Oil and gas

Fitch upgrades Oman’s outlook to positive, affirms BB+ credit rating amid fiscal improvements

Oman’s budget is expected to have a 2 percent GDP surplus in 2024, dropping to 0.7 percent in 2025

Crude oil prices face weekly decline of over 2 percent amid Fed’s demand concerns

Brent oil futures set to expire in February slipped 0.5 percent to $72.49 a barrel

ADNOC Logistics & Services acquires 20 offshore assets in 2024

The company reported 51 percent revenue growth in integrated logistics for 2024

Crude oil prices fall 0.6 percent following Fed’s 0.25 basis point rate cut

Brent oil futures for February delivery decreased by 0.5 percent to $73.02 per barrel

Crude oil prices show little movement ahead of Fed meeting

Brent oil futures for February delivery held steady at $73.20 a barrel

Crude oil prices fall ahead of Fed meeting amid weak Chinese economic data

Brent Oil Futures decreased by 0.2 percent, settling at $73.81 per barrel

Arcius Energy: XRG and bp launch new natural gas joint venture 

Announced in February 2024, bp holds 51 percent and XRG, ADNOC's firm, 49 percent

Crude oil prices dip amid cautious market sentiment and Fed meeting

Brent Oil Futures expiring in February fell 0.3 percent to $74.28 a barrel

The UAE hikes its climate ambitions in submission to the UN

In its updated NDC, the country aims to reduce greenhouse gas emissions by 47 percent by 2035 compared to 2019 levels

Oil prices dip amid supply surplus expectations and China’s stimulus efforts

Brent oil futures fell by 0.1 percent to $73.34 per barrel

OPEC cuts oil demand growth forecast for 2024, 2025

2024 global oil demand to rise by 1.61 million barrels per day, down from 1.82 million barrels per day last month

Oil prices surge modestly amid China’s stimulus optimism and U.S. economic indicators

Brent crude futures for February delivery ascended by 0.4 percent to $72.47 a barrel

Oil prices slip as market reacts to China’s stimulus and Middle East instability

Brent oil futures for February delivery decreased by 0.2 percent, settling at $72.00 per barrel

Abu Dhabi’s NMDC LTS signs definitive agreement to acquire 70 percent equity stake in Emdad

The acquisition, pending regulatory approvals, will allow NMDC to expand into oilfield services

Oil prices decline as OPEC+ prolongs supply cuts

Brent crude futures for February delivery fell by 0.4 percent to $71.80 a barrel

Oil prices edge up amid U.S. inventory draw, OPEC+ meeting in view

Brent crude futures, set to expire in February, climbed by 0.1 percent to $72.37 a barrel

Oil prices fall modestly as U.S. inventories rise, OPEC+ meeting approaches

Brent oil futures for February delivery dipped 0.1 percent to $73.58 a barrel

UAE supplies Japan with 47.8 percent of its oil imports in October 2024

Japan imported in October 31.80 million barrels of oil from the UAE 

World Bank: GCC growth projected at 1.6 percent in 2024, 4.2 percent in 2025-2026

UAE's economic growth is projected at 3.3 percent in 2024, driven by 4.1 percent non-oil sector growth 

UAE National Day: Bahraini landmarks celebrate 53rd Eid Al Etihad with UAE flag colors

Bahrain’s Prince Salman congratulated UAE President on 53rd National Day

Oil prices climb on positive data from China; OPEC meeting on the horizon

Brent crude futures for February increased by 0.3 percent to $72.02 a barrel

Oil prices face weekly decline amid easing Middle East tensions, anticipation of OPEC+ meeting

Brent crude futures for January fell by 0.1 percent to $73.21 per barrel

Saudi economy grows 64 percent to $1.09 trillion in nominal GDP from 2016 to 2023, says Finance Minister

Al-Jadaan projected a 4.6 percent growth rate for non-oil GDP in Saudi Arabia in 2025