Oil and gas

Oil prices rise as tighter supplies drive strong first quarter in 2024

Russia's commitment to deeper production cuts as a key factor influencing the crude oil market in the coming months

Saudi Arabia’s ADES Holding inks two agreements for oil exploration and production in Egypt’s Gulf of Suez

For FY 2023/2024, Egypt has raised its projected total investments in oil and natural gas to $5.79 billion

Oil prices slide for second consecutive day as U.S. stockpiles surge

Market concerns rise as major producers hold output policy steady

62 percent executives expect world to reach net zero by 2060 or later: Report

Survey highlights key themes driving strategic decision-making across the industry

Egypt implements fuel price increases as part of IMF agreement

The country is taking steps to align fuel prices with international markets

Oil demand will reach a record 104 million barrels per day in 2024: Aramco CEO

Nasser emphasizes the effectiveness of carbon capture in mitigating greenhouse gasses

Oil prices hold near four-and-a-half month high on reduced exports, market caution

Surging prices fueled by refinery activity, China demand, and Middle East disruptions

Oil prices extend gains ahead of anticipated Fed meeting, rising supply risks

The recent attacks on refineries added a risk premium of $2-$3 per barrel to crude prices

Oil maintains near four-month highs on decreased gasoline inventories, fuel refinery attacks

Surprising drop in U.S. oil and gasoline inventories points to increased demand from top fuel consumer

Saudi Arabia’s industrial production index up 0.3 percent in January on mining and quarrying

Manufacturing activities in the Kingdom rose by 1.1 percent in January 2024

Saudi Arabia’s Aramco plans bond issuance in 2024

Aramco will now be able to capitalize on recent declines in global interest rates

ADNOC Drilling reports revenues of over $3 billion in 2023

Company outlines ambitious growth plans for 2024 and beyond

Public expenditure in Arab countries sees 9.8 percent surge in 2022

AMF's Joint Arab Economic Report highlights key trends and challenges

Dragon Oil to drill first well in Turkmenistan’s Block 19 in December

Government-owned company expands investments in the oil sector

UAE’s top industries in 2024

Oil, tourism and real estate are major drivers of growth

Crude exports surge in Saudi Arabia, reaching five-month high

Saudi refinery output declined by 0.47 percent, reached 2.11 million bpd

Inflation in Kuwait reaches 3.37 percent in December 2023

The Consumer Price Index in Kuwait rose by 3.37 percent

Non-oil sector drives the UAE’s 3.7 percent economic growth

Boosted by its own 5.9 percent growth in the first six months of the year

UAE petrol prices 40 percent cheaper than the global average

Fuel Price Committee's decision relieves UAE drivers as fuel costs hit four-month low

Saudi industrial sector’s success increased GDP by SAR340 billion

Industrial establishments up by 50 percent since the launch of Vision 2030