Oil holds above $71 as supply risks back in focus

Oil held above $71 a barrel on Tuesday, supported by falling Venezuelan and Iranian exports and fighting in Libya that raised concerns of more supply threats, outweighing expectations of higher U.S. inventories. In Libya, fighting between Khalifa Haftar’s Libyan National Army and the internationally-recognised government has raised the prospect of lower supplies from another OPEC […]

Aramco will stay committed to Ratnagiri project

Any investments in Reliance refinery will not change its plans Saudi Aramco will stay committed to the mega Ratnagiri refinery project despite its interest in Reliance Industries’ refining and petrochemicals business where it is reportedly eyeing a 25 per cent stake. Aramco, along with its West Asia counterpart, Adnoc (Abu Dhabi National Oil Company), will […]

Etihad Airways, IBS Software sign contract to improve operational efficiency

In a landmark development, Etihad Airways, the national airline of the United Arab Emirates (UAE), and IBS Software (IBS) have signed a contract to enhance the airline’s operations. IBS, a leading provider of new generation IT travel solutions, was selected to replace the airline’s existing network control system and develop a hub management system, allowing […]