Saturday 22 September 2018
 
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Vienna

Brent to average $70 in 2018: BofAML

While Brent crude oil price forecast for 2018 remains at $70 per barrel (/bbl), it is expected to touch $90/bbl in the second quarter of 2019 due to a tight balance throughout next year, said the Bank of America Merrill Lynch (BofAML) in a new r

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Saudia commences direct flights to Vienna

Flag carrier Saudi Arabian Airlines (Saudia) has officially relaunched direct flights to the Austrian capital city, Vienna. The new route will operate four-times-weekly from King Abdulaziz International Airport in Jeddah, with a s

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Opec, non-Opec pledge supply boost

Opec and non-Opec members said they would raise supply by returning to 100 per cent compliance with previously agreed output cuts, after months of underproduction, a media report said. This came in a statement issued at the end of

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Mena ‘needs $320bn spend in oil and gas sector’

The Mena region needs at least $320 billion in investment in the oil and gas sector over the next five years, said an industry expert, adding that the private sector can be an important partner in this effort. New investment model

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Saudia to commence direct flights to Vienna

Flag carrier Saudi Arabian Airlines (Saudia) has announced plans to restart flights to the Austrian capital city, Vienna, this June. adding a new route for the summer with direct flights to be launched from Jeddah and Riyadh to th

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Ryanair to buy major stake in Niki Lauda's airline

Ryanair has agreed to buy a 75 per cent stake in the new Austrian leisure airline Laudamotion, founded by former motor racing champion Niki Lauda, said a report. The Irish carrier will initially buy 24.9 per cent of Laudamotion an

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Plane forced to land over man's excessive flatulence

The pilot of a Dubai-Amsterdam flight was forced to make an emergency landing after a fight broke out over a passenger's flatulence problem, said a report. Transavia Airlines Flight HV6902 made an unscheduled stop in Vienna af

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Radisson Blu opens new hotel in Vienna

Radisson Blu, an iconic hotel brand, has announced the opening of its second hotel in Vienna, Austria. The modern 233-room Radisson Blu Park Royal Palace Hotel, Vienna, a rebranding of an existing hotel, opened its doors under a n

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Opec-non Opec deal 'much more than short-term fix'

The landmark ‘Declaration of Cooperation’ reached last year by the 14 member countries of Organisation of the Petroleum Exporting Countries (Opec) with the 10 non-Opec states underlined the shared resolve they all had in achieving an

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$60-65 preferred oil price range: Lukoil CEO

Oil prices at $60-65 per barrel are the most preferable at the moment, said chief executive officer of Russia’s oil major Lukoil Vagit Alekperov. "I think that the oil price of $60-65 is the level preferable for Opec an

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