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Record performance highlights strong fuel volumes, retail growth, and contributions from Saudi Arabia and Egypt
Cumulative investment requirements are estimated at $17.4 trillion between 2024 and 2050
Such tariffs could potentially hinder global economic growth as well as energy demand
These projects will continue in parallel with development, exploration and production operations to ensure maximum benefit from gas resources
Crude oil WTI futures for March delivery increased by 0.6 percent to $71.13 per barrel
Crude oil WTI futures for March delivery rose by 0.1 percent, reaching $72.44 a barrel
EIA was removed due to inadequate communication, not because of political motivations or pressures, OPEC said
Crude oil WTI futures expiring in March dropped 1 percent to $71.70 a barrel.
The focus on oil prices increase highlights concerns over potential supply disruptions from Canada and Mexico
Attention focused on key U.S. PCE inflation data later today for clues on interest rates
In December, UAE petrol and diesel prices hit their lowest for 2024, continuing into 2025
In 2024, Saudi Arabia’s economy rebounded, with real GDP increasing by 1.3 percent year-over-year
