Brent crude dropped to a two-year low below $97 a barrel on Thursday, falling for a sixth straight session as worries over mounting supply and weak demand outweighed concerns that conflicts in the Middle East could curb oil production.
A majority (70 per cent) of airline CFOs and heads of cargo expect profits and air transport volumes to improve over the coming 12 months while input costs and yields remain stable, a report said.
With respect to recent past perfo
The world will require all forms of energy over the next quarter century to meet a greater than one-third increase in demand that will be driven by population growth, improved living standards and expanded urbanization, a report said.
Seventy-three per cent of airline CFOs and cargo heads surveyed in April said they expect an increase in profits over the next 12 months as against a proportion of 56 per cent in January, a report said.
Respondents were also more
Nuclear power plants in the Middle East need to satisfy the growth in electricity demand that is projected at 25 per cent per annum between 2010 and 2015, said a report.
Although the increase will be primarily met with natural gas, the ava
High prices are holding back oil demand growth and threaten economic recovery in the West, the International Energy Agency said on Thursday, meaning lofty crude prices could continue to topple.
The energy advisor to industrialized nations