Energy

Oil prices dip to $69.48 despite heightened Middle East security risks

A geopolitical premium that keeps Brent above $65 per barrel will likely persist until further clarity on U.S.-Iran talks

Borouge, ADNOC L&S ink $531 million deal to boost growth of UAE petrochemical exports

ADNOC L&S will manage the transportation of up to 70 percent of Borouge’s annual production

Crude oil prices dip yet stay above $66.75 as OPEC+ plans production increase

OPEC+ plans to increase oil production by 411,000 barrels per day starting in July

ADNOC Gas awards $5 billion in contracts for first phase of Rich Gas Development Project

Company intends to take FIDs on two additional phases of the Rich Gas Development project at Habshan and Ruwais

Crude oil prices climb above $67.2 as U.S.-China trade talks show promise

U.S. President Trump reported positive updates from London, enhancing hopes for a trade deal

Crude oil prices steady above $66.4 as market eyes U.S.-China trade discussions

China is set to release key economic data amidst worries about domestic demand strength 

Crude oil prices fall to $65.40 as OPEC+ output rises despite concerns over Canadian supply

OECD revised down its global growth forecast due to the impacts of trump's trade war

Saudi Aramco completes $5 billion bond issuance

Bond issuance was structured in three tranches as part of its Global Medium Term Note Program 

Crude oil prices rise above $64.85 driven by OPEC+ decision, supply fears

Wildfires in Alberta temporarily shut down oil production, further heightening supply concerns

From vision to action: How the WEF is mobilizing global efforts for the clean energy transition

An interview with Roberto Bocca, head of Energy and Materials at WEF, on responsible renewables, AI’s role, and the urgency of power system transformation

UAE fuel prices reveal minor changes as diesel rates decrease in June 2025

Special 95 petrol is steady at AED2.47 per litre, mirroring May’s pricing for motorists

Qatar’s UCC Holding inks $7 billion deal with Syria to build five power plants

Qatar-led projects are expected to provide over 50 percent of Syria’s electricity needs

Abu Dhabi to invest over $10 billion to power data center industry, says TAQA CEO

Announcement aligns with TAQA's broader strategy to provide clean, certified and reliable energy for critical infrastructure

Oil falls 0.48 percent, prices set for weekly drop with tariffs and OPEC+ in focus

U.S. President Donald Trump's tariffs will remain in effect after a federal appeals court temporarily reinstated them

Sheikh Khaled reviews latest innovations in water and electricity management at World Utilities Congress 2025

The three-day congress featured discussions on digital transformation and renewable energy solutions 

Abu Dhabi’s Mubadala, TAQA finalize acquisition of Talimarjan power plant to enhance energy supply in Uzbekistan

The acquisition aims to advance Uzbekistan's energy sector privatization and local market enhancement

OPEC+ establishes new mechanism for evaluating maximum sustainable production capacity

Current production levels will remain in place through the end of December 2026, ensuring stability

ADNOC Drilling to acquire 70 percent stake in SLB’s land drilling rigs business in Kuwait and Oman

ADNOC Drilling will gain immediate access to earnings through two operating land drilling rigs in Kuwait and six in Oman

Oil prices climb to $65.64 as U.S. court blocks Trump’s “Liberation Day” tariffs

Oil prices climbed after a U.S. trade court ruled on Wednesday that Trump overstepped his authority by imposing global tariffs

ADNOC Drilling secures $1.15 billion long-term contract for new jack-up rigs

New jack-up rigs will integrate AI and digitalization for superior efficiency and performance

Crude oil prices edge down to $63.85 as OPEC+ meeting approaches

Market anticipates OPEC+ decision on increased crude oil output, affecting global prices

World Utilities Congress 2025 set to open in Abu Dhabi, driving global dialogue on sustainable energy and water solutions

The congress will feature a powerful lineup of global energy and policy leaders addressing the sector’s most pressing challenges and opportunities

Saudi Arabia, Kuwait announce first major oil discovery in North Wafra since mid-2020

Crude oil flowed from the Wara reservoir in the North Wafra (Wara-Burgan-1) well at a rate exceeding 500 barrels per day

ADNOC’s listed companies report over $2.3 billion in Q1 2025 net profit

Each of the six companies showed strong financial results and progress on strategic priorities