Dubai / WAM Emirates Central Cooling Systems Corporation (EMPOWER), announced expansion of its network of district cooling transmission pipelines, which has crossed 263 kilometres in 2017, an increase of 12% compared to 2016. The company attributed this to its ambitious strategy to enhance its operations in Dubai, given the steady growth of its business, with new projects added to its ...

Bloomberg Big oil tankers sailing from the US are set to bring along some benefits for refiners in Asia while allowing them to sidestep traders serving the world’s top crude-buying region. The new option to load oil into very large crude carriers at the US Gulf Coast terminal operated by the Louisiana Offshore Oil Port, or LOOP, will reduce costs ...

Bloomberg Oil steadied as Libya’s crude exports from a key terminal were disrupted and Saudi Arabia pledged that global producers will ease their output curbs without shocking the market. Futures in New York were little changed, after rising 3 percent the previous two sessions. Libya’s crude loadings from the Mellitah terminal will be “modified” after protests impeded output at the ...