Energy

Emal’s phase II expansion launched

The first structural steel for Emirates Aluminium’s (Emal) Phase II expansion was erected, a milestone that brings it to becoming one of the world’s largest single-site aluminium smelters.

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Brent steady near $106, ECB eyed

SINGAPORE - Brent crude steadied near $106 a barrel on Thursday as investors looked to Europe for policy easing measures after the U.S. Federal Reserve dashed their hopes by deferring fresh monetary stimulus.

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Brent slips toward $104 after China data; Fed eyed

SINGAPORE - Brent crude slipped toward $104 per barrel on Wednesday after softer official manufacturing data from top energy consumer China chipped away at a fragile market sentiment, while fading hopes for US stimulus measures also weighed on prices.

Energy