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![Saudi Arabia’s E&P investments to reach $7 billion in 2025: Report](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
By 2025, the Kingdom is expected to account for 67 percent of the MENA region's total E&P expenditure
![Oil prices hover near multi-month lows, poised for weekly decline on rate hike concerns](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20681'%3E%3C/svg%3E)
Brent crude oil futures for July delivery fell 0.1 percent to $81.31 per barrel
![Sharjah’s GDP surges 6.5 percent to $39.5 billion in 2023](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
Non-oil sectors also saw a significant 7.1 percent increase, reaching $38.79 billion in 2023
![Oil prices dip amid concerns over prolonged high U.S. rates, weaker demand](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
Brent crude oil futures expiring in July declined 0.7 percent to $81.35 per barrel
![Oil prices continue downward slide amid rising U.S. stockpiles, jitters over interest rate hikes](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
Brent crude oil futures expiring in July slid 0.6 percent to $82.40 per barrel
![Oil prices dip amid fears on U.S. inflation, higher interest rates dampening demand](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20682'%3E%3C/svg%3E)
Brent crude futures fell 44 cents, or 0.53 percent, to $83.27 a barrel
![Qatar’s industrial production index reaches 100.2 points in March 2024, increasing by 4.7 percent](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
Data showed a 4.8 percent increase in the mining sector compared to February 2024
![UAE’s ADNOC Drilling secures $1.69 billion contract to develop 144 unconventional wells](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20684'%3E%3C/svg%3E)
To service the contract and explore future opportunities, ADNOC Drilling has incorporated Turnwell Industries
![Oil prices edge higher ahead of Fed cues, improving demand](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
Brent oil futures expiring in July rose 0.3 percent to $84.19 per barrel
![Oil prices steady, on track for modest weekly gains as demand outlook brightens](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
Brent crude futures for July delivery edged up 0.1 percent to $83.33 per barrel
![UAE’s ADNOC to begin operations at Ras Al Sadr gas field in Abu Dhabi](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20680'%3E%3C/svg%3E)
The Ras Al Sadr gas field has a production capacity of up to 100 million standard cubic feet of gas per day
![Oil prices rise amid weaker dollar, tighter supply expectations](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
Brent oil futures for July delivery rose 0.5 percent to $83.17 per barrel
![Oil prices rise amid drop in U.S. inventories, inflation concerns](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
Brent oil futures expiring in July rose 0.4 percent to $82.70 a barrel
![Oil prices surge as China’s fiscal stimulus, Canadian wildfires threaten supply](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20681'%3E%3C/svg%3E)
Brent oil futures, set to expire in July, rose by 0.3 percent to reach $83.59 per barrel
![UAE’s ADNOC Drilling reports record revenue of $886 million in Q1 2024](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20684'%3E%3C/svg%3E)
The net profit for the quarter amounted to $275 million, reflecting a substantial 26 percent year-on-year increase
![Oil prices inch lower on concerns about Chinese imports, U.S. inflation](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20682'%3E%3C/svg%3E)
Brent oil futures expiring in July fell 0.3 percent to $83.53 per barrel
![UAE’s SNOC signs deal with Eni to explore oil in Ras Al Khaimah](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20684'%3E%3C/svg%3E)
Under the terms of the deal, Eni retains a 60 percent ownership stake and assumes the role of the operator
![Oil prices rise on strong Chinese demand, weakening U.S. labor market](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
Brent oil futures, expiring in July, advanced by 0.5 percent to reach $84.33 per barrel
![Oil prices rise on mixed Chinese trade data, Middle East tensions](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20682'%3E%3C/svg%3E)
Brent oil futures, set to expire in July, saw a 0.4 percent rise to reach $83.93 per barrel
![ADNOC L&S reports $193.8 million in net profit for Q1 2024](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
This represents a 34 percent increase compared to the net profit of $145.1 million achieved during the same period last year
![Oil prices slide as U.S. inventories surge, demand weakens](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
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](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
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](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20681'%3E%3C/svg%3E)
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](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20682'%3E%3C/svg%3E)
The gas field contains economically viable quantities of gas, according to the Sharjah Petroleum Council