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Friday, 3 June 2016

Post-Opec oil, US jobs report | Market Minute - YouTube

Post-Opec oil, US jobs report | Market Minute - YouTube: ""



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Emirates president says Brexit will be 'severe' for EU | GulfNews.com

Emirates president says Brexit will be 'severe' for EU | GulfNews.com:

"The United Kingdom leaving the European Union would be “severe” for the 28 member economic-political bloc, Emirates president Tim Clark said on Thursday, cautioning a Brexit vote could “flatline” travel demand in Europe.

Europe will vote on June 23 to stay or leave the European Union in a referendum that has become increasingly difficult to call. Campaigners, who want UK to stay with Europe, argue a leave vote would be economic suicide whilst the leave group says it would return sovereignty to Britain.

“If the Brits decide to exit the European Union, the shockwaves throughout the European Union, as it stands today, will be pretty severe in my view,” Clark, who was knighted in 2014 by the British monarchy for 'services to British prosperity and to the aviation industry', told reporters at the International Air Transport Association (IATA) annual meet in Dublin."



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Dubai’s Al Ghurair Testing Coal Plant to End Need for Fuel Oil - Bloomberg

Dubai’s Al Ghurair Testing Coal Plant to End Need for Fuel Oil - Bloomberg:

"Al Ghurair Resources LLC, the agricultural commodities trading arm of one of the United Arab Emirates’ richest families, is testing coal technology at its oilseeds-crushing plant in Dubai with the goal of reducing its energy usage and curbing carbon emissions.
The 60 million-dirham ($16 million) coal-based cogeneration plant at Dubai’s main port in Jebel Ali will end the need for 50 metric tons of fuel oil used daily now, Djamal Djouhri, chief executive officer of Al Ghurair Resources, said at a press briefing on Wednesday.
“If we can be friendly to the environment, we should,” Djouhri said."



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Saudi to retain key decision-making for Aramco after IPO - FT.com

Saudi to retain key decision-making for Aramco after IPO - FT.com:

"Khalid Al Falih, Saudi Arabia’s oil minister and chairman of the country’s state energy giant, said the government will make sovereign decisions on production and capacity even after a public offering of Saudi Aramco.
Speaking to reporters on the sidelines of his first Opec meeting in Vienna, Mr Al Falih said any minority investor would be buying into the relationship between the Saudi government and the world’s largest oil producer."



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Opec meeting ends without deal - YouTube

Opec meeting ends without deal - YouTube: ""



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