Oil and gas

Saudi Arabia’s E&P investments to reach $7 billion in 2025: Report

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

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

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

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

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

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 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

To service the contract and explore future opportunities, ADNOC Drilling has incorporated Turnwell Industries

Oil prices edge higher ahead of Fed cues, improving demand

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

The gas field contains economically viable quantities of gas, according to the Sharjah Petroleum Council