FUJAIRAH / WAM Oil products stockpiles at the Port of Fujairah, the most important bunkering hub in the Middle East, jumped to a six-week high even as fuels for power generation and marine bunkers tumbled to the lowest in almost two years, as fuel oil shipments to South Korea resumed. Total inventories as of November 16 stood at 20.436 million ...

Abu Dhabi / WAM Nawah Energy Company, the Joint Venture nuclear operations and maintenance subsidiary and Korea Electric Power Corporation (KEPCO) announced on Wednesday that the reactor of Unit 1 of the Barakah Nuclear Energy Plant has achieved 80 percent of the Unit 1 reactor’s rated capacity power. The milestone is an important step in the ongoing Power Ascension Testing ...

Bloomberg Oil rose on expectations that further progress in vaccines against the coronavirus will revive global demand, and amid signs of robust consumption in Asia. Brent futures advanced 1.4% as Pfizer Inc said a final analysis of clinical-trial data indicated its Covid-19 vaccine was 95% effective. The overall price structure of the market also showed the outlook is brightening, with ...