INTERNATIONAL. Saudi Arabia pumped the most oil in three decades last month, reaching 9.8 million barrels a day and boosting OPEC production, the International Energy Agency said. Increased output in Angola helped replace lower supply in Libya.
Daily supply from the 11 Organization of Petroleum Exporting Countries members bound by quotas rose to 27.37 million barrels a day in July from 27.22 million in June, the Paris-based IEA said today in its monthly oil market report.
“Output has regained levels close to those seen before the Libyan crisis, although OPEC spare capacity now stands at
INTERNATIONAL. The power plants in the towns of Manapla, San Carlos and La Carlota will convert sugarcane waste to electricity using a low carbon-emitting process called circulating fluidized bed boiler technology.
UAE. New report from MEED says oil price recovery will boost UAE economy in 2017; Higher oil prices, Expo 2020 and increasing trade with Iran to drive recovery; Projects market to benefit from return of confidence with $629bn project pipeline.
INTERNATIONAL. The vessel based engineering work involves Bibby Offshore installing a cathodic protection system on one platform, and performing air diving services to complete routine and non-routine inspection, repair and maintenance support.
INTERNATIONAL. The switch to renewable energy has already been flicked. Smart utilities willing to drive change will prosper - but it's going to take the turning off of a lot of old paradigms to do so.
QATAR. QNB Group publishes its Qatar Economic Insight September 2016 report; The report examines the outlook for the Qatari economy as it continues its strong growth based on non-hydrocarbon investment spending.
INTERNATIONAL. Jost Thöne, Stradivari expert and co-owner of VIOLIN ASSETS, offers input on this subject. The company makes high-quality historical and modern string instruments accessible as investments.