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Brent rises above US$50/bbl for first time since March on vaccine optimism
NEW YORK: Oil prices climbed nearly 3% on Thursday, with Brent surging above US$50 a barrel for the first time since early March, fueled by hopes of a faster demand recovery as countries start to roll out COVID-19 vaccines.
Global warming is really a big deal
Climate change is fast becoming the key issue confronting the world.
One month after worst oil-supply halt, Aramco says all clear
DUBAI: In the wee hours of a sweltering Saturday in September, a volley of missiles and aerial explosives pierced the heart of Saudi Arabia’s oil industry. The attacks knocked out about 5% of global oil production almost immediately, yet one month later, they might as well never have happened.
Aramco fully restores oil output as it recovers from attacks
DUBAI: Saudi Aramco is producing more than 9.9 million barrels a day of crude as it fully recovers from the worst-ever attacks on its energy infrastructure.
Nippon Paint buying Australia’s DuluxGroup
Tokyo: Nippon Paint Holdings Co agreed to buy Australia’s DuluxGroup Ltd for A$3.8bil (US$2.7bil) in cash, giving it access to the country’s No. 1 sales channel for paints and coatings, as well as sealants, adhesives, garage doors, cabinets and architectural hardware.
Nippon Paint offers US$2.7b bid for Australia's Dulux Group
SYDNEY: Japan's Nippon Paint Holdings Co Ltd has proposed buying Australia's biggest paint maker Dulux Group Ltd for A$3.8 billion (US$2.7 billion), expanding its global footprint though entering Australia just as a housing boom falters.
Billionaire John Paulson to draw Chinese suitor for Steinway
HONG KONG: Steinway Musical Instruments Inc, the legendary piano maker controlled by US hedge fund billionaire John Paulson, has attracted takeover interest from China Poly Group Corp, people familiar with the matter said.
Oil hits 2½-year highs on Libyan pipeline blast
NEW YORK: Oil prices touched 2½-year highs in light volume on Tuesday, boosted by an explosion on a crude pipeline in Libya and voluntary Opec-led supply cuts.
Sapura Energy’s unit completes subsea oil wells job in Australia
PETALING JAYA: Sapura Energy Bhd’s (SEB) wholly-owned Australian unit Sapura Energy Australia Pty Ltd has completed the Shell Prelude Light Well Intervention (LWI) Campaign-Plug Removal Activity for Shell Australia Pty Ltd in Western Australia in the Browse Basin in Western Australia.
EasyJet flies into a loss on Brussels attacks
Luton, United Kingdom: British no-frills airline EasyJet on Tuesday said it had fallen into a loss during the first half of its financial year in the wake of the Brussels attacks.
