China

Oil prices steady on strong U.S. GDP, but headed for third weekly losses

Brent oil futures expiring in September were stable at $82.38 per barrel

Oil prices slip amid concerns over China’s demand, pending U.S. economic data

Brent crude futures for September delivery slipped 0.5 percent to $81.26 per barrel

Dubai’s DMCC reports 9 percent rise in Chinese member companies in H1 2024

DMCC has become home to 15 percent of the estimated 6,000 Chinese businesses and companies in the UAE

Oil prices rebound after recent losses as industry data shows inventory drop, but surplus looms in 2025

Brent oil futures for September delivery rose 0.5 percent to $81.40 per barrel

Oil prices fall to 1.5-month low amid weak outlook and surplus concerns

Brent oil futures expiring in September fell 0.2 percent to $82.26 a barrel

Global electricity demand to grow 4 percent in 2024, highest rise since 2007: Report

Share of renewable source in global electricity supply is forecast to rise from 30 percent in 2023 to 35 percent in 2025

UAE, China forge agreement to boost air connectivity, bilateral relations

The agreement between the UAE and China will have a substantial positive impact on the economic sectors of mutual interest

Oil prices rise as investors look for additional U.S. rate cut cues

China's slower-than-expected economic growth sparked concerns over the country's demand for oil which continues to impact prices

UAE and global gold prices lose luster amid profit-taking, dollar strength

In the UAE, gold prices fell with 24-carat gold inching up to AED293.50 per gram

Oil prices retreat amid doubts about China’s demand outlook, signaling weekly losses

Brent oil futures for September delivery shed 0.5 percent to $84.73 per barrel

Abu Dhabi, Hong Kong forge cooperative agreement to facilitate global trade, investment flows

The MoU outlines a pledge for mutual cooperation on investment promotion exchanges and support

Oil prices rise amid declining U.S. crude inventories, Fed rate cut expectations

Brent futures, the global oil benchmark, rose 32 cents, or 0.4 percent, to $85.40 per barrel

IMF maintains global GDP growth forecast at 3.2 percent for 2024

For the Middle East and Central Asia, oil production and regional conflicts continue to weigh on prospects

Gold price hits record high of $2,482.29, UAE rates surge

Markets are pricing in a rate cut of at least 25 basis points by the Fed at the September meeting

Oil prices stabilize amid declining U.S. reserves, slower China demand

Brent crude oil futures were down by 4 cents to $83.69 per barrel

Oil prices dip amidst Chinese economic slowdown, anticipation of Fed interest rate cuts

Brent crude futures fell 21 cents, or 0.25 percent, to $84.64 per barrel

Global LNG trade rises 3.1 percent in 2023 on rising demand: Report

Exports from the three largest global LNG exporters, the U.S, Australia and Qatar, accounted for 60 percent of all LNG exports in 2023

UAE gold prices steady, global rates rise as investors seek rate cut cues from Fed’s Powell

Markets are currently pricing in a 93 percent chance of an interest rate cut in September, according to the CME Fedwatch Tool

Oil prices steady amid strengthening dollar, concerns over weakening demand in China

Brent oil futures for September delivery recorded $85.10 per barrel

Oil prices rise on softer U.S. inflation, summer demand hopes

Brent oil futures for September delivery rose 0.1 percent to $85.52 per barrel

Oil prices rise on weaker dollar, tighter supply bets ahead of CPI data

Brent Oil Futures expiring in September rose 0.7 percent to $85.74 a barrel

World’s largest EV producer BYD to build $1 billion factory in Türkiye

BYD's Türkiye factory is expected to begin production by the end of 2026 and create 5,000 direct jobs

Oil prices stabilize as market monitors tropical storm Beryl, geopolitical developments

Brent oil futures for September delivery hovered around $85.72 per barrel