Bloomberg Oil rose to the highest in two months as demand in China returned to near pre-virus level and output curbs continued in the US and elsewhere. Futures in New York climbed as much as 9.8%. Chinese oil use is at 13 million barrels a day, just shy of the levels of a year earlier, traders and executives said. The ...

Abu Dhabi / WAM Khalifa University of Science and Technology has established a Covid-19 Research and Development (R&D) Task Force as part of its strategic approach to help tackle Covid-19 pandemic. Under Covid-19 R&D programme, university launched 14 research projects; five projects focused on epidemiology, six projects focused on diagnostics and medical devices, and three projects focused on digital tools ...

DUBAI / WAM Drydocks World on Monday held a steel-cutting ceremony to mark the start of production on a conversion project for Boskalis B.V. According to a press statement, Drydocks World will convert a drill ship YAN into an offshore installation vessel named Bokalift 2. This vessel is designed to carry out offshore operations for windmill installations in Taiwan. The ...