ABU DHABI / WAM Abu Dhabi General Services Company, Musanada, has announced that work is progressing in seven infrastructure projects at the area of Abu Dhabi east, as part of Musanada’s efforts to achieve the objectives of Abu Dhabi Plan, delivering sustainable infrastructure that will serve Emirate’s community and economy in line with best international standards and reinforce Abu Dhabi’s …

LONDON­­­­ / Reuters OPEC oil output has risen in June by 280,000 barrels per day (bpd) to a 2017 high, a Reuters survey found, as a further recovery in supply from the two member countries exempt from a production-cutting deal offset strong compliance by their peers. High compliance by Gulf producers Saudi Arabia and Kuwait helped keep OPEC’s adherence with …

Bloomberg Oil companies have spent three years slashing spending and firing workers to protect profits, only to find their hard work blown away as prices entered another bear market. The MSCI World Energy Sector Index is heading for a second consecutive quarter of declines, mirroring the drop in crude. The 90 companies that make up the index, including giants like …