Energy

Oil prices see modest declines due to rising U.S. inventories, market jitters ahead of OPEC+ meeting

Brent oil futures for February delivery dipped 0.1 percent to $73.58 a barrel

Saudi Arabia’s Aramco acquires 10 percent stake in Horse Powertrain Limited

Renault Group and Geely will each retain a 45 percent stake in the company

UAE supplies Japan with 47.8 percent of its oil imports in October 2024

Japan imported in October 31.80 million barrels of oil from the UAE 

UAE National Day: Celebrating 53 years of unity and progress through visionary leadership, groundbreaking initiatives

A comprehensive reflection on 2024’s milestones in governance, infrastructure, and global positioning

UAE National Day: Bahraini landmarks celebrate 53rd Eid Al Etihad with UAE flag colors

Bahrain’s Prince Salman congratulated UAE President on 53rd National Day

Oil prices climb on positive data from China; OPEC meeting on the horizon

Brent crude futures for February increased by 0.3 percent to $72.02 a barrel

UAE: Petrol, diesel prices for December 2024 announced

The prices will come into effect on December 1

Abu Dhabi’s Masdar completes acquisition of TERNA ENERGY

The agreement, priced at EUR20 per share, values TERNA ENERGY at an enterprise value of EUR3.2 billion ($3.4 billion)

Oil prices face weekly decline amid easing Middle East tensions, anticipation of OPEC+ meeting

Brent crude futures for January fell by 0.1 percent to $73.21 per barrel

7 things to know about new ADNOC company XRG

It has an enterprise value of over $80 billion

Sheikh Saud bin Saqr launches Etihad Water and Electricity Museum, showcasing UAE’s path to progress

Sheikh Saud noted the importance of museums in displaying photographs, documents, artefacts, and equipment from developmental projects

Saudi economy grows 64 percent to $1.09 trillion in nominal GDP from 2016 to 2023, says Finance Minister

Al-Jadaan projected a 4.6 percent growth rate for non-oil GDP in Saudi Arabia in 2025 

Oil prices remain steady amid mixed U.S. inventory data, easing Middle East tensions

January Brent oil futures dipped 0.1 percent to $72.78 a barrel

UAE President approves launch of new company XRG to boost ADNOC growth

The ADNOC board endorsed the company’s target to drive AED200 billion into the UAE economy over the next five years

ENEC, ADNOC to explore use of advanced nuclear technologies, excess heat utilization for oil, gas operations

This agreement entails a thorough technical and economic evaluation to pinpoint the most suitable nuclear reactor technologies for ADNOC

Oil prices plunge amid ceasefire hopes, dollar surge

Brent oil futures set to expire in January dropped by 0.3 percent to $72.80 per barrel

Oil prices rise amid escalating Russia-Ukraine tensions, yet U.S. inventory build limits overall gains

Brent oil futures for January delivery increased by 0.4 percent, reaching $73.07 a barrel

Sheikh Hamdan bin Zayed attends groundbreaking ceremony of Ruwais LNG Project in Al Dhafra Region

ADNOC is investing approximately AED175 billion in the Ruwais LNG, Hail and Ghasha, Borouge 4 and TA’ZIZ mega-projects

Crown Prince of Abu Dhabi reviews Mubadala’s progress, stresses UAE investment importance in Brazil

Mubadala’s investments in Brazil have greatly contributed to the country’s socioeconomic development over the past 12 years

Oil prices steady as traders assess Russia-Ukraine conflict, U.S. inventory gains

Brent oil futures for January delivery held steady at $73.31 a barrel

Abu Dhabi’s TAQA, JERA and Al Bawani to develop two new highly efficient power plants in Saudi Arabia

These agreements will enable two new CCGT projects in Saudi Arabia with over 3.6 gigawatts capacity 

Saudi Arabia’s crude oil exports hit three-month high in September

Saudi Arabia's oil production fell to 8.975 million bpd from 8.992 million bpd in August