Energy

Oil prices up 0.3 percent to $73.27, recovering from 2-month low; economic concerns persist

West Texas Intermediate (WTI) crude futures climbed 0.4 percent to $69.17 a barrel

ADQ, Eni partner to strengthen supply chain security of critical minerals in support of energy transition

The collaboration focuses on investments in Africa, North America, and Central Asia across the critical minerals value chain

Oil prices rise 0.6 percent to $75.19 as new U.S. sanctions on Iran ignite supply concerns

West Texas Intermediate (WTI) crude futures increased by 0.7 percent to $70.92 per barrel

Oil prices fall 0.3 percent to $74.24 amid weak U.S. economic data

West Texas Intermediate (WTI) crude futures fell 0.4 percent to trade at $69.97 per barrel

Oil prices set for 3 percent weekly gain on Russia supply concerns, strong U.S. demand

The EIA reported on Thursday that U.S. crude oil stockpiles rose, while gasoline and distillate inventories fell last week

Abu Dhabi’s ADNOC to sell 4 percent stake in ADNOC Gas through marketed offering

The offering will only be open to qualified institutional and other investors in a number of countries, including the UAE

ADNOC’s listed companies to distribute $6.7 billion in dividends after posting $49.7 billion in total 2024 revenue

Together, the six companies reported a net profit surpassing $9 billion for the year

Sheikh Khaled reviews ADNOC’s growth initiatives, highlights joint projects’ importance for UAE’s decarbonization efforts

H.H. was briefed on XRG, ADNOC's new investment company targeting global energy transformations

Oil prices fall to $75.73 on reports of U.S. crude inventories rising

Analysts forecasted that about 2.2 million barrels of crude was added to U.S. stockpiles in the week ended on February 14

Saudi Aramco to acquire 25 percent stake in Unioil Petroleum Philippines

The agreement, subject to standard conditions, supports the company's strategy to expand its global retail network

Brazil to join OPEC Charter of Cooperation

Brazil will serve as an advisor in the Charter of Cooperation, without production or price obligations

Saudi Arabia’s ACWA Power secures $693 million deal to acquire power and water assets in Kuwait, Bahrain

This deal includes a 4.6-gigawatt power generation portfolio and 1.114 million cubic meters of desalination

Oil prices rise 0.3 percent to $76.04 amid supply disruptions, U.S.-Russia talks

West Texas Intermediate crude futures also experienced a 0.3 percent rise, reaching $72.03 per barrel

Abu Dhabi’s Masdar, TotalEnergies, EPointZero establish Framework for Action to drive clean energy access in Africa, Asia

Agreement will enhance collaboration to provide reliable, sustainable electricity for African communities

Oil prices drop 0.2 percent to $75.10 as OPEC+ considers output delays

Crude Oil WTI Futures set to expire in March increased by 0.7 percent to $71.17 per barrel

Saudi Arabia ranks among top 10 in global energy storage

The Kingdom aims to achieve a storage capacity of up to 48 gigawatt-hours by 2030

Asia to drive oil demand growth in 2025 as cuts, sanctions reduce supply surplus: IEA

China will marginally remain the largest source of growth, even as the pace of its expansion is a fraction of recent trends

Oil prices steady at $74.76 as Trump tariffs loom, Russia-Ukraine peace talks emerge

Crude Oil WTI Futures expiring in March were similarly muted at $70.69 a barrel

$700 million pact to boost Oman-GCC direct power grid with 1,700 MW capacity

GCCIA, QFFD signed a landmark financing deal for Oman direct interconnection project

ADNOC Drilling net profit grows 26 percent to record $1.3 billion in 2024

The company's revenues surged 32 percent to $4.03 billion last year

Oil prices rise to $75.16, break third weekly decline as trade war fears ease

This week, Brent was up 0.7 percent and WTI rose 0.5 percent

Dubai achieves world’s lowest electricity Customer Minutes Lost per year

Al Tayer: "We have reduced CML in the emriate from 6.88 minutes per year in 2012 to just 0.94 minutes in 2024

TAQA revenues grow 6.7 percent to $15 billion in 2024, net income hits $1.93 billion

The group's capital expenditure increased by 63.8 percent to AED9.2 billion