Oil and gas

Oil prices slide as U.S. inventories surge, demand weakens

Brent crude oil futures dropped by 30 cents or 0.36 percent, settling at $82.86 per barrel

ADNOC Gas net income surges 21 percent in Q1 2024 at $1.18 billion

Domestic gas net income unit margin saw a 20 percent Y-o-Y improvement

Oil prices up amidst global tensions, concerns about sluggish demand and reduced supplies

Brent oil futures expiring in July had risen by 0.5 percent to reach $83.73 per barrel

UAE’s Sharjah announces discovery of new gas reserves in Al-Hadiba field

The gas field contains economically viable quantities of gas, according to the Sharjah Petroleum Council

Oil prices inch up as Saudi Arabia increases June crude prices

Brent crude futures rose by 28 cents, or 0.3 percent, reaching $83.24 per barrel

Oil prices surge amid U.S. economic data disappointment, supply risks due to geopolitical risk

Brent crude futures saw a gain of 31 cents, equivalent to 0.4 percent, reaching $89.32 per barrel

Oil prices experience minor decline amid easing Middle East tensions

EIA reported an unexpected U.S. crude drop of 6.4 million barrels, surpassing expectations of an 825,000-barrel increase

Oil prices stabilize as focus shifts to U.S. economy, interest rates

The unexpected decrease in U.S. inventories, as indicated by industry data, provided some support to crude prices

Oil prices rebound by 27 cents, Brent crude reaches $87.27 per barrel

Investors fueled the increase as they continued to assess geopolitical concerns in the Middle East

Oil prices drop as Middle East tensions ease, market sentiment shifts to fundamentals and macroeconomics

Brent crude futures declined to $86.62 per barrel, WTI crude futures dropping to $82.51 per barrel

Oil prices soar $3 per barrel amid concerns of supply disruptions 

Brent futures rose by $2.63, reaching $89.74 per barrel

Saudi Arabia’s crude oil production reaches seven-month high in February

This represented a rise of 55,000 bpd or 0.61 percent compared to the previous month