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Marseille knife man kills two women in suspected terrorism

Bloomberg Two women were killed at Marseille’s Saint Charles train station by a man wielding a knife and crying “Allah Akabar.” The man was shot dead by soldiers. Prosecutors opened a terrorism investigation into the attack, which happened just outside the southern French city’s train station at about 1.45 pm on Sunday. One woman’s throat was cut, and the other ...

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Saudi driving ban lift could increase gasoline demand

Meed Saudi Arabia’s lifting of the ban on women driving could lead to an increase in its demand for gasoline, according to energy consultants First Global Energy (FGE). Saudi Arabia is the biggest consumer of gasoline in the region and is the world’s nine largest gasoline market. Current demand is around 580,000 barrels a day (b/d) – a figure that ...

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SATORP achieves ISO certification

Emirates Business Intertek, a leading Total Quality Assurance provider to industries worldwide, certified Saudi Aramco Total Refining and Petrochemical Company (SATORP), an oil and petrochemical joint venture refinery between Saudi Aramco and TOTAL, as being compliant with the standard requirements of ISO 14001:2015 Environmental Management Systems Certification. This globally-recognised standard was developed by the International Organisation for Standardisation (ISO) and ...

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India needs to double refining capacity to meet fuel demand

Bloomberg India needs to double its refining capacity by 2040 to meet rising fuel demand as an expanding middle class buys more passenger vehicles and its economy grows, a top refinery official said. India’s refining capacity must increase to 465 million tonnes by 2040, from about 230 million tonnes currently, and investments are already being made, said Shrikant Madhav Vaidya, ...

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Australian gas supply crunch squeezes east coast LNG exporters

MELBOURNE / Reuters The Australian government warned that the country’s east faced a worse-than-expected natural gas shortfall in 2018, but the competition watchdog said the gap could easily be filled by diverting uncontracted exports to the local market. It is now up to the government to decide by November 1 whether to pull the trigger on its Australian Domestic Gas ...

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Forget oil, water is new ticket for pipeline growth in Texas

Bloomberg The torrent of dirty water coming out of almost every American oil well is the next big bet for a former fund manager for billionaire Paul Allen. Getting rid of wastewater from onshore wells has become an increasingly costly problem for oil producers as US crude output surged in recent years, especially in the new shale fields from Texas ...

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Smartphone effect clouds Asia’s bumper export year

Bloomberg The rush to upgrade smartphones may be ebbing, prompting economists to dial back the outlook for Asian exporters. Early indications, including signs of disappointing orders, point to a mixed reaction to the latest iPhones, hurting the share prices of Apple Inc.’s Asia-based suppliers. Given that smartphone improvements help power demand for electronics components from supply-chain powerhouses such as South ...

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Philippines plans to ease foreign ownership limit

Bloomberg The Philippines plans to amend its Constitution next year to help ease restrictions on foreign investment, Finance Secretary Carlos Dominguez said. Dominguez informed Japanese investors in a recent forum in Tokyo that the government is also reviewing its so-called Foreign Investment Negative List to increase foreign ownership limits in the areas of construction and other sectors, the Finance Department ...

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Uber drivers need licenses in Australia’s Queensland

Bloomberg Ride-booking operators and drivers, such as those from Uber Technologies Inc., will need licenses to offer their services in the Australian state of Queensland under new regulations announced in Brisbane. The eligibility tests for drivers and booking entities will be the same for all those offering personalised transport, Mark Bailey, Queensland’s minister for main roads, road safety and ports, ...

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