Oil and gas
Following the redemption, ADNOC Distribution’s free float remains unchanged at 23 percent
The report highlighted the ongoing structural and financial reforms in the country
Brent crude oil futures for August delivery rose 0.2 percent to $79.77 per barrel
Revival of projects in the energy sector key to the country’s development
This represents an increase of 145,000 bpd from April
Global upstream oil and gas capital expenditure is expected to grow by $24 billion this year
Brent crude futures for August delivery rose 0.5 percent to $78.80 per barrel
Brent crude futures for August delivery fell 0.1 percent to $77.44 a barrel
Brent oil futures for August delivery fell 0.4 percent to $78.05 per barrel
Brent oil futures expiring in August gained 0.3 percent to $81.33 per barrel
This extension builds upon previously agreed reductions of 3.66 million barrels per day announced in 2022 and 2023
