While a decision to drive down crude inventories “gently” has been taken by consensus among OPEC and allied oil producers, Saudi Arabia would also be responsive to the demands of what is being described as a fragile market, said the… Read More ›
Month: May 2019
Attacks placing oil supplies security at risk: Saudi Energy Minister
Ever since Trump re-clamped sanctions on Iran, tension in the gulf region has steadily heated up. Saudi Arabian Energy Minister Khalid al-Falih stated, although the recent attacks on its energy assets had put the security of oil supply at risk,… Read More ›
Exxon Mobil’s major oil deal with Iraq delayed by U.S. evacuation
Exxon has a long term contract to improve Iraq’s West Qurna oil field. In a significant development, Iraq’s Oil Minister Thamer Ghadhban stated, a major oil deal between Iraq and Exxon Mobil is “very close” in the making; the trajectory… Read More ›
Air New Zealand sticks with Boeing for wide body aircraft
Air New Zealand aims to replace 8 Boeing 777-200ER aircraft and was looking for suitable replacement. On Monday, according to industry sources Boeing Co has won a hard-fought battle to sell its wide-body aircraft to Air New Zealand Ltd, and… Read More ›
Sikorsky bags $1.1 billion Pentagon deal
Sikorsky will be making 12 CH-53K King Stallion helicopter for the U.S. military with deliveries to commence in 2022. In a statement, the Pentagon said, it has awarded a $1.1 billion contract to Sikorsky, a unit of Lockheed Martin Corp,… Read More ›
World Economic Outlook Could Be At Risk Due To US-China Trade War: IMF’s Lagarde
The International Monetary Fund is still very concerned about the trade war that is being ongoing between the United States and China. The Managing Director of the world body Christine Lagarde, told the international news agency Reuters during a visit… Read More ›
Trade Negotiation Should Be On Equal Basis, China’s Wang Tells US’s Pompeo
According to a statement issued by the Chinese Foreign Ministry, Chinese Foreign Minister Wang Yi has told the United States Secretary of State Michael Pompeo in a phone call that the only way to find a solution to the ongoing… Read More ›
Steel, Aluminum Tariffs On Canada And Mexico Removed By Trump
In the efforts of encourage the lawmakers of Mexico and Canada to quickly ratify the new North American trade deal, the U.S. will lift steel and aluminum tariffs on the two trade partners, said the United States President Donald Trump…. Read More ›
Nvidia’s second quarter forecasts above analysts’ estimate
Nvidia’s second quarter forecasts is based on expectations of a recovery in the gaming market. The mid-end gaming segment continues to be its growth driver. Nvidia Corp has forecast its second-quarter revenues above Wall Street estimates as it expects the… Read More ›
Germany’s Delivery Hero invests in biodegradable packaging manufacturer Bio-Lutions
Companies and governments around the globe are moving to mitigate the menace of plastic waste. In a significant development, German food delivery company Delivery Hero announced it has invested in biodegradable packaging manufacturer Bio-Lutions. The move comes midst companies and… Read More ›
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