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Belbazem offshore block's production capacity set to increase: 45,000 bpd of crude oil and 27 million mmscfd of gas
For FY 2023/2024, Egypt has raised its projected total investments in oil and natural gas to $5.79 billion
Market concerns rise as major producers hold output policy steady
Al Ghais highlighted OPEC’s role in addressing global issues like climate change, energy transition
The attacks caused potential disruptions to oil capacity, estimated at 900k bpd
Al-Ghais highlighted that calls to abandon oil were "wrong" and "unrealistic"
The country is taking steps to align fuel prices with international markets
Declining gasoline supply in the U.S. indicates potential slowdown in crude demand
The expectation of limited supplies continued to support crude prices
Fed, PMIs awaited for more economic cues
Surging prices fueled by refinery activity, China demand, and Middle East disruptions
The rating reflects minimal default risk, strong ability to meet financial obligations
The recent attacks on refineries added a risk premium of $2-$3 per barrel to crude prices
The non-oil sector investment is key to sustaining 3.3 percent annual GDP growth over 2024-2027, the report says
Surprise decline in U.S. crude stockpiles supports prices
The dividend will be paid to all record shareholders as of March 21, 2024, on or around April 3, 2024
Surprising drop in U.S. oil and gasoline inventories points to increased demand from top fuel consumer
Concerns over China's economic weakness continue to impact oil market
The focus on U.S. inflation data, OPEC report influences oil prices
Despite decline in oil production, diverse industries foster growth in the kingdom
Manufacturing activities in the Kingdom rose by 1.1 percent in January 2024
Mixed signals from U.S. jobs data impact prices
GCC's non-oil economy to continue performing strongly
FAB report says UAE's GDP is likely to expand by 3.7 percent in 2023 and 4 percent in 2024
