Oil and gas

TAQA strengthens balance sheet with AED 8.5 billion corporate loan

TAQA plans to utilize the funds in a phased manner over time, allowing it to align capital deployment with cash flow and investment timelines

Crude oil prices rise 0.15 percent to $65.89 as supply concerns grow, Ukraine peace talks stall

Ongoing geopolitical events hinder supply growth, affecting global oil prices and market stability

Crude oil prices drop to $66.20 amid upcoming peace talks between Russia and Ukraine

Analysts predict that geopolitical easing could lower crude prices to $58 per barrel by 2026

MENA records 425 M&A deals worth $58.7 billion in H1 2025, highest in 5 years

The UAE and Saudi Arabia together accounted for 87 percent of outbound deal value, with sovereign entities playing a major role

Middle East rewires for a net-zero future

Economies in the region are committed to harnessing their renewable energy potential, driving the need for comprehensive grid transformation

ADNOC L&S JV welcomes first very large ethane carrier Gas Yongjiang, projecting $4 billion revenue

Gas Yongjiang’s delivery marks a milestone in ADNOC L&S's strategy for lower-carbon energy transport 

OPEC forecasts global oil demand growth of 1.38 million bpd for upcoming year amid U.S. output decline

Supply growth from non-OPEC+ producers is projected to decrease, affecting overall market balance.

U.S. crude production to reach record 13.41 million bpd as oil demand rises to 20.4 million bpd in 2025

A decline in oil prices is expected to lead to a decrease in output in 2026

Crude oil prices see slight uptick to $66.18 as crude stockpiles increase, OPEC and EIA outlooks weigh

U.S. crude inventories rose by 1.52 million barrels last week, signaling changing market dynamics

ADIPEC 2025 set to welcome over 205,000 attendees, 2,250 exhibitors in Abu Dhabi

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

Crude oil prices rise 0.39 percent to $66.90 following U.S.-China tariff extension, trade optimism

Trump extended the tariff truce with China for an additional 90 days, averting duties

ADNOC Distribution posts highest-ever H1 EBITDA of $566 million, up 10 percent YoY

Net profit rose by 12.2 percent YoY, reaching $358 million during this period