Oil and gas

Oil prices edge lower to $64.49 as IEA warns of slowing demand growth

U.S. West Texas Intermediate crude fell by 16 cents, also down 0.3 percent, to $61.17

OPEC, IEA slash global oil demand growth forecast amid trade tensions

The IEA revised global oil demand up by 730,000 bpd, down from 1.03 million

Oil prices rise to $65 on U.S. tariff exemptions, China crude demand

Trump is considering changes to the 25 percent tariffs on foreign auto imports from various regions

Gulf Arab States develop electric vehicle infrastructure to curb emissions

The UAE plans to have EVs account for 50 percent of car sales by 2050

Saudi Arabia: U.S. energy secretary stresses importance of promoting mutual investment in energy supplies

The two sides discussed strengthening bilateral cooperation across multiple energy fields and other areas of mutual interest

Oil prices drop to $64.47 as U.S.-China trade war affects global growth outlook

Goldman Sachs expected oil prices to decline through 2026

UAE President, U.S. energy secretary reaffirm commitment to strengthening global energy security

Sheikh Mohamed reaffirmed the UAE’s commitment to deepening its longstanding and constructive partnership with the U.S.

Saudi Arabia discovers 14 new oil and gas fields in Eastern Region, the Empty Quarter

The discoveries include six fields and two reservoirs of Arabian oil, as well as two fields and four reservoirs of natural gas

Saudi Aramco, China Sinopec announce Yasref petrochemicals complex expansion

This initiative aims to boost Yasref's capabilities and global standing in the petrochemical sector

Oil prices hit four-year low amid U.S. 104 percent tariffs on China

Trump signed an executive order raising tariffs on China by 50 percent, escalating tensions significantly

OPEC oil output drops by 110,000 barrels per day in March, survey reveals

OPEC+ postponed output increases until April and extended cuts unwinding to the end of 2026 

Oil prices rebound 1 percent to $64.93 after sharp tariff-driven declines

Markets worry Trump's tariffs will hinder global economic growth and negatively impact oil demand