Oil and gas

Oil prices climb to $66.77 as Trump pressures Fed, tariffs cloud outlook

Trump criticized Fed Chair Powell, warning the U.S. economy could slow without immediate rate cuts

Oil prices fall to $66.86 as tariff concerns, economic uncertainty grow

Markets remained nervous about aggressive U.S. tariffs and the ongoing trade war with China

ADNOC Offshore awards ADNOC Drilling $1.63 billion five-year drilling services contract

As demand for advanced energy solutions increases, the growth of ADNOC Drilling’s IDS portfolio is a cornerstone of its strategy

GCC banks positioned to weather economic storms from U.S. trade policies: Report

New S&P report highlights GCC banks' solid strategies in volatile markets

Oil prices edge lower to $64.49 as IEA warns of slowing demand growth

U.S. West Texas Intermediate crude fell by 16 cents, also down 0.3 percent, to $61.17

OPEC, IEA slash global oil demand growth forecast amid trade tensions

The IEA revised global oil demand up by 730,000 bpd, down from 1.03 million

Oil prices rise to $65 on U.S. tariff exemptions, China crude demand

Trump is considering changes to the 25 percent tariffs on foreign auto imports from various regions

Gulf Arab States develop electric vehicle infrastructure to curb emissions

The UAE plans to have EVs account for 50 percent of car sales by 2050

Saudi Arabia: U.S. energy secretary stresses importance of promoting mutual investment in energy supplies

The two sides discussed strengthening bilateral cooperation across multiple energy fields and other areas of mutual interest

Oil prices drop to $64.47 as U.S.-China trade war affects global growth outlook

Goldman Sachs expected oil prices to decline through 2026

UAE President, U.S. energy secretary reaffirm commitment to strengthening global energy security

Sheikh Mohamed reaffirmed the UAE’s commitment to deepening its longstanding and constructive partnership with the U.S.

Saudi Arabia discovers 14 new oil and gas fields in Eastern Region, the Empty Quarter

The discoveries include six fields and two reservoirs of Arabian oil, as well as two fields and four reservoirs of natural gas