Energy

Oil prices surge modestly amid China’s stimulus optimism and U.S. economic indicators

Brent crude futures for February delivery ascended by 0.4 percent to $72.47 a barrel

Oil prices slip as market reacts to China’s stimulus and Middle East instability

Brent oil futures for February delivery decreased by 0.2 percent, settling at $72.00 per barrel

Dubai’s green hydrogen production reduces 450 tonnes of CO2 emissions

The project produces about 20 kilogrammes of hydrogen per hour

Oil prices rise on Middle East uncertainty despite weaker China demand

The number of oil and gas rigs deployed in the U.S. last week hit the highest since mid-September

Abu Dhabi’s NMDC LTS signs definitive agreement to acquire 70 percent equity stake in Emdad

The acquisition, pending regulatory approvals, will allow NMDC to expand into oilfield services

OPEC+ extends oil output cuts until end of 2026

Despite the group's efforts in limiting supply, Brent crude has mostly stayed in a $70-$80 per barrel range this year

Oil prices decline as OPEC+ prolongs supply cuts

Brent crude futures for February delivery fell by 0.4 percent to $71.80 a barrel

Oil prices edge up amid U.S. inventory draw, OPEC+ meeting in view

Brent crude futures, set to expire in February, climbed by 0.1 percent to $72.37 a barrel

ADNOC Gas awards design contract for Bab Gas Cap’s gas processing facilities

New facilities will likely boost ADNOC Gas’ current processing capacity by 20 percent

Oil prices fall modestly as U.S. inventories rise, OPEC+ meeting approaches

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