Bloomberg Chinese oil demand has dropped by about 3 million barrels a day, or 20% of total consumption, as the coronavirus squeezes the economy, according to people with inside knowledge of the country’s energy industry. The drop is probably largest demand shock the oil market has suffered since the global financial crisis of 2008 to 2009, and the most sudden ...

ABU DHABI / WAM The total production of all economic activities in the Emirate of Abu Dhabi amounted to AED1,268.1 billion ($345 billion) in 2018 from AED1,120.5 billion in 2017, according to an economic survey by Statistics Centre – Abu Dhabi on Monday. The value added by all economic activities stood at AED849 billion in 2018 compared to AED733.5 billion ...

ABU DHABI / WAM Emirates Global Aluminium (EGA), on Monday announced it has secured a $600 million revolving credit facility with a syndicate of UAE and international banks. According to a press release issued by EGA on Monday, the three year committed facility, priced at a competitive margin, replaces uncommitted facilities extended to EGA separately by a number of banks. ...