Economy Middle East

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Oil prices decline as Middle East tensions ease: Brent crude falls below $90
Markets

Oil prices decline as Middle East tensions ease: Brent crude falls below $90

Investors await consumer price index data from U.S. and China later this week

Saudi Aramco expands Fadhili Gas Plant with $7.7 billion in EPC contracts
Energy

Saudi Aramco expands Fadhili Gas Plant with $7.7 billion in EPC contracts

This expansion initiative aims to enhance the plant's processing capacity from 2.5 to a potential 4 bscfd

Abu Dhabi’s ADNOC Gas shareholders approve $3.25 billion dividend for 2023
Energy

Abu Dhabi’s ADNOC Gas shareholders approve $3.25 billion dividend for 2023

Company plans to invest over $13 billion between 2024 and 2029 in growth opportunities

Saudi Arabia’s ADES Holding inks two agreements for oil exploration and production in Egypt’s Gulf of Suez
Energy

Saudi Arabia’s ADES Holding inks two agreements for oil exploration and production in Egypt’s Gulf of Suez

For FY 2023/2024, Egypt has raised its projected total investments in oil and natural gas to $5.79 billion

Oman LNG inks deal to provide LNG supply to Germany’s SEFE
Energy

Oman LNG inks deal to provide LNG supply to Germany’s SEFE

The LNG deliveries from Oman to Germany scheduled between 2026 and 2029

Qatar’s fiscal strength, gas expansion plans earn ‘AA’ rating upgrade: Report
Economy

Qatar’s fiscal strength, gas expansion plans earn ‘AA’ rating upgrade: Report

The report expressed confidence in Qatar's debt-to-GDP ratio

Saudi Arabia’s industrial production index up 0.3 percent in January on mining and quarrying
Industry

Saudi Arabia’s industrial production index up 0.3 percent in January on mining and quarrying

Manufacturing activities in the Kingdom rose by 1.1 percent in January 2024

Saudi Aramco discovers 15 trillion cubic feet of gas in Jafurah field
Energy

Saudi Aramco discovers 15 trillion cubic feet of gas in Jafurah field

Jafurah field's resources reach 229 trillion cubic feet of gas and 75 billion barrels of condensate

ADNOC and bp to form gas joint venture to focus on Egypt
Energy

ADNOC and bp to form gas joint venture to focus on Egypt

The formation of the JV is expected to be complete later this year.

ADNOC Gas inks 10-year deal with Indian firm to supply 0.5 million tons of LNG
Sustainability

ADNOC Gas inks 10-year deal with Indian firm to supply 0.5 million tons of LNG

Global demand for LNG rises in sustainable energy transition

Oil prices witness slight uptick amid continued tensions in Red Sea
Markets

Oil prices witness slight uptick amid continued tensions in Red Sea

Rebounding U.S. output, Libyan and Norwegian supply boosts influence oil prices

Crude exports surge in Saudi Arabia, reaching five-month high
Energy

Crude exports surge in Saudi Arabia, reaching five-month high

Saudi refinery output declined by 0.47 percent, reached 2.11 million bpd