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U.S. domestic crude inventories rose by 3.8 million barrels to 419 million barrels last week
The Kingdom's oil exports rose by 450,000 bpd in June, reaching 6.33 million bpd
Saudi Arabia's shipments increased by 450,000 bpd in June, marking the highest levels in over a year
OPEC+ plans to increase output by 411,000 barrels per day starting in August
Key investments of AED150 to AED200 billion target a significant increase in renewable energy capacity
This marks the fifth contract in just over two months, including a $1.63 billion five-year contract for Integrated Drilling Services
Super 98 petrol will now cost AED2.70 per litre, increasing from AED2.58 in June
The market has largely eliminated the geopolitical risk premium after the ceasefire announcement
Crude inventories dipped 5.8 million barrels, the EIA said, exceeding analysts' expectations for a 797,000-barrel decline
Total public spending in GCC countries is projected to reach $542.1 billion in 2025
Concerns rise over the Strait of Hormuz, through which nearly a fifth of global oil flows
Investors expect a return to normalcy in oil if the ceasefire terms are upheld
