Saturday 27 December 2014
 
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Oil edges above $60 as Libyan output slumps

Oil edged above $60 a barrel on Friday as unrest in Libya cut supplies, offsetting a growing supply glut in top consumer the United States and weak imports by Japan. Fighting in Libya has cut output there to 352,000 barrels a day,

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Egypt buys 2.9m tonnes wheat in 6 months

Egypt, the world's top wheat importer, has bought around 2.9 million tonnes of wheat during the first half of 2014-2015 fiscal year, a top official said in a report. According to Mamdouh Abdel Fattah - vice chairman of the Gen

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Egypt to import 6 LNG cargoes from Algeria

Egypt will import six cargoes of liquefied natural gas from Algeria between April and September next year, the oil ministry said on Thursday, helping to ease an energy crunch that has plunged the country into repeated blackouts this year.

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Pakistan in LNG imports talks with Qatar

Energy-starved Pakistan is negotiating with Qatar to begin imports of liquefied natural gas (LNG) early next year, Pakistan's petroleum minister said. Pakistan is due to finish a terminal in January near the southern port city

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Pakistan in talks with Qatar for LNG imports

Energy-starved Pakistan is negotiating with Qatar to begin imports of liquefied natural gas (LNG) early next year, Pakistan's petroleum minister said on Friday. Pakistan is due to finish a terminal in January near the southern

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UAE’s kitchen, bath products import to hit $30bn

The import of kitchen and bathroom products in the UAE will exceed $30 billion by the end of the year, while the imports across the GCC is expected a double-digit growth of over 15 per cent, according to experts. The market has em

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US hardwood lumber exports to Mena hit $56m

The total exports of US hardwood lumber to the Middle East and North Africa (Mena) region reached a value of $56.3 million and a volume of 71,761 cu m during the first three quarters of the year, according to recent figures. The statist

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US hardwood lumber exports to Mena hit $56m

The total exports of US hardwood lumber to the Middle East and North Africa (Mena) region reached a value of $56.3 million and a volume of 71,761 cu m during the first three quarters of the year, according to recent figures. The statist

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Asia buys less Iran crude, but volumes above 1m bpd

Asian buyers of Iranian crude imported 6.6 per cent less in September than a year ago, the first on-year decline since December, but shipments rose back above the one million barrels-per-day mark allowed under a deal that eased Western sanctions

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Saudi imports jump 19.6pc to $15bn in August

Saudi Arabia's imports jumped an annual 19.6 per cent in August, ending nine consecutive months of declines, while growth in non-oil exports accelerated to 22.2 per cent, data from the Central Department of Statistics and Information showed

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