Oil

Oil prices dip amid U.S. inventory surge, high CPI

Brent and WTI futures slipped by 0.5 percent

WGS 2024: Transition to clean energy should not conflict with relying on oil, says Haitham Al Ghais

Dispensing oil for other energy sources is unrealistic, says OPEC secretary general.

Oil prices record marginal gains ahead of new economic data

Brent and WTI futures increased by 0.1 percent

WGS 2024: UAE committed to ensuring global oil market stability with OPEC+

Commitment to sustainability and global oil market stability takes center stage

Oil prices dip as geopolitical tensions ease

Putting an end to last week’s five-day rally

Oil ends week with some gains

Development in Middle East situation reflect on volatility of prices

OECD raises global growth outlook to 2.9 percent in 2024

Shipping and energy supply disruption are currently the most threatening factors to the global economy

Oil prices tick up on optimism of steady U.S. output

Production to surpass record high in 2025, EIA reports

Duqm refinery, a $9 billion joint venture between Oman and Kuwait to launch tomorrow

New refinery boasts a daily refining capacity of 230,000 barrels of crude oil

Saudi Arabia’s non-oil sector grew 4.6 percent in 2023

Report highlights economic diversification efforts and the impact of OPEC+ decisions on GDP

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

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

Oil prices stabilize following 2 percent uptick

Supply concerns in U.S. and Russia fueled a surge on Monday

Declining demand drives oil prices down

Marking commodity’s second consecutive loss

Top oil-producing countries in the world

U.S., Russia and Saudi Arabia occupy the top spots

End-of-year turbulence overshadows COP28 success

Red Sea tensions add to shipping costs but energy flows unaffected

China’s exports drop as crude oil imports hit record highs

Imports of crude oil increased last year by 11 percent

Oil prices see modest gains as U.S. demand rises, inventories fall

Brent and WTI increased 0.32 and 0.40 percent, respectively

Oil stabilizes amid Saudi Arabia’s sharp price cuts

Coming from an over 3 percent dip from previous session