The oil market has been awash in crude for more than three years, and OPEC has struggled to accelerate the rebalancing effort, but the world could be heading for a supply crunch in a few years due to the sharp fall in industry spending. SEE MORE Japanese chemical manufacturer Kuraray will buy U.S. firm Calgon Carbon Corp for $1.107 billion, Kuraray said on Thursday, adding the carbon materials firm as one of its core businesses. SEE MORE Some 60% of the world's population of people over 65 years old will live in Asia by 2030, causing a number of economies in the region to face demographic challenges before they get rich enough, according to a recent report by consultancy Deloitte. SEE MORE Ethanol gasoline blend E5 hiked VND297 to VND17,836 a liter. SEE MORE European renewable ethanol association (ePURE) members produced 5.2 billion liters of ethanol and 4 million metric tons of high-protein animal feed in 2016, according to new audited data released by the industry association. SEE MORE