Oil and gas

Middle East economic outlook shows robust growth driven by non-oil sector: OPEC

Travel and tourism surges are projected to continue, boosting demand for gasoline and diesel 

Crude oil prices climb 0.2 percent to $68.98 amid summer demand expectations, OPEC optimism

Prices fluctuated as increased travel contends with concerns over U.S. tariffs and economic growth

Oman and Türkiye strengthen energy ties in oil, gas, and renewable technologies

The agreement emphasizes sustainable development goals and transitioning to clean energy solutions 

Crude oil prices drop 0.4 percent to $68.92 on U.S. tariff threats, alleviated supply concerns

Traders consider whether the U.S. will impose tariffs on nations trading with Russia.

Solar power advances in the Middle East but fossil fuels dominate

Solar power alone grew by 23 percent year-on-year and has averaged 43 percent growth annually over the past decade

Crude oil prices rise above $70.5 as investors watch U.S. sanctions, OPEC+ output

Brent crude futures reached $70.51, while WTI saw gains amid ongoing tariff uncertainty and sanctions

OPEC projects $10.6 trillion investment needed for oil sector by 2040

OPEC Secretary General emphasized the need for balanced policies to achieve energy security and climate goals 

Moody’s upgrades Oman’s credit rating to Baa3 with stable outlook, citing improved debt metrics

Oman’s government debt burden fell to 35.5 percent of GDP, continuing an improvement trend since 2020 

Crude oil prices rise to $68.74 amid OPEC+ output increases, escalating tariff concerns

OPEC+ agreed to increase production by 548,000 barrels per day in August, pressuring oil prices 

OPEC reduces 2025 oil demand forecast to 105 million bpd, projects 122.9 million bpd by 2050

The long-term projection reflects increasing energy needs in developing nations and anticipated investments.

Crude oil prices fall 0.1 percent to $70.08 from two-week highs as tariff updates loom

Trump’s tariff delay offers hope to major trade partners while confusing smaller exporters like South Africa

Egypt launches major natural gas initiative to drill 11 wells yielding 160 billion cubic feet

Minister Karim Badawi oversaw drilling operations at Begonia-2 in the New Mansoura concession area