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Russia is the world's third-largest oil producer and sanctions imposed on its crude exports have supported higher prices
OPEC noted that it remains to be seen how and to what extent potential U.S. tariffs and other policy measures will play out
Group's earnings per share rose by 36 percent while total assets grew 59 percent to AED33.2 billion
U.S. West Texas Intermediate (WTI) crude fell by 28 cents, or 0.4 percent, to $73.04 a barrel
Record performance highlights strong fuel volumes, retail growth, and contributions from Saudi Arabia and Egypt
Cumulative investment requirements are estimated at $17.4 trillion between 2024 and 2050
The world’s first 24/7 solar PV, battery storage giga scale project will help unlock the potential of solar energy
Such tariffs could potentially hinder global economic growth as well as energy demand
These projects will continue in parallel with development, exploration and production operations to ensure maximum benefit from gas resources
Trump announced 25 percent tariffs on all steel and aluminum imports, escalating trade policy amidst existing metal duties
Crude oil WTI futures for March delivery increased by 0.6 percent to $71.13 per barrel
Brent crude prices gained 0.51 percent to $74.67 but were set to fall 2.8 percent this week
Adjusted revenues increased by 7 percent in 2024 to $24.43 billion driven by a 2 percent increase in sales volume
Analysts expect markets to remain volatile in the coming weeks as investors adjust to Trump's new policy positions and tariffs
Crude oil WTI futures for March delivery rose by 0.1 percent, reaching $72.44 a barrel
EIA was removed due to inadequate communication, not because of political motivations or pressures, OPEC said
Crude oil WTI futures expiring in March dropped 1 percent to $71.70 a barrel.
The focus on oil prices increase highlights concerns over potential supply disruptions from Canada and Mexico
The company achieved record growth in its net profits for Q4 2024, reporting a net profit of AED502 million
Attention focused on key U.S. PCE inflation data later today for clues on interest rates
In December, UAE petrol and diesel prices hit their lowest for 2024, continuing into 2025
West Texas Intermediate crude futures climbed 0.3 percent to $72.81 a barrel
Crude prices saw some losses this week amid concerns over weak Chinese economic data
DeepSeek questions the need for data center investments, suggesting fewer centers may lower energy demand
