Oil and gas
Trump's new tariffs on U.S. trading partners are scheduled to take effect on August 1
UAE’s fuel pricing reflects international crude oil prices and ensures economic stability nationwide
In 2025, ADNOC Drilling secured approximately $4.8 billion in new contracts — its strongest-ever backlog addition
Trump plans secondary tariffs of 100 percent unless Russia resolves its conflict within 10 days
The U.S.-EU agreement imposed a 15 percent tariff, averting a major trade war impact
Brent crude is up 0.4 percent so far this week, while WTI has declined by 1.4 percent
Traders worry Trump's tariffs may slow global economic growth and reduce energy demand significantly
U.S. tariffs on EU imports are expected to raise trade anxieties beyond the oil sector
U.S. crude inventories fell by 3.9 million barrels, exceeding expectations for a substantial decrease
OPEC projects better global economic performance in the second half, improving oil demand expectations
The June PMI rose to 53.5, indicating ongoing expansion despite slight deceleration in momentum
