Crude oil prices jumped to fresh 2015 peaks, turning higher on news that a tribal group made up of former Al Qaeda militants took control of a major southern oil terminal in Yemen.
The terminal is one of the major hubs for the Had
Bahrain's top energy users have met the Electricity and Water Authority (EWA) to discuss managing electrical load during peak times.
Demand this summer is expected to peak at 3,200 megawatts between 1pm and
Inflation in Saudi Arabia may accelerate further in the coming months, after hitting a one-year high of 5.4 per cent year-on-year in May on rents and food prices, economists said on Monday.
Price pressures are seen rising again this year a
The economic cycle has reached its peak following a strong first quarter and there will soon be fewer positive surprises, said Bank Sarasin in its latest economic outlook.
'In the second half of 2009 and the first quarter of 2010 the g
When summer temperatures soar and power stations work at full capacity, gas supplies in the the UAE are around 20 per cent below demand, an energy official said.
Record oil revenues have fuelled an economic boom in the region, and the UAE