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The May hike is the next increment of the plan to gradually unwind the most recent output cut of 2.2 million bpd
OPEC+ now aims to return 411,000 barrels per day to the market in May, up from 135,000 bpd as initially planned
Both companies signed a 24-year PPA to develop the Al Dhafra OCGT project
Imports of oil, gas and refined products were exempted from the new tariffs, the White House said
The Authority aims to consolidate Dubai's global position in climate action by transforming challenges into opportunities
Cost of filling a full tank of petrol varies depending on the type of vehicle you drive
Traders raised oil's risk premium, anticipating supply disruptions from Trump's actions and policies
Both contracts gained over 2 percent so far this week and more than 7 percent since hitting multi-month lows in early March
Tariffs that increase vehicle prices may suppress auto sales and, consequently, the demand for oil products
American Petroleum Institute data showed that U.S. crude inventories fell by 4.6 million barrels last week
Upon completion, the project will generate approximately 50 million kilowatt-hours of clean electricity annually
Masdar's collaboration with Endesa is expected to greatly support Spain's National Energy and Climate Plan targets
OPEC+ ready to move forward with scheduled output increase in May
Aramco's investments in China are currently in Fujian, Liaoning, Zhejiang and Tianjin
BHIG targets the production of blue hydrogen through the capture and storage of carbon dioxide
Company's dividend was the highest of any issuer on ADX in 2024
West Texas Intermediate (WTI) crude futures lost 0.3 percent to $67.67 per barrel
In 2024, DEWA Group delivered another year of strong performance, reporting consolidated full-year revenue of AED30.98 billion
The U.S. dollar index gained 0.15 percent to 104.01 on Friday, making crude more expensive for foreign buyers
Company’s aims to achieve net-zero Scope 1 and Scope 2 greenhouse gas emissions across its wholly-owned operated assets by 2050
Investors are cautious ahead of the Fed meeting, expecting rates to remain unchanged
The agreement was the result of six months of negotiations and aims to enhance cooperation at all levels
The final shareholder-approved cash dividend payment for 2024 amounts to $394 million
West Texas Intermediate (WTI) crude futures also rose by 0.4 percent to $67.61 per barrel
