Oil prices to average US$65 a barrel in 2018 on strong demand, says World Bank
KUALA LUMPUR (April 25): Crude oil prices are forecast to average US$65 a barrel over 2018, up from an average of US$53 a barrel in 2017, on strong demand from consumers and restraint by oil producers, according to the World Bank.
The World Bank in its April Commodity Markets Outlook report released yesterday said metals prices are expected to rise 9% this year.
It said prices for energy commodities — which include oil, natural gas and coal — are forecast to jump 20% in 2018, a 16-percentage-point upward revision from October's outlook.
PUTRAJAYA (May 21): Prime Minister Tun Dr Mahathir Mohamad today addressed the staff of the Prime Minister's Department at Dataran Putra, Perdana Putra Building here, his first after returning to helm the country following the Pakatan Harapan coalition’s electoral victory on May 9.
Dr Mahathir arrived at Dataran Perdana at 8.20 am, 10 minutes ahead of schedule, and was applauded as he walked onto the stage.
“I am grateful to be able to once again play a role in the administration of this blessed country,” said the prime minister at the outset of his address.
BOSTON: Proxy adviser Institutional Shareholder Services (ISS) recommended on Friday that investors vote against Tesla Inc directors Antonio Gracias and James Murdoch, increasing pressure on the car maker over their roles on its board.
ISS also backed two shareholder proposals to be voted on at ...
GUEST: GDPR has a serious PR problem. From the dominating narrative surrounding this impending law, you would think it’s ominously looming over organizations across the globe like the sinister, tentacled black cloud monster that terrorizes the kids from “Stranger Things.” It is true that no one really knows exactly what is going to happen once the […]