Monday 25 July 2016
 
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Oil falls to $49 on economic concerns, ample supply

Oil fell below $50 a barrel on Tuesday on concerns that a potential slowdown in economic growth could sap demand and persistent signs of abundant supply despite another militant attack on Nigeria's oil industry.  

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Oil extends gains after biggest quarterly advance since 2009

Oil rose after the biggest quarterly gain since 2009 as falling US supply added to speculation the global surplus is easing, said a report. Futures gained 0.6 per cent in New York, taking its advance for the week to 2 per cent. US

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Dubai adds 1,500 new hotel rooms, serviced apartments in Q1

Dubai's hospitality sector continued to expand its supply during the first quarter of the year, witnessing the addition of approximately 1,500 new hotel rooms and serviced apartments. Some of the most notable developments that

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Enoc honoured at CIPS award ceremony

Emirates National Oil Company (Enoc) has received three awards during the annual Chartered Institute of Procurement & Supply (CIPS) Supply Management awards ceremony held in Dubai recently.   The company was recognised as the &

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Enoc honoured at CIPS award ceremony

Emirates National Oil Company (Enoc) has received three awards during the annual Chartered Institute of Procurement & Supply (CIPS) Supply Management awards ceremony held in Dubai recently.   The company was recognised as the &

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Equate in key polyethylene supply milestone

Kuwait-based Equate Petrochemical Company had supplied more than 450,000 tonne of polyethylene to the country's leading plastic manufacturers in 17 years of its operation from 1998 to 2015, said its top official. Equate presid

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Ethical consumers key to cleaning up India's supply chain

Global retailers' efforts to clean supply chains of slave labour and improve labour conditions will have little impact unless consumers in India, Asia's third-largest economy, demand more ethically produced goods, industry experts said

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Dubai Supply Authority looks to buy 3 LNG cargoes

The Dubai Supply Authority has launched a tender to buy three liquefied natural gas (LNG) cargoes for delivery May through July, according to two trade sources.   The outcome of the tender is expected in the comi

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Mideast airlines' capacity up 16.9pc in February

Middle East carriers saw demand for international air travel jump 11.3 per cent in February compared to a year ago but this was exceeded, however, by a 16.9 per cent rise in capacity, said a report. This caused load factor to drop

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Qatargas in 4-year deal to supply LNG to Kuwait

Qatargas and Kuwait Petroleum Corporation (KPC) have signed a deal to supply half a million tonnes of liquefied natural gas (LNG) to Kuwait over the next four years, according to a report.   The LNG will be sourc

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