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Oil and gas
Markets
Oil prices inch higher amid tightening U.S. supplies, potential Middle East disruptions
Brent crude futures rose 23 cents, or 0.3 percent, to $78.56 per barrel
Banking & Finance
UAE’s ADNOC L&S reports $401 million net profit in H1 2024, sustained by 42 percent growth in revenues
This represents 31 percent increase YoY
Markets
Oil prices slide on bearish inventory data, persistent global economic slowdown fears
Brent crude oil futures for October delivery fell 0.5 percent to $76.13 per barrel
Energy
Saudi Aramco profits hit $56.3 billion in H1 2024, dividends to reach $124.2 billion
Oil company's revenues reached $220.73 billion in H1, up 0.9 percent from $214.38 billion during the first half of 2023
Banking & Finance
Saudi Arabia’s non-oil sector maintains solid growth in July, PMI at 54.4 amid competitive dynamics
The start of Q3 saw both output and new orders expand to a lesser degree
Markets
Oil prices rebound over 1 percent as Middle East tensions offset demand concerns
Brent crude oil futures for October delivery rose 1.3 percent to $77.29 per barrel
Energy
ADNOC Drilling, Alpha Dhabi JV to fully acquire EV Holdings for $45 million
EV Holdings is Enersol’s third acquisition and comes following the company's agreement to acquire 51 percent of NTS Amega (NTS) last week
Energy
China’s maritime economy generates $678.55 billion in H1 2024, up 5.6 percent YoY
The sea area designated for use grew by 16.9 percent YoY, with ¥500 billion in projects
Markets
Oil prices head for fourth week of losses as demand worries outweigh supply risks
Brent oil futures for October delivery rose 0.4 percent to $79.84 per barrel
Banking & Finance
Qatar reports $711.58 million budget surplus on $16.39 billion total revenues for Q2 2024
The surplus was directed towards reducing public debt, and therefore there is no cash surplus
Markets
Oil price rallies amid Middle East tensions and OPEC+ meeting, China concerns linger
Brent oil futures expiring in October rose 0.5 percent to $81.24 a barrel
Banking & Finance
Abu Dhabi’s Borouge reports $308 million Q2 net profit, 33 percent YoY increase
Higher sales and cost efficiencies drove the company's highest-ever production volumes
Markets
Oil prices jump on robust U.S. fuel demand, inventory draws
Brent crude futures for September delivery jumped 1 percent to $79.45 per barrel
Energy
Oman to expand LNG production capacity to 15.2 million tons per year with new 3.8 million ton train
LNG production trains allow the government to improve operational efficiency, maximize the use of existing facilities
Energy
Oil prices slide to two-month low ahead of OPEC meeting, Fed policy decisions
Brent oil futures expiring in September fell 0.2 percent to $79.63 per barrel
Economy
UAE, Chile sign CEPA to boost non-oil trade through tariff cuts and eased barriers
The CEPA also seeks to establish new investment and cooperation pathways, allowing private sectors to build partnerships
Markets
Oil prices flat as demand outlook and supply glut concerns weigh
Brent oil futures expiring in September rose slightly by 0.2 percent to $81.25 a barrel
Markets
Oil prices steady on strong U.S. GDP, but headed for third weekly losses
Brent oil futures expiring in September were stable at $82.38 per barrel
Markets
Oil prices slip amid concerns over China’s demand, pending U.S. economic data
Brent crude futures for September delivery slipped 0.5 percent to $81.26 per barrel
Economy
Kuwait sees deficit of $5.23 billion in FY 2023/24 despite non-oil revenue growth
The country's total revenue in fiscal year 2023-2024 was KWD23.645 billion
Energy
Dubai’s Dragon Oil launches AI project to develop Egypt’s Morgan and Badri oil fields
The AI project is a significant step towards digital transformation and innovation in Egypt's oil and gas industry
Markets
Oil prices rebound after recent losses as industry data shows inventory drop, but surplus looms in 2025
Brent oil futures for September delivery rose 0.5 percent to $81.40 per barrel
Markets
Oil prices fall to 1.5-month low amid weak outlook and surplus concerns
Brent oil futures expiring in September fell 0.2 percent to $82.26 a barrel
Markets
Oil prices retreat amid doubts about China’s demand outlook, signaling weekly losses
Brent oil futures for September delivery shed 0.5 percent to $84.73 per barrel
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