Saturday 23 July 2016
 
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Huge stocks overhang threatens oil price recovery: IEA

The global glut in oil is refusing to ease and acts as a major dampener on crude prices despite robust demand growth and steep declines in non-Opec production, the International Energy Agency said.   The IEA, whi

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ME air freight demand climbs 3.2pc

Middle Eastern carriers saw air freight demand expand by 3.2 per cent and capacity rise 9.5 per cent in May 2016 compared to the same period last year, new data showed. Despite carriers in the region reporting the fastest growth i

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ME carriers drive global air traffic demand in May

Middle Eastern carriers registered the strongest year-over-year traffic growth with its capacity increasing 15.6 per cent in May compared to a year ago, according to data released by International Air Transport Association (IATA). The a

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Oil dips on economic concerns, demand woes

Crude prices dipped in early trading on Tuesday, with Brent falling back below $50 per barrel as economic concerns took center stage with many analysts saying oil demand will stall later this year. International benchmark Brent cr

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Boeing boss says commercial jet demand strengthening

Demand for passenger jets is strengthening, Boeing Co chief Dennis Muilenbeurg was quoted as saying on Thursday in an interview with French newspaper Le Figaro. "In commercial aviation, demand is not dipping, on the contrary,

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Riyadh sees demand for apartment, villas

The demand for apartments and small-sized villas in Riyadh, Saudi Arabia, remained robust in 2015, but the sale prices of apartments and villas were subdued, said a report. The waiting period in residential compounds ranged betwee

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Oil demand boosted as global refinery capacity to reach record

Oil demand is set to surge in the short-term as refining capacity hits a record, yet the gains may not hold as a flood of fuel gluts the market, eroding profit margins and eventually forcing refiners to cut runs and crude orders.

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Oil falls on stronger dollar; high refinery demand lends support

Oil prices fell on Friday, as a stronger dollar pulled crude off the 2016 highs hit this week, although strong refinery demand and global supply disruptions lent some support. International Brent crude oil futures were trading at

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The latest oil bet: from too much to too little

Oil investors are finally buying into the notion that the biggest risk to the price now is likely to be supply falling short of demand, rather than from any stubborn overhang of unwanted crude, the options market shows. The price

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IEA sees slower global gas demand growth to 2021

Growth in natural gas demand will slow to an average 1.5 percent a year globally through 2021, as stagnation in Europe and uncertainty about Chinese consumption offsets robust growth in India, the International Energy Agency (IEA) said on Wednes

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