Companies

Amin Nasser held talks with heads of Russian oil giants. Rosneft and Gazprom. in Moscow on Friday to discuss cooperation.

The agreement is in line with recent trends towards locking in longer-term supply of products in Asia.

GE'.s new management team is following a long tradition of corporations in trouble and short of cash.

Weatherford posted a net loss of $199 million (Dh730.8m) for the third quarter year-on-year.

Exxon still sees a bright future for the oil industry. with 2.5 billion people set to enter the middle class in the next 20 years.

Deliveries to Austria will be increased by 1 billion cubic metres per year.

The aggressive gasification targets and an unusually cold winter last year caused a supply shortage.

Vitol has now revised down its oil demand growth forecast for next year to 1.3 million bpd.

The United States will remain a key part of the Saudi economy.

European peer Eni had earlier lowered its production growth target for the year after profits in the third quarter rose to beat expectations.