Energy

U.S. crude oil stockpiles surge by 244,000 barrels, gasoline inventories plummet by 4.5 million: EIA 

U.S. crude imports surged 1.14 million barrels daily, the highest increase since late 2024 

Oil prices rise to $66.18 following 2 percent dip on potential OPEC+ output increases

The U.S. and China could be moving closer to trade talks, which gives oil prices some support

Oil prices climb to $67.99 on declining U.S. crude stocks, trade optimism

U.S. crude oil inventories fell by about 4.6 million barrels last week, per API data

U.S. solar panel tariffs could reach 3,521 percent to combat Chinese subsidies

Decision follows nearly a year of anti-dumping investigations by U.S. solar manufacturers

Earth Day 2025: UAE marks milestones in environmental progress, protection

The country is setting global standards in sustainability

Oil prices climb to $66.77 as Trump pressures Fed, tariffs cloud outlook

Trump criticized Fed Chair Powell, warning the U.S. economy could slow without immediate rate cuts

Oil prices fall to $66.86 as tariff concerns, economic uncertainty grow

Markets remained nervous about aggressive U.S. tariffs and the ongoing trade war with China

ADNOC Offshore awards ADNOC Drilling $1.63 billion five-year drilling services contract

As demand for advanced energy solutions increases, the growth of ADNOC Drilling’s IDS portfolio is a cornerstone of its strategy

Oil prices rise to $66.57 on tighter supply prospects as some OPEC members pledge more cuts

Both benchmarks are on track for their first weekly rise in three weeks after recording their highest levels since April 3 on Wednesday

Oman, Netherlands forge hydrogen agreements to boost clean energy collaboration

Signing occurred during the "state visit" of His Majesty Sultan Haitham bin Tarik to the Netherlands

OPEC, IEA slash global oil demand growth forecast amid trade tensions

The IEA revised global oil demand up by 730,000 bpd, down from 1.03 million

Kuwait begins merger process of state-owned oil firms KIPIC and KNPC

Kuwait seeks to gradually increase oil production capacity to 4 million bpd by 2035

Oil prices rise to $65 on U.S. tariff exemptions, China crude demand

Trump is considering changes to the 25 percent tariffs on foreign auto imports from various regions

Saudi Arabia: U.S. energy secretary stresses importance of promoting mutual investment in energy supplies

The two sides discussed strengthening bilateral cooperation across multiple energy fields and other areas of mutual interest

Dubai to host 27th WETEX in September, highlighting UAE’s renewable energy leadership in MENA

Upcoming edition will include highlights such as the Green Mobility Zone and the Future Energy Landscape Forum

Oil prices drop to $64.47 as U.S.-China trade war affects global growth outlook

Goldman Sachs expected oil prices to decline through 2026

UAE President, U.S. energy secretary reaffirm commitment to strengthening global energy security

Sheikh Mohamed reaffirmed the UAE’s commitment to deepening its longstanding and constructive partnership with the U.S.

Oil prices dip to $63 per barrel as U.S.-China trade war raises demand concerns

Brent is set to fall 4 percent this week, while WTI is set to decline 3.8 percent

Oil prices decline over 1 percent as U.S. ramps up China tariffs

Following the tariff pause for most countries, oil prices settled 4 percent higher on Wednesday

Saudi Arabia discovers 14 new oil and gas fields in Eastern Region, the Empty Quarter

The discoveries include six fields and two reservoirs of Arabian oil, as well as two fields and four reservoirs of natural gas

U.S. energy secretary to visit UAE in first overseas mission as UAE-U.S. energy ties deepen

Visit will focus on expanding cooperation to enable sustainable economic growth and energy innovation across both nations

Saudi Aramco, China Sinopec announce Yasref petrochemicals complex expansion

This initiative aims to boost Yasref's capabilities and global standing in the petrochemical sector