Rallying oil refining margins have ground to a halt in Asia. Currently at a 2015 low, they could drop another 20-30 per cent this quarter, led by declining profits in diesel as supply from the Middle East adds to a global glut.
Asian imports of Iranian crude rose to the highest level this year in May, although buyers may have to curb any further increases if negotiators up against a deadline fail to reach a final deal on Tehran's disputed nuclear programme.
TeamQuest, a leader in IT capacity planning and management solutions, has officially entered the Asia Pacific market via Hong Kong and Singapore.
This marks a significant milestone for TeamQuest, as it seeks to fuel the region&rsq
A series of potentially state-sponsored cyberattacks targeting government and military organisations in countries throughout Southeast Asia was uncovered in a research by Palo Alto Networks, a leader in enterprise security.
Iraq increased its July official selling price (OSP) for Basra Light crude to Asia as expected, but a steeper than expected hike for Basra Heavy could weigh on the new grade.
Iraq set the July OSP for Basra Lig
Facebook rolled out a new Android app for its social media service that uses less data and runs faster in regions with spotty connections.
The app, called Facebook Lite, is available in countries across Asia and will soon make its
Saudi Aramco has raised its July price for its Arab Light grade for Asian customers by 60 cents a barrel versus June to set it at parity to the Oman/Dubai average, it said.
The company dropped its Arab Li
Asian consumption of gasoline and other fuels has beaten expectations due to demand stemming from structural changes in the economies of Asia's biggest oil users, vindicating for now Opec's decision six months ago to keep its taps open.
Direct flights from Bahrain to five new destinations in Southern and Eastern Asia could soon be established, it has been revealed.
Bahrain Airport Company chief executive Mohamed Yousif Al Binfalah told the Gulf Daily News (GD
Swiss luxury watch manufacturer IWC Schaffhausen and its partner in Bahrain, Asia Jewellers, are jointly hosting an exhibition of the Portofino Midsize collection in Bahrain’s Moda Mall.
The seven-day travelling exhibition,