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Since October 2022, the organization has cut crude oil production by 5.8 million barrels per day
With 400+ exhibitors showcasing next-gen tech
Crude oil WTI futures for March also fell by 0.3 percent, reaching $77.12 per barrel
Crude oil WTI Futures expiring in March increased by 1.7 percent, hitting $77.06 a barrel
The UAE is Brazil's second-largest Middle Eastern trade partner, with $2.64 billion in non-oil trade in early 2024
Brent oil futures set to expire in March climbed by 0.4 percent to reach $77.22 per barrel
Investment is part of the ADNOC Gas $15 billion CAPEX plan through 2029
Project enables the delivery of natural gas with an annual capacity of 2.3 million tons
Brent crude futures for March delivery decreased by 0.5 percent, settling at $75.79 per barrel
This initiative positions Dubai as a leader in sustainable energy and reduces the maritime sector's carbon footprint
West Texas Intermediate crude futures also rose by 0.5 percent to $73.97 a barrel
U.S. West Texas Intermediate (WTI) crude dropped by 15 cents, or 0.19 percent, to $73.42
Diriyah and Wadi Safar electricity substations will be operated by Saudi Electricity Company
Amid demand optimism and dollar strength
DEWA began using AI in 2017 and was one of the first utilities globally to implement Microsoft’s Copilot
Projections were informed by critical factors and data, based on an average oil barrel price of $60
Both oil contracts are on track to achieve a second consecutive weekly increase
Crude oil WTI futures for February delivery also surged 0.7 percent to $71.75 per barrel
Since 2015, the UAE diesel and petrol prices have been moving in line with the international markets.
WTI futures for February delivery also saw a 0.7 percent increase, reaching $71.05 per barrel
Abu Dhabi approved in 2024 a total of 144 projects with a budget of $17.97 billion
These contracts are integral to the ongoing initiatives to boost the country's electrical infrastructure and ensure its long-term viability
This marks the first direct link between the Eastern Region and the Red Sea destination
U.S. West Texas Intermediate crude saw an 8-cent decline, bringing it to $70.52 a barrel
