Bloomberg Oil came off session highs as the Organisation of Petroleum Exporting Countries (Opec) cut forecasts for oil demand again, pointing to uncertainties around the pandemic and the rollout of vaccines. Futures were little changed after rising as much as 1.9% in New York. The Opec in a monthly report reduced projections for global fuel consumption in the first quarter …

BAHRAIN / WAM Bahrain’s Investcorp on Monday announced that it has acquired Sanos Group, a leading provider of specialised clinical trial services to the global pharmaceutical and biotechnology industry. Based in Denmark, Sanos is a global Contract Research Organisation (CRO) providing value-added services to pharma, biotech and research organisations to help plan and conduct clinical trials, a critical part in …

Bloomberg Royal Dutch Shell Plc, Eni SpA and their partners in the Karachaganak oil and gas venture paid $1.3 billion to settle a long-running dispute with Kazakhstan over revenue sharing. The deal unlocks plans to boost output from the Karachaganak field and funnels additional revenue to the Kazakh economy, which is heading for its first annual contraction in more than …