Oil

ADNOC completes $2.84 billion offering of ADNOC gas shares with 4.4x oversubscription

Offering was priced at AED3.40 per share, roughly 43 percent above the IPO price of AED2.37 per share

Oil prices set for 3 percent weekly gain on Russia supply concerns, strong U.S. demand

The EIA reported on Thursday that U.S. crude oil stockpiles rose, while gasoline and distillate inventories fell last week

Sheikh Khaled reviews ADNOC’s growth initiatives, highlights joint projects’ importance for UAE’s decarbonization efforts

H.H. was briefed on XRG, ADNOC's new investment company targeting global energy transformations

Saudi Aramco to acquire 25 percent stake in Unioil Petroleum Philippines

The agreement, subject to standard conditions, supports the company's strategy to expand its global retail network

Brazil to join OPEC Charter of Cooperation

Brazil will serve as an advisor in the Charter of Cooperation, without production or price obligations

Oil prices rise 0.3 percent to $76.04 amid supply disruptions, U.S.-Russia talks

West Texas Intermediate crude futures also experienced a 0.3 percent rise, reaching $72.03 per barrel

Oman’s GDP rose 1.9 percent in H1 2024, fueled by 3.6 percent non-oil growth: Central Bank

Despite global challenges, the Omani economy has demonstrated resilience in handling various economic shocks

Oil prices drop 0.2 percent to $75.10 as OPEC+ considers output delays

Crude Oil WTI Futures set to expire in March increased by 0.7 percent to $71.17 per barrel

Oil prices steady at $74.76 as Trump tariffs loom, Russia-Ukraine peace talks emerge

Crude Oil WTI Futures expiring in March were similarly muted at $70.69 a barrel

Oil prices rise to $75.16, break third weekly decline as trade war fears ease

This week, Brent was up 0.7 percent and WTI rose 0.5 percent

ADNOC L&S announces revenue of $3.55 billion in 2024, up 29 percent year-on-year

EBITDA rose by 31 percent to $1.15 billion during this period, propelled by robust performance across all business sectors

Oil prices dip to $76.75 following increase in U.S. crude stockpiles

U.S. West Texas Intermediate (WTI) crude fell by 28 cents, or 0.4 percent, to $73.04 a barrel