much as 3 per cent in the previous session, as data from an industry group showed a smaller-than-expected build in US crude stockpiles. The American Petroleum Institute (API) repo

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Oil prices rise, on track for seventh day of gains

Brent crude oil prices rose above $51 a barrel on Friday to hit an eight-week high and were on track to rise for a seventh trading day, as hopes that producers could agree measures to support crude buoyed sentiment. International

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Iraq June oil exports fall as domestic usage rises

Iraq's oil exports from the southern ports fell in June as domestic consumption rose due to demand for summer cooling, an official at the state-run South Oil Company said on Friday. Loadings from Iraq's southern oil termin

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Global demand for in-flight broadband hits new heights

Airline passengers now not only expect broadband services to be offered as standard during flights, but more than half would prefer in-flight connectivity to in-flight meals, a new survey has revealed. The In-Flight Connectivity S

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ArcelorMittal forecasts rise in steel demand

ArcelorMittal, the world's largest producer of steel, has forecast that the global demand for steel will stabilise as it reported improved quarterly results, said a report. The company said it expected global steel consumption

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ArcelorMittal forecasts rise in steel demand

ArcelorMittal, the world's largest producer of steel, has forecast that the global demand for steel will stabilise as it reported improved quarterly results, said a report. The company said it expected global steel consumption

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Rising oil prices throw lifeline to shale producers

Brent prices for 2017 ended trading above $50 per barrel on Wednesday for the first time since mid-December following the largest and most sustained rally in prices since the oil slump started. The average for the 12 futures contr

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Oil prices rise on optimism over end of punishing glut

Oil prices rose on Friday, lifted by fresh hopes over a proposed freeze in oil production and firm economic indicators from the US and Germany that cast a positive light on growth in fuel demand.   Russia's o

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Death toll in India flyover collapse rises to 23

The death toll in the collapse of a flyover under construction in the Indian city of Kolkata rose to 23, after rescuers worked through the night with cranes and jackhammers to clear huge slabs of steel and concrete.  

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Seas could rise higher than predicted, drenching coastal cities

Global seas could rise nearly twice as much as previous, widely accepted estimates, according to a study published on Thursday saying low-lying cities face possible disaster by the end of the century.   Sea level

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