Energy

Oil prices decline as demand forecast weakens, supply concerns subside

Brent crude futures fell by $2.27 to $75.19 per barrel

Abu Dhabi’s Borouge delivers 700,000 tons in first year under Etihad Rail agreement

Since September 2023, over 36,000 Borouge containers have moved from Al Ruwais to Khalifa Port

Oil prices fall on weak Chinese data and Middle East instability

Brent oil futures for December delivery dropped by 1.8 percent, settling at $77.65 per barrel

ADNOC JV inks $250 million contracts for two mega ammonia carriers

The agreements were finalized in Abu Dhabi at Jiangnan Shipyard’s first Middle East office opening

ADNOC gets all approvals to buy 50 percent plus 1 share stake in Fertiglobe

A block trade will occur on the Abu Dhabi Securities Exchange (ADX) today, October 11, 2024, settling on October 15

Oil prices dip amid strong U.S. inflation data, yet remain on track for weekly gains due to Middle East tensions

Brent crude futures for December delivery dropped 0.5 percent to $78.98 a barrel

COP28 President urges global unity and action at COP29 to advance climate goals, build on UAE Consensus

The UAE Consensus serves as a crucial roadmap for fulfilling the aspirations of the Paris Agreement 

Oman LNG inks 4-year sales, purchase agreement with Japanese Kansai Electric Power

Agreement encompasses the offtake of 0.4 million metric tons per annum of LNG from Oman LNG for four years starting in 2026

ADNOC Gas leverages 3D printing for 3,500 components, aiming for $50 million in savings by 2028

The adoption of 3D printing offers a sophisticated digital solution for quickly producing high-quality components 

Oil prices rise after two-day decline amid Middle East tensions, expected Chinese stimulus

Brent crude futures for December delivery climbed 0.4 percent to $76.89 a barrel

Are the BRICS gearing up to challenge the petrodollar?

De-dollarization gained momentum after the UAE and Saudi Arabia were invited to join the intergovernmental organization

QatarEnergy signs 20-year naphtha deal with Shell to deliver 18 million tons starting April 2025

QatarEnergy and Shell have a strong alliance with multiple joint investments in the energy sector, both in Qatar and globally

Oil prices rebound as market reacts to U.S. inventory surge, Middle East tensions ease

Brent crude futures for December delivery climbed 0.6 percent to $77.63 per barrel

ADNOC L&S approves $136.5 million cash dividend for H1 2024

Company aims to distribute a total dividend amount of $273 million for the full year, up 5 percent from 2023

Abu Dhabi Department of Energy engages stakeholders to improve safety, compliance in the petroleum sector

Voluntarily following safety protocols provides key benefits: safer communities, greater efficiency, cost savings, and a stronger reputation 

Oil prices retreat amidst ongoing concerns over Middle East conflict, hurricane impact

Brent crude futures for December delivery dropped 0.6 percent to $80.42 a barrel

Abu Dhabi’s Masdar expands clean energy to 31.5 GW, generating 26,700 GWh and avoiding 14 million tons of CO2e

This is up from 10 million tons last year, equivalent to removing nearly 870,000 vehicles 

Oil prices remain stable as investors assess Middle East tensions, global supply dynamics

Brent crude futures fell by 8 cents, or 0.1 percent, settling at $77.54 a barrel

WEF introduces innovative digital platform to boost clean energy investments in emerging markets

The platform outlines 100 policy measures, financial mechanisms, and de-risking strategies from the past two decades

ADX records 15 major deals on ADNOC Gas and Modon valued at $724.2 million

The first transaction involved 505.8 million shares of Modon Holding for AED2.44 billion across six deals at AED4.83 per share 

Saudi Aramco completes $3 billion international sukuk issuance

Issuance supports Aramco’s efforts to diversify and broaden its investor base, further enhance liquidity and re-establish its sukuk yield curve

OPEC+ maintains output cut policy in October as oil prices surge above $75

In September, oil prices slid below $70 per barrel for the first time since 2021

Oil prices surge amid fears of Middle East conflict disrupting crude shipments

Brent crude futures climbed by 80 cents, or 1.08 percent, reaching $74.70 a barrel

ADIPEC 2024: Global energy industry to explore role of AI, finance in energy transition

Three new conferences to feature new voices from finance, technology, youth and the Global South