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OPEC projects demand for crude to reach 43.2 million barrels per day in 2024
Brent oil futures, set to expire in July, rose by 0.3 percent to reach $83.59 per barrel
The net profit for the quarter amounted to $275 million, reflecting a substantial 26 percent year-on-year increase
Under the contract, Turnwell will be responsible for delivering 144 unconventional oil and gas wells
Brent oil futures expiring in July fell 0.3 percent to $83.53 per barrel
Under the terms of the deal, Eni retains a 60 percent ownership stake and assumes the role of the operator
Brent oil futures, expiring in July, advanced by 0.5 percent to reach $84.33 per barrel
Excluding the corporate tax impact, net profit saw a robust 13 percent year-on-year increase to $165 million
Brent oil futures, set to expire in July, saw a 0.4 percent rise to reach $83.93 per barrel
This represents a 34 percent increase compared to the net profit of $145.1 million achieved during the same period last year
Cash flow from operating activities stands at $33.59 billion
Brent crude oil futures dropped by 30 cents or 0.36 percent, settling at $82.86 per barrel
Domestic gas net income unit margin saw a 20 percent Y-o-Y improvement
Brent oil futures expiring in July had risen by 0.5 percent to reach $83.73 per barrel
The gas field contains economically viable quantities of gas, according to the Sharjah Petroleum Council
Brent crude futures rose by 28 cents, or 0.3 percent, reaching $83.24 per barrel
Brent crude futures saw a gain of 31 cents, equivalent to 0.4 percent, reaching $89.32 per barrel
Rubber and plastic product exports in February fueled the rise in non-oil shipments
EIA reported an unexpected U.S. crude drop of 6.4 million barrels, surpassing expectations of an 825,000-barrel increase
The unexpected decrease in U.S. inventories, as indicated by industry data, provided some support to crude prices
Investors fueled the increase as they continued to assess geopolitical concerns in the Middle East
Deal aligns with Aramco’s strategy to expand its presence in key high-value markets like China
The IMF expects growth to strengthen by 4.2 percent in 2025
Brent crude futures declined to $86.62 per barrel, WTI crude futures dropping to $82.51 per barrel
