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Economy Middle East Summit 2025
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Economy Middle East Summit 2025
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Oil and gas
Markets
Oil prices rise as tighter supplies drive strong first quarter in 2024
Russia's commitment to deeper production cuts as a key factor influencing the crude oil market in the coming months
Energy
Saudi Arabia’s ADES Holding inks two agreements for oil exploration and production in Egypt’s Gulf of Suez
For FY 2023/2024, Egypt has raised its projected total investments in oil and natural gas to $5.79 billion
Markets
Oil prices slide for second consecutive day as U.S. stockpiles surge
Market concerns rise as major producers hold output policy steady
Sustainability
62 percent executives expect world to reach net zero by 2060 or later: Report
Survey highlights key themes driving strategic decision-making across the industry
Egypt
Egypt implements fuel price increases as part of IMF agreement
The country is taking steps to align fuel prices with international markets
Energy
Oil demand will reach a record 104 million barrels per day in 2024: Aramco CEO
Nasser emphasizes the effectiveness of carbon capture in mitigating greenhouse gasses
Markets
Oil prices hold near four-and-a-half month high on reduced exports, market caution
Surging prices fueled by refinery activity, China demand, and Middle East disruptions
Markets
Oil prices extend gains ahead of anticipated Fed meeting, rising supply risks
The recent attacks on refineries added a risk premium of $2-$3 per barrel to crude prices
Markets
Oil maintains near four-month highs on decreased gasoline inventories, fuel refinery attacks
Surprising drop in U.S. oil and gasoline inventories points to increased demand from top fuel consumer
Industry
Saudi Arabia’s industrial production index up 0.3 percent in January on mining and quarrying
Manufacturing activities in the Kingdom rose by 1.1 percent in January 2024
Markets
Saudi Arabia’s Aramco plans bond issuance in 2024
Aramco will now be able to capitalize on recent declines in global interest rates
Energy
ADNOC Drilling reports revenues of over $3 billion in 2023
Company outlines ambitious growth plans for 2024 and beyond
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