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Ongoing geopolitical events hinder supply growth, affecting global oil prices and market stability
Analysts predict that geopolitical easing could lower crude prices to $58 per barrel by 2026
The UAE and Saudi Arabia together accounted for 87 percent of outbound deal value, with sovereign entities playing a major role
Gas Yongjiang’s delivery marks a milestone in ADNOC L&S's strategy for lower-carbon energy transportÂ
Supply growth from non-OPEC+ producers is projected to decrease, affecting overall market balance.
A decline in oil prices is expected to lead to a decrease in output in 2026
U.S. crude inventories rose by 1.52 million barrels last week, signaling changing market dynamics
The event will continue to promote a balanced energy approach by championing all viable energy sources and technologies that support sustainability, affordability, and low-carbon development
Trump extended the tariff truce with China for an additional 90 days, averting duties
Net profit rose by 12.2 percent YoY, reaching $358 million during this period
OPEC+ agreed to boost oil production by 547,000 barrels per day for September, ending cuts
OPEC+ agreed to increase oil production by 547,000 barrels per day for September
