Wednesday 29 July 2015
 
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Supply

Oil prices to further fall due to oversupply

Oil prices are set to come under further pressure from easing global demand and an expanding glut of crude while a rebalancing of the markets may last well into next year, the West's Energy watchdog said on Friday. The Interna

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Asia oil refining margins hit 2015 low, Mideast supply to drag

Rallying oil refining margins have ground to a halt in Asia. Currently at a 2015 low, they could drop another 20-30 per cent this quarter, led by declining profits in diesel as supply from the Middle East adds to a global glut. &n

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Zitron nets Iran metro supply contract

Zitron, a leading manufacturer of mining and tunnelling ventilation fans in Spain, has won a contract to supply 50 ventilation fans for a major metro project in Iran, said a report. As per the deal, Zitron will deliver these fans

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ICL signs big India potash supply deals

ICL, a global manufacturer of products that fulfill essential needs in the agriculture, processed food and engineered materials markets, said it has won contracts for the supply of 835,000 metric tonnes of potash to companies in India.

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Bapco holds gas supply-demand talks

Bahrain Petroleum Company (Bapco) has announced that it organised the annual gas supply-demand summer meeting to closely and effectively co-ordinate the projected gas consumption during the peak season. The company said it organis

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Opec says oil market oversupply to ease, but raises output again

Opec voiced confidence that excess supply in the oil market will ease as demand picks up and supply growth slows from producers outside the group, an indication its strategy of letting prices fall, reaffirmed at a meeting last week, is working

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Opec says oil market oversupply to ease, but raises output again

Opec voiced confidence that excess supply in the oil market will ease as demand picks up and supply growth slows from producers outside the group, an indication its strategy of letting prices fall, reaffirmed at a meeting last week, is working

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Tabreed supplies chilled water to Abu Dhabi tower

National Central Cooling Company (Tabreed), a leading Abu Dhabi-based district cooling utility company, has commenced the supply of chilled water to the Al Hilal Bank tower on Abu Dhabi’s Al Maryah Island. Tabreed, which acq

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Oil steadies below $67 as global glut builds

Brent crude oil steadied below $67 a barrel on Friday after reports that a growing supply glut is boosting inventories worldwide. Oil futures have rallied strongly since January after collapsing last year but analysts say the rebo

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‘Future of energy supply’ in focus at Dubai Shell event

More than 120 delegates convened at a Dubai conference to address the interconnected challenges of economic development, energy and climate change that affect the widespread acceleration and adoption of sustainable development and clean energy.

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