Oil and gas
The rating reflects the government's significant progress in implementing a broad-based reform agenda since 2016
The report forecasts an upgrade for Bahrain if the government substantially lowers net debt-to-GDP via improved budgets
Brent oil futures for July delivery gained 0.1 percent to $82.22 per barrel
By 2025, the Kingdom is expected to account for 67 percent of the MENA region's total E&P expenditure
Brent crude oil futures for July delivery fell 0.1 percent to $81.31 per barrel
Non-oil sectors also saw a significant 7.1 percent increase, reaching $38.79 billion in 2023
Brent crude oil futures expiring in July declined 0.7 percent to $81.35 per barrel
Brent crude oil futures expiring in July slid 0.6 percent to $82.40 per barrel
Brent crude futures fell 44 cents, or 0.53 percent, to $83.27 a barrel
Data showed a 4.8 percent increase in the mining sector compared to February 2024
To service the contract and explore future opportunities, ADNOC Drilling has incorporated Turnwell Industries
