Sunday 20 April 2014
 
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demand

Opec raises forecast for 2014 global oil demand

World oil demand will increase more than expected in 2014, Opec said on Wednesday, raising its prediction for a second straight month as economic growth picks up in Europe and the United States.   The Organizatio

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Global asphalt demand hits new high

World demand for asphalt is projected to rise 3.6 per cent annually through 2017 from a weak 2012 base to 121 million metric tons (734 million barrels), said a report. Mature asphalt markets in developed nations, which declined be

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Crude prices to soften by mid-2014: Kuwait

Crude oil prices could soften by mid-2014 due to some weakness in demand, Nizar Al-Adsani, chief executive of state-owned Kuwait Petroleum Corp (KPC), told reporters on Monday. "Prices are still healthy above $100. Demand is

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Industrial facility rents up in Abu Dhabi

The average rents for light industrial facilities across the main Abu Dhabi areas rose off the back of strong demand during 2013, said a report. Rental values in Mussafah and Industry City Abu Dhabi rose 5 per cent and 10 per cent

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Qatar electricity demand to rise by 10pc

The electricity demand in Qatar will increase by 10 per cent annually over the next five years, said Qatar General Electricity and Water Corporation (Kahramaa). While Qatar is the world’s largest exporter of LNG and one of t

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India takes shine off world gold sales

Gold demand fell 21 percent in the third quarter as outflows from physical bullion funds and a drop in buying from major consumer India offset firmer jewellery, coin and bar sales, an industry report showed. Gold consumption fell

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Power demand up 9.4pc in Abu Dhabi

Power demand has increased on an average by 9.4 per cent per annum in Abu Dhabi during the last five years as a result of new developments and increase in population, said a senior official. Saeed Nassouri, technical advisor, Abu

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Brent rises towards $106 after US data

Brent futures rose towards $106 a barrel on Wednesday after investors in Asia latched on to a fall in US oil product inventories, which revived hopes of an improvement in US demand and helped crude recover from a steep fall overnight.

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QNB raises $1.5bn from two-part bond sale

Qatar National Bank (QNB), the largest listed lender in the Gulf, said it raised $1.5 billion from a two-part bond sale, underscoring investor demand for debt offerings from top-tier names in the region. QNB, part-owned by the Gul

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Millennials 'care more about sustainablity'

Christina Marule owns a spaza shop - the equivalent of a corner store - in rural South Africa. Five years ago she was forced to keep her young son out of school while she travelled to the nearest market, a half day's trip away, to purchase p

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