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Despite signs of easing tensions, analysts cautioned that the recent tariff-driven volatility in the oil market was not over yet
Framework empowers company to issue green bonds and allocate proceeds to low-carbon projects
Despite gains, oil prices have suffered significant losses in 2025 due to slowing demand and rising production
Crude stocks fell by 4.5 million barrels recently, with analysts expecting further declines in inventories
Net proceeds will support ADNOC Group for general corporate purposes and funding diversification
Kingdom’s oil revenues generated $39.94 billion during the quarter
EBITDA rose by 11 percent to $275 million, the highest first-quarter result since 2017 IPO
Brent crude futures reached $61.20, while U.S. West Texas Intermediate settled at $58.05 a barrel
These three rigs are in addition to the three ordered in July 2024
ADNOC Gas signed a series of mid to long-term LNG supply agreements valued at around $9 billion in Q1
Barclays lowered its Brent forecast by $4 to $66 a barrel due to OPEC+ decisions
The United States has approached China to seek talks over Trump's 145 percent tariffs, and Beijing's door was open for discussions
Finalized during Putin's 2024 visit, the bridge project aims to boost cross-border movement
Last month, Brent and WTI marked their biggest percentage drops since November 2021
Leaders also discussed key sectors including agriculture, and mutual growth opportunities
The group's revenues climbed to AED6.2 billion, up 16 percent year-on-year
After a price increase in February, petrol rates saw a slight decrease in March and April
ENOC Group employs a multinational workforce of over 12,500 employees
Trump's tariffs have raised fears of a potential recession in the global economy this year
Company aims to increase the number of EV charging points across the UAE to 500 high-power chargers by 2028
Revenues rose by 75 percent YoY compared to the same period in 2024
U.S. crude oil stockpiles likely rose by about 500,000 barrels in the recent week
Sukuk issuance priced at 60 basis points over U.S. Treasuries attracted robust investor interest
U.S. WTI crude gained 41 cents, reaching $63.43
