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World cereal production to rise 6.5pcWorld cereal production is expected to rise 6.5 percent in 2013/14 to reach a record 2.46 billion tonnes, mainly due to higher wheat output and a rebound in maize production in the United States, the United Natio More… |
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Saudi oil output rises to 9.6m bpd in MaySaudi Arabia produced 9.6 million barrels per day (bpd) of oil in May, up from 9.3 million bpd in April, an industry source said on Friday. The source did not give a reason for the increase but Saudi Arabia typically raises output More… |
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Opec to keep output target unchangedOrganization of the Petroleum Exporting Countries (Opec) oil ministers agreed at their meeting to keep the group's oil output target unchanged for the rest of this year, a delegate at the meeting said. The group will meet agai More… |
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Aramco output hits record high in 2012Saudi Arabia's state-owned oil giant says production reached record level last year as global demand surged and international sanctions sharply trimmed output from rival Iran. The oil production rose to 3.479 billion barrels in 2012 More… |
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Saudi 'happy' with current oil market situationSaudi Arabia considers the current oil market situation to be "great", its oil minister, Ali al-Naimi, said as he arrived in Vienna for a meeting of the Organization of the Petroleum Exporting Countries (Opec). "Let More… |
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Top Egypt dairy in production unit expansionDina Farms, Egypt’s largest dairy producer and a key supplier of fresh produce to both local and regional markets, said it has completed the expansion of its dairy production facilities. Dina is a portfolio company of Gozour More… |
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Alba Q1 net income surges 89pcAluminium Bahrain (Alba), ranked as one of the largest aluminium smelters in the world, has registered a net income of $108 million for the first quarter, up 89 per cent year-on-year compared to $57 million in 2012 More… |
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Petrobras Q1 profit plunges 17pc, imports soarState-controlled oil company Petroleo Brasileiro (Petrobras) has registered a 17 per cent drop in its first-quarter profit as oil-output fell, imports soared and fuel subsidies ate up cash needed for investment. While the re More… |
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Gulf Opec members not to trim outputThe Gulf oil producers in the Organization of the Petroleum Exporting Countries (Opec) do not see the need to change production levels to support crude prices, said the delegates after benchmark Brent touched nine-month lows on Friday. More… |
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PolyOne opens specialty colorant unit in SaudiPolyOne Corporation, a global provider of specialized polymer materials, services and solutions, joined its Saudi venture partner EA Juffali & Brothers Limited, to open their production facility in Jeddah. Juffali PolyOne Mast More… |
