Sunday 26 April 2015
 
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Iraq's oil output seen flat, 2016 a big challenge

Iraq's oil output in 2015 is likely to remain flat as Baghdad struggles to cope with a slump in crude prices that has slashed government revenue and forced the Opec producer to renegotiate its service contracts with oil majors.

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Iraq's oil output seen flat, 2016 a big challenge

Iraq's oil output in 2015 is likely to remain flat as Baghdad struggles to cope with a slump in crude prices that has slashed government revenue and forced the Opec producer to renegotiate its service contracts with oil majors.

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Emirates Steel alerts over imports hitting UAE market

Emirates Steel, the largest integrated steelmaker in the UAE, has warned of the effects of the flow in China’s and Turkey’s steel to the local markets, and called for protective actions to face the increasing competition and falling

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Oman Aluminium to double production by 2017

Oman Aluminium Rolling (OARC) plans to double production by 2017 with exports to the US, India and Italy, said the company’s chief commercial officer. Production at the $385-million OARC plant at the Sohar Industrial Estate

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Oman Aluminium to double production by 2017

Oman Aluminium Rolling (OARC) plans to double production by 2017 with exports to the US, India and Italy, said the company’s chief commercial officer. Production at the $385-million OARC plant at the Sohar Industrial Estate

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China's exports shrink 15pc in shock fall

China's export sales contracted 15 per cent in March while import shipments shrank for the third consecutive month, a shock outcome that deepens concern about sputtering Chinese economic growth. The tumble in exports - the wor

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Saudi non-oil exports down 19pc in Feb

Saudi Arabia's non-oil commodity exports amounted to SR14.207 billion ($3.785 billion) in February 2015, a decline of 19.9 per cent compared to the same period of 2014, government data said. The kingdom's non-oil imports r

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Iraq oil exports hit record 2.98m bpd in March

Iraq's oil exports rose in March to a record 2.98 million barrels per day (bpd) from 2.597 million bpd in the previous month, the oil ministry said in a statement on Wednesday. Exports from Iraq's southern terminals reache

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EU 'cannot maintain protection against China imports'

European fears of being forced to lower tariff defences against cheap Chinese imports have grown following a confidential warning from the EU's own lawyers, who say the bloc should not ignore changes to global trade rules set to favour Beiji

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Saudi may raise crude OSPs for second month in May

Top oil exporter Saudi Arabia is expected to raise prices for most grades it exports to Asia for a second straight month in May as firm refining margins supported demand in the region.   The Opec producer last mo

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