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Economy Middle East Summit 2025
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Economy Middle East Summit 2025
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Oil and gas
Energy
Oil prices drop 0.2 percent to $75.10 as OPEC+ considers output delays
Crude Oil WTI Futures set to expire in March increased by 0.7 percent to $71.17 per barrel
Energy
Oil prices steady at $74.76 as Trump tariffs loom, Russia-Ukraine peace talks emerge
Crude Oil WTI Futures expiring in March were similarly muted at $70.69 a barrel
Energy
ADNOC Drilling net profit grows 26 percent to record $1.3 billion in 2024
The company's revenues surged 32 percent to $4.03 billion last year
Banking & Finance
ADNOC L&S announces revenue of $3.55 billion in 2024, up 29 percent year-on-year
EBITDA rose by 31 percent to $1.15 billion during this period, propelled by robust performance across all business sectors
Energy
Oil prices dip to $76.75 following increase in U.S. crude stockpiles
U.S. West Texas Intermediate (WTI) crude fell by 28 cents, or 0.4 percent, to $73.04 a barrel
Banking & Finance
ADNOC Distribution posts record $1.05 billion EBITDA for FY 2024, up 4.8 percent year-on-year
Record performance highlights strong fuel volumes, retail growth, and contributions from Saudi Arabia and Egypt
Energy
$640 billion investment needed annually to address growing oil demand, says OPEC Secretary-General
Cumulative investment requirements are estimated at $17.4 trillion between 2024 and 2050
Energy
Oil prices climb to $75.87 amid concerns over Trump’s tariffs
Such tariffs could potentially hinder global economic growth as well as energy demand
Energy
Iraq’s Oil Ministry unveils collaborative plan with BP to develop Kirkuk fields
These projects will continue in parallel with development, exploration and production operations to ensure maximum benefit from gas resources
Energy
Oil prices rise 0.5 percent to $75.06 despite new Trump tariffs; China inflation disappoints
Crude oil WTI futures for March delivery increased by 0.6 percent to $71.13 per barrel
Energy
Oil prices fall 0.1 percent to $76.13 amid U.S.-China tariff tensions
Crude oil WTI futures for March delivery rose by 0.1 percent, reaching $72.44 a barrel
Energy
OPEC+ sticks to oil production plan, ditches U.S. EIA from oversight sources
EIA was removed due to inadequate communication, not because of political motivations or pressures, OPEC said
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