| Abu Dhabi launches wind farm in Seychelles | | The Abu Dhabi Future Energy Company or Masdar in association with the Abu Dhabi Fund for Development (ADFD) has launched a six-megawatt, eight-turbine wind farm in the Republic of Seychelles. The project was developed by Masdar and funded by ADFD. | | Oil central bank | | Saudi Arabia has a strategic national interest in a stable oil market, but it may face longer-term threats to its dominance from outside the Opec, writes Sarie Khalid | | Oil prices down in Asian trade | | Oil prices fell in Asian trade Thursday after a surprise uptick in US crude stockpiles, but losses were tempered by growing concerns over turmoil in Turkey, analysts said. | | GCC petrochem sector posts 5.5% growth in ’12 | | Petrochemicals production in the GCC increased by 5.5 per cent in 2012, despite a slowdown in global markets due to the recession in Europe, inventory discrepancies and a deterioration in manufacturing, according to the Annual Report 2012 of the Gulf Petrochemicals and Chemicals Association, or GPCA. | | Oil prices up in Asia | | Oil prices rose on Asian trade on Friday as dealers made the most of a weakening dollar as they keep an eye on the release of crucial US jobs data later in the day, analysts said. | | Oil turns higher in Asian trade | | Oil prices rose in Asian trade on Thursday, boosted by stronger US demand but caution over a slowing Chinese economy limited gains, analysts said. | | Oil rises above $93 a barrel | | The price of oil rose above $93 a barrel on Monday at the start of a big week for economic data, culminating in Friday’s U.S. nonfarm payrolls report for May | | Oil up in Asian trade | | Oil was up in Asia on Friday, with dealers buying up the commodity after a drop in prices over the past few days, analysts said. | |
