Oil and gas
Despite gains, oil prices have suffered significant losses in 2025 due to slowing demand and rising production
Crude stocks fell by 4.5 million barrels recently, with analysts expecting further declines in inventories
Net proceeds will support ADNOC Group for general corporate purposes and funding diversification
Saudi Arabia’s total revenues hit $70.3 billion in Q1 2025 amid strong commitment to economic vision
Kingdom’s oil revenues generated $39.94 billion during the quarter
EBITDA rose by 11 percent to $275 million, the highest first-quarter result since 2017 IPO
Brent crude futures reached $61.20, while U.S. West Texas Intermediate settled at $58.05 a barrel
These three rigs are in addition to the three ordered in July 2024
Saudi Arabia's economy grew 2.7 percent in Q1, driven by non-oil sector activities and diversification
Barclays lowered its Brent forecast by $4 to $66 a barrel due to OPEC+ decisions
Non-oil activities rose by 4.2 percent
Primary market dollar issuance shows promise despite recent quietness in the GCC region
