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Oil and gas
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
Economy
Kuwait sees deficit of $5.23 billion in FY 2023/24 despite non-oil revenue growth
The country's total revenue in fiscal year 2023-2024 was KWD23.645 billion
Energy
Dubai’s Dragon Oil launches AI project to develop Egypt’s Morgan and Badri oil fields
The AI project is a significant step towards digital transformation and innovation in Egypt's oil and gas industry
Markets
Oil prices rebound after recent losses as industry data shows inventory drop, but surplus looms in 2025
Brent oil futures for September delivery rose 0.5 percent to $81.40 per barrel
Markets
Oil prices fall to 1.5-month low amid weak outlook and surplus concerns
Brent oil futures expiring in September fell 0.2 percent to $82.26 a barrel
Markets
Oil prices retreat amid doubts about China’s demand outlook, signaling weekly losses
Brent oil futures for September delivery shed 0.5 percent to $84.73 per barrel
Markets
Oil prices rise amid declining U.S. crude inventories, Fed rate cut expectations
Brent futures, the global oil benchmark, rose 32 cents, or 0.4 percent, to $85.40 per barrel
Economy
Oman’s GDP expands 1.7 percent in Q1 2024, reaching $24.77 billion
Crude petroleum activities declined by 3.3 percent, recording OMR2.55 billion
Markets
Oil prices stabilize amid declining U.S. reserves, slower China demand
Brent crude oil futures were down by 4 cents to $83.69 per barrel
Miscellaneous
ADNOC, Mubadala collaborate to cultivate Emirati talent for UAE’s sustainable future
The move aims to develop Emirati talent for crucial sectors through advanced training
Markets
Oil prices dip amidst Chinese economic slowdown, anticipation of Fed interest rate cuts
Brent crude futures fell 21 cents, or 0.25 percent, to $84.64 per barrel
Energy
Kuwait announces massive oil and gas discovery estimated at 3.2 billion barrels
This discovery has raised hopes of finding additional hydrocarbons to boost the country's energy resources
Energy
ADNOC Gas awards $550 million contracts to expand UAE gas infrastructure, increase customer reach
The contracts were awarded to NMDC Energy P.J.S.C and Galfar Engineering & Contracting W.L.L Emirates
Markets
Oil prices steady amid strengthening dollar, concerns over weakening demand in China
Brent oil futures for September delivery recorded $85.10 per barrel
Markets
Oil prices rise on softer U.S. inflation, summer demand hopes
Brent oil futures for September delivery rose 0.1 percent to $85.52 per barrel
Energy
OPEC maintains oil demand forecast on resilient global economic growth, air travel growth
OPEC raised its forecast for world economic growth this year to 2.9 percent from 2.8 percent
Markets
Oil prices rise on weaker dollar, tighter supply bets ahead of CPI data
Brent Oil Futures expiring in September rose 0.7 percent to $85.74 a barrel
Energy
Sheikh Khaled witnesses signing ceremony for international partners joining ADNOC’s Ruwais LNG project
His Highness met with heads of global energy companies to discuss the future of the sector
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