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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
Crude oil prices edge up 0.4 percent amid supply concerns and demand focus
Brent oil futures for February rose by 0.4 percent to $72.91 a barrel
Energy
Oil prices rise 0.4 percent amid U.S. shutdown relief, positive inflation trends
Brent crude futures for February rose by 0.4 percent to $73.20 a barrel
Economy
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
Energy
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
Energy
ADNOC Logistics & Services acquires 20 offshore assets in 2024
The company reported 51 percent revenue growth in integrated logistics for 2024
Energy
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
Energy
Crude oil prices show little movement ahead of Fed meeting
Brent oil futures for February delivery held steady at $73.20 a barrel
Energy
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
Energy
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
Energy
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
Energy
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
Energy
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
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