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    Blood on the floor as market hunts WTI Longs

    For months, prominent oil analysts have been sharply divided about whether the reversal of the Seaway pipeline from Cushing in the U.S. midcontinent to Houston on the Gulf Coast would be enough to cure the glut of crude which has built up in the central United States, pushing U.S. crude futures to a record discount against the international marker Brent.

    May 17, 2012 1:25
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    UAE’s aerospace dream blooms in the desert

    "Our objective is within a decade to be a global leader in composite airframes and a leader in wings and empennage (tail sections)," said Mubadala Aerospace executive director Homaid Al Shemmari.

    May 17, 2012 12:47
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    SLOW AWAKENING: Middle East Investors Wisening Up To Africa

    Reid to ask for 'unanimous consent' on sanctions; Would put more pressure on Iran's oil sector; Comes ahead of Iran's May 23 meeting with world powers; "Iran must either willfully commit to terminating its nuclear program or we will force their hand through crippling sanctions," said Democratic Senator Robert Menendez.

    May 16, 2012 4:20
 
 
 
  • Ready for liftoff

    Ready for liftoff

    Air Arabia reports a stellar quarterly results and Etihad joins Qantas and China in further cancelling Airbus orders

    May 8, 2012 8:05