Energy

New Russia-North Korea bridge to boost trade and tourism, enhance economic ties

Finalized during Putin's 2024 visit, the bridge project aims to boost cross-border movement

Crude oil prices fall to $63.12 amid prospects of stronger supply from OPEC+

Last month, Brent and WTI marked their biggest percentage drops since November 2021

UAE, Ecuadorian Presidents discuss renewable energy, trade opportunities

Leaders also discussed key sectors including agriculture, and mutual growth opportunities

NMDC Group reports 22 percent rise in net profit to $213.45 million in Q1 2025

The group's revenues climbed to AED6.2 billion, up 16 percent year-on-year

UAE petrol and diesel prices for May 2025: Full list by fuel type

After a price increase in February, petrol rates saw a slight decrease in March and April

ENOC Group achieves major sustainability, retail, and talent development goals in 2024

ENOC Group employs a multinational workforce of over 12,500 employees

Oil prices fall to $62.50 as trade war weighs on demand, supply concerns rise

Trump's tariffs have raised fears of a potential recession in the global economy this year 

ADNOC Distribution plans expansion to 1,000 stations by 2028 amid robust financial performance

Company aims to increase the number of EV charging points across the UAE to 500 high-power chargers by 2028

Crude oil prices drop to $65.41 amid investor concerns surrounding U.S.-China trade relations

U.S. crude oil stockpiles likely rose by about 500,000 barrels in the recent week

Abu Dhabi National Oil Company (ADNOC) raises $1.5 billion through 10-year sukuk issuance

Sukuk issuance priced at 60 basis points over U.S. Treasuries attracted robust investor interest

Jordan’s new Watani company to optimize natural gas resources, lower energy costs

New company will supply gas to Amman and Zarqa, lowering costs in key sectors.

Oil prices rise to $66.98, set for weekly loss on higher global supply potential 

Brent is on track for a 2 percent weekly fall while WTI crude is set to decline 2.9 percent for the week

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