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UAE calls for united, practical measures for Mideast peace

New York / WAM The United Arab Emirates, in its capacity as the Chair of the Group of Member States of the Organisation of Islamic Cooperation (OIC), urged the international community to take united, practical measures to save the prospects for peace and the two-state solution during the quarterly Open Debate on the Situation in the Middle East, including the ...

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UK brimming with natural gas as LNG flows hit record

Bloomberg Britain’s appetite for natural gas usually declines in the summer, but this season is different with a record number of LNG tankers due to land this month. The incoming cargoes show no sign of slowing, and will keep the pressure on benchmark prices already trading below their five-year seasonal average. That’s good news for factories and households as Brexit ...

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PetroChina records steady income in Q1

Bloomberg PetroChina Co. reported steady net income in the first quarter as higher exploration and production earnings countered a slump in refining. Net income rose 1 percent from a year ago to 10.26 billion yuan ($1.5 billion), the company said in a statement to the Hong Kong stock exchange, using international accounting standards. Despite international oil prices averaging 5 percent ...

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