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The Paris-based agency said that global demand growth is forecast to slow to 1.2 million barrels a day in 2016 after surging to 1.8 million barrels a day this year as support from sharply falling oil prices begins to fade.

Brent crude futures were down 29 cents at US$39.44 (RM168.97) a barrel at 0551 GMT (1.51pm MYT), a touch above a near-seven-year low hit earlier in the session at US$39.38 a barrel.

DuPont’s shares surged after the Wall Street Journal reported the company was in advanced merger talks with Dow Chemical, helping to partially offset negative sentiment.

Even if a new runway were to be approved now, it is at least a decade away from being delivered, and today’s announcement means it is now even further away from becoming a reality.

But this time – most recently at a meeting in Vienna last Friday – it has opted to keep the taps open.

While the minutes stated there was “no mechanical link” between the BOE decision and those of other central banks, it is caught between a European Central Bank that’s adding stimulus and a U.S. Federal Reserve that may be just a week away from the first increase...

This transaction is a major accelerator in Dow’s ongoing transformation, and through this we are creating significant value and three powerful new companies.

Refinery crude runs USOICR=ECI fell 151,000 barrels per day as utilization rates USOIRU=ECI dropped 1.4 percentage points to 93.1 percent of total capacity, EIA data showed.

While annual United Nations climate meetings nearly always run into overtime, the abrupt announcement came as some officials and observers also said that wee-hours discussions had not run as smoothly as hoped.

Wal-Mart Stores, Inc., announced Wednesday that it is testing a mobile payment system, titled “Walmart Pay”, that will allow shoppers to use their smartphone to pay for products inside their shopping cart at checkout.

Gov. Bill Walker is proposing a personal state income tax as part of his plan to close Alaska’s $3.5 billion budget gap, he planned to announced Wednesday.

The bench also directed the Centre and the Delhi government and its agencies not to buy new diesel vehicles for its services and come up with a plan to phase out old diesel vehicles.

Iraq’s Minister of Oil Adil Abd Al-Mahdi speaks to journalists prior to the start of a meeting of the Organization of the Petroleum Exporting Countries, OPEC, at their headquarters in Vienna, Austria, Friday, Dec. 4, 2015.

Its report said world oil demand in 2016 is uncertain, “depending on the pace of economic growth, development of oil prices, and weather conditions, as well as the impact of substitution and energy policy changes”.

Shares slid more than 7 percent in after-market trading.