Finance

  • Are cost rises inevitable for global upstream?

    Operators believe the current downturn is different to previous crashes with most savings made since 2014 here to stay; our analysis points to a less clear-cut picture. Although undoubtedly some savings will stick, what conclusions can we draw before cyclical drivers weaken, revealing a reshaped industry and supply chain?

  • Official Says Chinese Finance Suitable for...

    China's financing terms for Iran's energy and petrochemical projects are suitable, the chairman of Iran-China Chamber of Commerce said, stressing that these pave the way for China's stronger presence in Iranian projects.

  • Global shipping industry’s US$231 Billion CAPEX...

    The global newbuild ship orderbook has fallen to a historical low of 10% but the global shipping industry’s US$231 Billion CAPEX requirements remain enormous and far exceeds the combined US$191 Billion market capitalisation of all the world’s listed shipping firms.

  • Shipping Confidence at Three-Year High

    Shipping confidence held steady at its highest rating in the past three-and-a-half years in the three months from September to November 2017, according to the latest Shipping Confidence Survey from international accountant and shipping adviser Moore Stephens.

  • Oil hovers below 2-year highs

    Oil prices were mixed, lingering below two-year highs as the continuing outage of a North Sea pipeline gave support, while climbing US output and weak gasoline demand kept a lid on gains.

  • World Bank Halts Financing of Oil and Gas...

    The World Bank will stop funding for exploration and extraction of oil and gas by 2019, the financial institution at the climate summit announced aimed at boosting the transition of the global economy to cleaner energy, reports BNT. 

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Cross-border synergies when shipping rethinks value creation

There are two telling issues that stand out in the 2016 OECD report on ocean economies. The first is the way many of these industries are intertwined with one another. The second is that all of these industries are set to grow, and must do so, not only in a truly sustainable way, but in a manner that is beneficial across the ocean industry spectrum.

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Oman’s public expenditure grows by 5.6%

Oman's public finance expenditure grew by 5.6 per cent to reach OMR9.42 billion by the end of October 2017, compared to OMR8.92 billion during the corresponding period last year, according to data released by the National Centre for Statistics and Information.

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