Friday 3 July 2015
 
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Oil prices rise after Opec keeps low output target

Oil prices rose on Friday, breaking a two-day losing streak, after Opec ministers maintained their existing oil production target for another six months at a level below current output. Speaking on his way out of Opec’s bian

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Saudi non-oil business activity hits 12-month low

Growth in Saudi Arabia's non-oil private sector slowed to a 12-month low in May as expansion of both output and new orders slackened, a survey of businesses showed on Wednesday. However, the non-oil business activity growth in the n

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PowerCell to supply fuel cell system for low-energy house

The Nordic leading fuel cell company PowerCell Sweden has won an order from H-O Enterprise to deliver a fuel cell system for a low-energy house in Gothenburg, Sweden. The project will be implemented in the fall of this year,

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Toshiba develops low power control technology

Toshiba Corporation has developed an innovative low power control technology for micro controllers supporting multi-sensor wearable devices. Applied to an activity monitoring application using the company’s TZ1001MBG mi

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Oil down for 2nd day but sharply off early loss

Oil prices fell for a second day on Thursday (February 19), after the US government reported another record high in crude inventories, but prices bounced sharply off session lows on relief the builds were less than an industry group had estimate

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Rolls-Royce says profits could fall 13pc this year

British engineer Rolls-Royce has warned profits this year could fall by as much as 13 per cent on top of an eight per cent drop last year, saying the low oil price had increased uncertainty for many of its markets and customers. T

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World food prices fall in January, unlikely to rally

World food prices are unlikely to rise much from their four-year slump as long as high production, low oil prices and limited import demand continue, a senior economist for the United Nations food agency said. The United Nations F

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Saudi housing projects to gain from low oil prices

Saudi Arabia’s Ministry of Housing projects are set to gain from lower oil prices leading to a decline of 25 per cent in costs incurred by customers, according to a report. Businessmen pointed out that service projects have

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Brent steady below $60, heads for 4th weekly decline

Brent crude held below $60 a barrel, near a 5-1/2-year low, on Friday as a global oversupply of oil showed little sign of receding, even as companies cut upstream investments next year. Oil prices were on track for a fourth straig

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Brent steady below $60, heads for 4th weekly decline

Brent crude held below $60 a barrel, near a 5-1/2-year low, on Friday as a global oversupply of oil showed little sign of receding, even as companies cut upstream investments next year. Oil prices were on track for a fourth straig

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