TOKYO / WAM Japan imported 21.326 million barrels of crude oil from the United Arab Emirates in October 2016, data released by the Agency of Energy and Natural Resource in Tokyo showed. This accounts for 22.5% of Japan’s total crude imports, the agency, part of the Ministry of Economy, Trade and Industry, said. Saudi Arabia provided 39.123 million barrels, …

  ABU DHABI / WAM Abu Dhabi Islamic Bank (ADIB) announced that it had repaid in full a US$500 million Islamic bond or sukuk from its own resources, reflecting what it said was its strong liquidity position amid difficult market conditions. The sukuk matured on November 30. The five-year sukuk, which were listed on the London Stock Exchange, were more …

  London / AFP Oil prices rose on Thursday, building on a surge triggered by OPEC’s output decision. World crude prices soared almost 10 percent on Wednesday after OPEC hammered out a deal to cut oil output for the first time in eight years. Prices were up nearly 3 percent in Thursday trading. Joshua Mahony, market analyst at IG trading …