Oil

UAE and Kuwait enhance partnerships in AI, energy, transportation through strategic MoUs

Key sectors include oil and gas, social development, and infrastructure to support mutual goals 

Crude oil prices fall to $65.40 as OPEC+ output rises despite concerns over Canadian supply

OECD revised down its global growth forecast due to the impacts of trump's trade war

ADNOC Gas becomes largest addition to MSCI Index in 2025 boosting market capitalization

ADNOC Gas's inclusion follows a successful $2.8 billion share offering, expanding public share availability 

Crude oil prices rise above $64.85 driven by OPEC+ decision, supply fears

Wildfires in Alberta temporarily shut down oil production, further heightening supply concerns

Oman’s public revenues reach $33.2 billion in 2024 driven by hydrocarbon gains

Public spending reached OMR12.241 billion, primarily driven by subsidies for oil and development projects

Oil prices climb more than $1 a barrel as OPEC+ raises output by 411,000 bpd

Low U.S. fuel inventories raise supply concerns as operational oil rigs decline to the lowest level since November 2021 

UAE fuel prices reveal minor changes as diesel rates decrease in June 2025

Special 95 petrol is steady at AED2.47 per litre, mirroring May’s pricing for motorists

OPEC+ establishes new mechanism for evaluating maximum sustainable production capacity

Current production levels will remain in place through the end of December 2026, ensuring stability

Oman public revenues reach $6.85 billion by end of Q1 2025 

Net oil revenue totaled OMR1,468 million at the end of Q1 2025, marking a 13 percent drop 

Crude oil prices rise above $63.85 amid supply risks from Venezuela, OPEC+ expectations

Investors weigh supply risks after U.S. bars Chevron from exporting Venezuelan crude oil under new authorization

ADNOC Drilling secures $1.15 billion long-term contract for new jack-up rigs

New jack-up rigs will integrate AI and digitalization for superior efficiency and performance

Crude oil prices edge down to $63.85 as OPEC+ meeting approaches

Market anticipates OPEC+ decision on increased crude oil output, affecting global prices