Tag: demand
Demand for Home Entertainment Concepts Continue to Rise in the UAE
An increasing number of homeowners across the UAE are looking to set up luxurious home theatres, state-of-the-art music lounge’s and prime gaming zones say...
Global Oil Demand Starts a Long, Painful and Uncertain Recovery
(Bloomberg) -- Few have a better watchtower over oil demand than Joe Gorder, chief executive officer of major U.S. refiner Valero Energy Corp. But this...
The Global Oil Market Is Broken, Drowning in Crude Nobody Needs
(Bloomberg) -- The global oil market is broken, overwhelmed by an unmanageable surplus as virus lockdowns cascade through the world’s largest economies.
Onshore tanks in many...
Emirates Mulls Grounding Its A380 Fleet as Virus Spreads
(Bloomberg) -- Emirates, the world’s biggest long-haul airline, is looking at grounding the bulk of its 115 Airbus SE superjumbos as the coronavirus undermines global...
OPEC+ meeting: Oman oil minister Rumhi sceptical about oil outlook
His Excellency Mohammed bin Hamad al Rumhi, Oman’s Minister of Oil and Gas, today said that though no deeper oil output cuts were discussed...
US-China trade war: Middle East air freight volumes see sharp decline
An International Air Transport Association (IATA) data report shows that the global air freight market contracted by 3.2% in July this year, compared to...
