Wednesday 3 September 2014
 
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demand

Brent price drops to lowest in 14 months

Weak demand, combined with more than enough oil production, caused the Brent oil price to drop below $100 per barrel (bbl), the lowest level in 14 months, according to a report. Iraqi Kurdistan increased oil production and Libya a

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UAE cleaning firms in hot demand

Its boom time for cleaning companies in the UAE who are witnessing a solid demand for their services, thanks to a drop in the number of full-time maids flying into the country, said a report. Unable to sponsor a full-time housemai

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Oil dips toward $104 on steady supply

Brent crude oil fell towards $104 a barrel as a contraction in the German economy underscored sluggish demand in Europe while supply remained strong despite conflict in key exporting countries, Iraq and Libya. Germany's economy shra

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Mideast carriers' passenger demand up 10pc

The Middle East carriers’ passenger demand jumped 10.8 per cent in June, the largest increase for any region, according to the International Air Transport Association's (Iata) June report. It reflects the continued stren

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Supply, demand shift ‘largest risk to farm sector’

The fundamentals of supply and demand are causing concern, with increased consumption in emerging market, climate change and natural disasters affecting supply, while urbanisation in emerging markets lead to a de

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Petchem prices 'may rise in next 3 years'

The global outlook for petrochemical demand over the next three years is positive and there is room for prices to rise, the chief executive of Saudi Basic Industries Corp (Sabic) said on Sunday.

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Boeing sees 36,770 new plane orders in 20 years

US aircraft maker Boeing projects a demand for 36,770 new airplanes over the next 20 years, up 4.2 per cent from last year’s forecast. The company released its annual Current Market Outlook (CMO) today in London, estimating

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Gulf Air adds more flights to Beirut, Amman

Gulf Air is introducing additional flights to Beirut, Amman and Bangkok from July 25 to cope with increased demand in summer.   The summer schedule for Amman will be effectiv

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LNG prices to hit new high on global demand

The robust global demand being spearheaded by Asian major China is likely to keep liquefied natural gas (LNG) prices high over the next few years, according to a report. Demand is growing both as a result of strong Asian economic

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Iran rejects 'excessive demands' in nuclear talks

Iran has told six big powers it would not accept their "excessive demands" after the latest talks on lifting sanctions against Tehran in exchange for curbs on its nuclear work yielded no breakthrough, with a deadline for a deal just a

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