Oil

Brazil to join OPEC Charter of Cooperation

Brazil will serve as an advisor in the Charter of Cooperation, without production or price obligations

Oil prices rise 0.3 percent to $76.04 amid supply disruptions, U.S.-Russia talks

West Texas Intermediate crude futures also experienced a 0.3 percent rise, reaching $72.03 per barrel

Oman’s GDP rose 1.9 percent in H1 2024, fueled by 3.6 percent non-oil growth: Central Bank

Despite global challenges, the Omani economy has demonstrated resilience in handling various economic shocks

Oil prices drop 0.2 percent to $75.10 as OPEC+ considers output delays

Crude Oil WTI Futures set to expire in March increased by 0.7 percent to $71.17 per barrel

Oil prices steady at $74.76 as Trump tariffs loom, Russia-Ukraine peace talks emerge

Crude Oil WTI Futures expiring in March were similarly muted at $70.69 a barrel

Oil prices rise to $75.16, break third weekly decline as trade war fears ease

This week, Brent was up 0.7 percent and WTI rose 0.5 percent

ADNOC L&S announces revenue of $3.55 billion in 2024, up 29 percent year-on-year

EBITDA rose by 31 percent to $1.15 billion during this period, propelled by robust performance across all business sectors

Oil prices dip to $76.75 following increase in U.S. crude stockpiles

U.S. West Texas Intermediate (WTI) crude fell by 28 cents, or 0.4 percent, to $73.04 a barrel

ADNOC Distribution posts record $1.05 billion EBITDA for FY 2024, up 4.8 percent year-on-year

Record performance highlights strong fuel volumes, retail growth, and contributions from Saudi Arabia and Egypt

$640 billion investment needed annually to address growing oil demand, says OPEC Secretary-General

Cumulative investment requirements are estimated at $17.4 trillion between 2024 and 2050

Oil prices climb to $75.87 amid concerns over Trump’s tariffs

Such tariffs could potentially hinder global economic growth as well as energy demand

Iraq’s Oil Ministry unveils collaborative plan with BP to develop Kirkuk fields

These projects will continue in parallel with development, exploration and production operations to ensure maximum benefit from gas resources