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Heavy Lift Across the World

Oil prices rise but worst not over

March 11 - While oil prices have “recovered remarkably” in recent weeks, this should not “be taken as a definitive sign that the worst is necessarily over,” the International Energy Agency warned in its latest monthly report.

It will likely be well into 2017 when the market achieves balance, but the organisation said there were signs that crude prices have bottomed out.

These include: "Possible action by oil producers to control output; supply outages in Iraq, Nigeria and the UAE; signs that non-OPEC supply is falling; no reduction in IEA's forecast of oil demand growth; and recent weakness of the US dollar."

 

www.iea.org

Heavy Lift | News

LEEA adds LiftEx events thumbnail image

LEEA adds LiftEx events

February 12 - The Lifting Equipment Engineers Association (LEEA) is expanding its LiftEx event portfolio to include a Middle East exhibition and a LiftEx Lite show in Egypt.
Views: 1045
AAL to launch new monthly service thumbnail image

AAL to launch new monthly service

February 10 - Multipurpose carrier AAL is launching a Europe - Middle East/India - Asia monthly liner service later this month.
Views: 1373
Bahri reports strong growth thumbnail image

Bahri reports strong growth

January 31 - Saudia Arabia-headquartered Bahri has reported a fourth-quarter profit of SAR249.08 million (USD66.4 million) for 2019, a 172.5 percent increase compared to the same period of 2018.
Views: 1508

Heavy Lift Across The World

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