Day: January 19, 2018

PARIS: After long years of punishingly low oil prices, the global oil market is moving closer to reaching a healthy balance between supply and demand, Opec said on Thursday. In its monthly oil market report, the Opec said there were “growing indications that the oil market is heading smoothly toward rebalancing.” Prices were being buoyed by lower crude oil stocks, healthy demand and geopolitical tensions, the cartel said. Oil prices have risen in recent months, after Opec and a clutch of countries outside the cartel struck a landmark deal at…

WASHINGTON: The US Federal Bureau of Investigation (FBI) renewed its pledge on Thursday to catch four hijackers of the Pan Am Flight 73, almost 32 years after the failed attempt at Karachi airport. “No matter how much time has passed or the obstacles we encounter, we owe it to the victims and their families to never give up on them,” said the FBI case agent in a statement released to the media along with pictures of the four hijackers. The attack, which occurred aboard Pan Am Flight 73 during an…