Blog Layout

Retailers to sell Expo 2020 Dubai-branded products

DUBAI / WAM Retail companies of all sizes can capitalise on the huge merchandising opportunities available before, during and after Expo 2020 Dubai. With more than 5,000 types of official licensed products due to go on sale, Expo 2020 is seeking companies which can help it deliver top-class retail goods to millions of Expo visitors and enthusiasts from around the ...

Read More »

World’s fastest growing oil user bucks price cuts trend

Bloomberg India, the world’s fastest growing oil consumer, is bucking an emerging market trend of populist measures to curb surging oil prices. While governments in Indonesia, Brazil and elsewhere are cutting or freezing prices, India is standing its ground on gasoline and diesel costs even after they rose as much as 16 percent this year. India has, so far, resisted ...

Read More »

OPEC output may be stretched to limit by supply crises: IEA

Bloomberg OPEC’s Gulf members may need to pump almost as much crude as they can to cover swelling supply losses from Venezuela to Iran and beyond, the International Energy Agency said. “Rising production from Middle East Gulf countries and Russia, welcome though it is, comes at the expense of the world’s spare-capacity cushion, which might be stretched to the limit,” ...

Read More »

Exxon quits Koch-backed business group

Bloomberg Exxon Mobil Corp quit the American Legislative Exchange Council, a lobbying group bankrolled by fossil fuel companies, following a disagreement over climate-change policy. The oil giant won’t be renewing its membership after it expired in June, spokesman Scott Silvestri said by phone. Exxon had a public spat with ALEC in December when some members backed by climate skeptics such ...

Read More »

Ontario to kill over 750 clean-power project contracts

Bloomberg Ontario Premier Doug Ford vowed to cancel and wind down more than 750 contracts for renewable power projects, making good on a campaign pledge to revamp the province’s energy policies. Terminating the early-stage projects, which the government didn’t identify, would save electricity customers in the Canadian province C$790 million ($600 million), Ford’s energy minister, Greg Rickford, said in a ...

Read More »

Solar tariffs at record low in India’s largest auction

Bloomberg Solar tariffs in India remained at record lows in the country’s largest federal auction of 3 gigawatts of projects, according to state-run Solar Energy Corp. of India. Acme Solar Holdings Ltd. won 600 megawatts of projects at the lowest tariff of 2.44 rupees a kilowatt-hour, the record low hit last May and then again in an auction earlier this ...

Read More »

Oil explorers in US heartland need $69 crude to boost drilling

Bloomberg Oil companies operating in the central US want oil to average $69 a barrel before they’ll substantially expand drilling, according to the Federal Reserve Bank of Kansas City. That’s up from $56 a year earlier, according to a survey of firms released by the Kansas City Fed, which serves all or parts of seven states from Nebraska to New ...

Read More »

Trump says he may ask Putin to extradite intelligence agents

Bloomberg President Donald Trump said he may ask Vladimir Putin to extradite 12 Russian intelligence agents indicted for hacking Democratic email accounts during the 2016 campaign, and said he has “low expectations” for his summit on Monday with the Russian leader. “I go in with low expectations,” Trump said in excerpts of an interview with CBS News released. “I’m not ...

Read More »

Uneasy calm settles over Israel, Gaza after violence flares

Bloomberg A brittle calm took hold in the Gaza Strip and southern Israel on Sunday after the Palestinian enclave’s Hamas rulers and another powerful militant faction reported that efforts had succeeded to end a weekend of escalating violence. Hazem Qassem, a Hamas spokesman, said in an emailed statement that regional and international mediators crafted an agreement that led to a ...

Read More »
Send this to a friend