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Brent crude futures reached $61.20, while U.S. West Texas Intermediate settled at $58.05 a barrel
These three rigs are in addition to the three ordered in July 2024
Saudi Arabia's economy grew 2.7 percent in Q1, driven by non-oil sector activities and diversification
Barclays lowered its Brent forecast by $4 to $66 a barrel due to OPEC+ decisions
Non-oil activities rose by 4.2 percent
Primary market dollar issuance shows promise despite recent quietness in the GCC region
After a price increase in February, petrol rates saw a slight decrease in March and April
ENOC Group employs a multinational workforce of over 12,500 employees
Trump's tariffs have raised fears of a potential recession in the global economy this year
U.S. crude oil stockpiles likely rose by about 500,000 barrels in the recent week
Sukuk issuance priced at 60 basis points over U.S. Treasuries attracted robust investor interest
U.S. WTI crude gained 41 cents, reaching $63.43
