Oil and gas
U.S. and China cut tariffs temporarily, boosting markets but leaving uncertainties unresolved.
EBITDA rose by 20 percent to $343.6 million, driven by robust performance across all business segments
Chinese Vice Premier He Lifeng said a U.S.-China joint statement would be released on Monday
Despite signs of easing tensions, analysts cautioned that the recent tariff-driven volatility in the oil market was not over yet
Despite gains, oil prices have suffered significant losses in 2025 due to slowing demand and rising production
Crude stocks fell by 4.5 million barrels recently, with analysts expecting further declines in inventories
Net proceeds will support ADNOC Group for general corporate purposes and funding diversification
Saudi Arabia’s total revenues hit $70.3 billion in Q1 2025 amid strong commitment to economic vision
Kingdom’s oil revenues generated $39.94 billion during the quarter
EBITDA rose by 11 percent to $275 million, the highest first-quarter result since 2017 IPO
Brent crude futures reached $61.20, while U.S. West Texas Intermediate settled at $58.05 a barrel
These three rigs are in addition to the three ordered in July 2024
