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Oil and gas
Energy
China’s maritime economy generates $678.55 billion in H1 2024, up 5.6 percent YoY
The sea area designated for use grew by 16.9 percent YoY, with ¥500 billion in projects
Markets
Oil prices head for fourth week of losses as demand worries outweigh supply risks
Brent oil futures for October delivery rose 0.4 percent to $79.84 per barrel
Banking & Finance
Qatar reports $711.58 million budget surplus on $16.39 billion total revenues for Q2 2024
The surplus was directed towards reducing public debt, and therefore there is no cash surplus
Markets
Oil price rallies amid Middle East tensions and OPEC+ meeting, China concerns linger
Brent oil futures expiring in October rose 0.5 percent to $81.24 a barrel
Banking & Finance
Abu Dhabi’s Borouge reports $308 million Q2 net profit, 33 percent YoY increase
Higher sales and cost efficiencies drove the company's highest-ever production volumes
Markets
Oil prices jump on robust U.S. fuel demand, inventory draws
Brent crude futures for September delivery jumped 1 percent to $79.45 per barrel
Energy
Oman to expand LNG production capacity to 15.2 million tons per year with new 3.8 million ton train
LNG production trains allow the government to improve operational efficiency, maximize the use of existing facilities
Energy
Oil prices slide to two-month low ahead of OPEC meeting, Fed policy decisions
Brent oil futures expiring in September fell 0.2 percent to $79.63 per barrel
Economy
UAE, Chile sign CEPA to boost non-oil trade through tariff cuts and eased barriers
The CEPA also seeks to establish new investment and cooperation pathways, allowing private sectors to build partnerships
Markets
Oil prices flat as demand outlook and supply glut concerns weigh
Brent oil futures expiring in September rose slightly by 0.2 percent to $81.25 a barrel
Markets
Oil prices steady on strong U.S. GDP, but headed for third weekly losses
Brent oil futures expiring in September were stable at $82.38 per barrel
Markets
Oil prices slip amid concerns over China’s demand, pending U.S. economic data
Brent crude futures for September delivery slipped 0.5 percent to $81.26 per barrel
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