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Oil
Economy
Oil prices plummet amid China’s economic slowdown, ongoing Libyan supply issues
Brent crude futures had fallen by 37 cents, or 0.48 percent, settling at $77.15 a barrel
Economy
Moody’s upgrades Oman’s outlook to positive, citing improved debt metrics and strong fiscal management
The agency also retained its (P)Ba1 rating for the Government of Oman’s senior unsecured medium-term note program
Energy
UAE oil imports to Japan reach 31.07 million barrels in July 2024, 49.1 percent of total
Arab oil made up 97.8 percent of Japan's imports, totaling 61.92 million barrels
Energy
Oil prices drop as OPEC+ production rises, demand weakens
Brent crude futures dropped by 61 cents, or 0.8 percent, settling at $76.32 a barrel
Energy
Oil prices show resilience amid supply tightening in Libya and Iraq, but demand worries persist
Brent oil futures for October rose 0.2 percent to $80.08 a barrel
Energy
Abu Dhabi’s Tabreed achieves carbon verification, reducing emissions by 19,320 tons annually
This follows Tabreed's 2023 initiatives, including the first geothermal-powered district cooling plant with ADNOC
Energy
Dubai’s Dragon Oil’s $10 billion investment fueling Turkmenistan’s energy sector
The company eyes more offshore concessions in Turkmeinistan
Energy
Oil prices steady amid smaller U.S. inventory draw, Libya’s supply concerns
Brent oil futures for October delivery dipped slightly to $78.62 a barrel
Egypt
Egypt announces new oil discovery in Western Desert with daily yield of 7,165 barrels
The well was drilled to a depth of 270 feet into the Paleozoic sands
Energy
Oil prices rise on strong API data, ongoing supply concerns
Brent crude futures set to expire in October rose by 0.5 percent to $79.92 a barrel
Energy
UAE’s ADNOC deploys cutting-edge AI system Neuron 5 to boost operational efficiency
The innovative solution autonomously monitors equipment to optimize performance and enable preventive maintenance
Energy
Global oil demand to plateau beyond 2030, remain above 100 million barrels per day through 2050: Report
If every new car sold in the world in 2035 were electric, oil demand in 2050 would still be 85 million barrels per day
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