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Oman’s trade surplus hits $3.64bn till Sept 2017Oman’s trade balance recorded a surplus of RO1.402 billion ($3.648 billion) by the end of September 2017 compared with RO944.3 million ($2.455 billion) during the same period in 2016, according to data released by the National Centre for S More… |
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Centara to support surplus food recycling programmeCentara Hotels & Resorts, Thailand’s largest hotel operator, will participate in an innovative new charity operation that collects and distributes surplus food to benefit people in need, starting this August. The operati More… |
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Iran plans to export surplus wheat to regional marketsIran is expecting a surplus in wheat production this year and plans to release the grain in regional markets, said the top national body in charge of ensuring food security. The Iranian government has already purchased more wheat More… |
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Outlook for oil brightens; disruptions erode surplusUnplanned disruptions to oil output could help run down a global overhang of unused crude this year, while demand will profit from growing gasoline consumption particularly in India and China, the International Energy Agency said on Thursday. More… |
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Opec sees lower oil demand in 2016 on excess supplyOpec on Monday predicted global demand for its crude oil will be less than previously thought in 2016 as supply from rivals proves more resilient to low prices, increasing the excess supply on the market this year. Demand for Opec More… |
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Opec points to larger surplus in 2016 as it pumps moreThe Organization of the Petroleum Exporting Countries (Opec) pointed to a larger oil supply surplus on the world market this year than previously thought as Saudi Arabia and other members pump more oil, making up for losses in non-member produ More… |
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Opec points to larger 2016 oil supply surplusOpec pumped more oil in November than in any month since late 2008 and forecast little increase in demand for its crude next year, pointing to a larger supply surplus even as low prices hurt rival producers. Th More… |
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India to bring in rules to make mills export sugar stocksIndia is likely to bring in rules to make it compulsory for sugar mills to export millions of tonnes of surplus supplies to support local prices, sources said, in a move that could quell growing anger among farmers but add to a glut on global ma More… |
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Oman swings to $1.4bn Q1 budget deficitOman posted a budget deficit of OR544.6 million ($1.41 billion) in the first three months of this year, swinging from a OR215.4 million surplus a year earlier, provisional finance ministry data showed on Tuesday. More… |
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Opec oil giants pump record 2m bpd in Q1The world's biggest oil exporters in Opec are pumping almost two million barrels per day (bpd) more crude than required, the highest surplus for at least a decade, data from Reuters, top forecasters and energy agencies shows. More… |
