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Oil at 2008 low amid global glut, new supply worriesBrent crude prices fell on Monday to their lowest since 2008 on renewed worries over a global oil glut, with production around the world remaining at or near record highs and new supplies looming from Iran and the United States. B More… |
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US lifts 40-year ban on oil exportsThe US Congress voted on Friday to repeal the 40-year-old ban on exporting US crude oil in an energy policy shift sought by Republicans as part of a bipartisan deal that also provided unprecedented tax incentives for wind and solar power. More… |
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US exports to UAE hit $12bnThe US goods exports to the UAE surged a record 237 per cent from $3.6 billion in 2002 to $12.1 billion in 2009 despite the global crisis, said a report. The bilateral trade between the remained robust with the US goods trade surplus reach More… |
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US exports to Arab states 'set to hit $75bn'US exports to Arab countries in the Middle East and North Africa are forecast to grow almost 20 percent this year to a record $75 billion, fuelled by big infrastructure projects and resurgent consumer demand, according to a new private sector repo More… |
China uncovers 'worms' in US goodsChina has found microscopic worms in wooden packaging from the United States and uncovered substandard US vitamin pills and fish oil for children, Chinese media said on Friday. China has highlighted several quality concerns with US product More… |
