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Brent oil climbs but demand clouds linger

Bloomberg Oil edged higher, recovering from its biggest loss in almost two weeks even as a resurgent coronavirus looms over the demand outlook. Futures in London were up 1.3% near $42 a barrel, snapping a sharp decline from Monday alongside the European markets. Brent also recovered from technical support, moving away from their 100-day moving average on Tuesday. That’s despite ...

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Barakah Unit 1 power capacity reaches 50%

Abu Dhabi / WAM Nawah Energy Company (Nawah) the Joint Venture nuclear operations and maintenance subsidiary of the Emirates Nuclear Energy Corporation (Enec), and Korea Electric Power Corporation (Kepco), announced on Tuesday that the reactor of Unit 1 of the Barakah Nuclear Energy Plant has achieved 50% of its electricity production capacity. The milestone achievement was announced on the sidelines ...

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Sharjah Ruler greets Saudi’s King Salman on 90th National Day

Sharjah / WAM His Highness Dr Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, has sent a congratulatory message to the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud of Saudi Arabia, on the occasion of the Kingdom’s 90th National Day. The Sharjah Ruler has also dispatched a similar congratulatory message ...

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