Weak demand, combined with more than enough oil production, caused the Brent oil price to drop below $100 per barrel (bbl), the lowest level in 14 months, according to a report.
Iraqi Kurdistan increased oil production and Libya a
Its boom time for cleaning companies in the UAE who are witnessing a solid demand for their services, thanks to a drop in the number of full-time maids flying into the country, said a report.
Unable to sponsor a full-time housemai
Brent crude oil fell towards $104 a barrel as a contraction in the German economy underscored sluggish demand in Europe while supply remained strong despite conflict in key exporting countries, Iraq and Libya.
Germany's economy shra
The Middle East carriers’ passenger demand jumped 10.8 per cent in June, the largest increase for any region, according to the International Air Transport Association's (Iata) June report.
It reflects the continued stren
The fundamentals of supply and demand are causing concern, with increased consumption in emerging market, climate change and natural disasters affecting supply, while urbanisation in emerging markets lead to a de
US aircraft maker Boeing projects a demand for 36,770 new airplanes over the next 20 years, up 4.2 per cent from last year’s forecast.
The company released its annual Current Market Outlook (CMO) today in London, estimating
The robust global demand being spearheaded by Asian major China is likely to keep liquefied natural gas (LNG) prices high over the next few years, according to a report.
Demand is growing both as a result of strong Asian economic
Iran has told six big powers it would not accept their "excessive demands" after the latest talks on lifting sanctions against Tehran in exchange for curbs on its nuclear work yielded no breakthrough, with a deadline for a deal just a