Oil

Oil prices extend losses as U.S. product stockpiles grow, China activity slows

Brent oil futures expiring in July dropped 0.3 percent to $81.61 per barrel

Oil prices climb on demand optimism, OPEC+ cuts eyed

Brent crude futures for July delivery rose 0.3 percent to $84.51 per barrel

Saudi Arabia’s non-oil sector projected to grow 4.8 percent in 2024, 5.2 percent in 2025: Report

The Kingdom's GDP is expected to expand by 2.3 percent in 2024 and accelerate to 5.8 percent in 2025, the report said

Oil prices maintain stability following recovery from 3-month low, investors await inflation data

Brent crude oil futures expiring in July edged 0.1 percent lower to $83.04 per barrel

Saudi Arabia maintains ‘A1’ credit rating with positive outlook amid successful economic reforms: Report

The rating reflects the government's significant progress in implementing a broad-based reform agenda since 2016

Bahrain’s credit rating affirmed at ‘B+/B’ with stable outlook: Report

The report forecasts an upgrade for Bahrain if the government substantially lowers net debt-to-GDP via improved budgets

Oil prices bounce back slightly as traders eye U.S. inflation report, upcoming OPEC+ meeting

Brent oil futures for July delivery gained 0.1 percent to $82.22 per barrel

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

Saudi Arabia’s non-oil exports rise 3.3 percent to $18.6 billion in Q1 2024

The total value of commodity exports stood at $77.77 billion

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

Saudi Arabia’s crude oil exports hit 9-month high, reaching 6.413 million bpd in March

Data also showed that Saudi refineries' crude throughput fell in March by 0.115 million bpd to 2.560 million bpd

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

Qatar announces $549.2 million budget surplus for Q1 2024

MoF stated that this surplus was directed towards reducing public debt, and therefore there was no cash surplus

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

Moody’s affirms Kuwait A1 rating, stable outlook

Solid budget and financial buffers, but reforms needed to reduce oil dependence

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