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Crude extends slide as Texas oil wells resume productions

Bloomberg Oil fell to the lowest in a week as output slowly resumed in Texas, while margins for processing gasoline surged as Gulf Coast refineries are seen taking weeks to restart operations after the deep freeze. Crude futures in New York plunged $1.28, its biggest decline in dollar terms since late December. Producers including Marathon Oil Corp are using restored ...

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Abu Dhabi: International Defence Conference opens

ABU DHABI / WAM Under the patronage of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, the International Defence Conference 2021 started on Saturday in Abu Dhabi. The conference was held for the first time in a hybrid format, with attendees being welcomed virtually and in-person. The conference, held at the Adnoc Business Center, brought together over 24 experts ...

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UAE concerned over Somalia’s deteriorating situation

ABU DHABI / WAM The United Arab Emirates has expressed its grave concern over the deteriorating situation in the Somali capital, Mogadishu, as a result of ongoing violence and the excessive use of force against civilians. In a statement, the Ministry of Foreign Affairs and International Cooperation called upon the interim government and all parties to demonstrate the highest levels ...

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