Tuesday 25 September 2018

Brent crude oil price forecasted to hit $80 in 2019

Bank of America Merrill Lynch (BofAML) has lifted its average Brent crude oil price forecast for 2019 from $75 per barrel (/bbl) to $80/bbl compared to a Cal19 forward of $75, BofAML said in a report.  “Note that our previous projections only embedded Iran supply losse


Saving time and money top reasons to use AI

Saving time and money are the top reasons why consumers would use artificial intelligence (AI), according to a recent survey by Gartner, a global leading research and advisory company. “AI is among the technologies that consumers consider using for tangible and more ‘


New IMO regulations 'will impact oil export dynamics'

The new fuel oil regulations for the shipping industry set by the International Maritime Organisation (IMO) will have a major impact on shippers and Gulf producers of crude oil, says a new report from the Arab Petroleum Investments Corporation (Apicorp), the multilateral development bank focu


Flexible working ‘top benefit for working parents’

Parents will increasingly demand flexible working options from employers to enable them to spend more time with their family, according to new research from workspace provider Regus. The survey found that 85 per cent of working parents would forfeit other benefits to take up flex


Monetization of IIoT ‘a priority automation vendors’

By offering third-party-enabled Industrial Internet of Things (IIoT)-based solutions, industrial automation vendors have evolved to provide proprietary digital platforms via the Product-as-a-Service (PaaS) business model, a report said. The trend of digitalization in end-user ind


Myths about 5G technology adoption dismissed

While mobile network executives share a belief in the long-term potential of 5G, more than half (53 percent) see no near-term business case for the technology, according to a new study from management consulting firm Bain & Company. Network operators that do not move quickly


Insurers ready for new IFRS standards: KPMG report

Large insurers have stepped up their preparations for IFRS 17 and IFRS 9, but smaller insurers have fallen further behind in preparing, according to a new report from professional services firm KPMG International. Sixty-seven per cent of large insurers (with premiums over $10 bil


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