Oil

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

Oil prices rise 0.5 percent to $75.06 despite new Trump tariffs; China inflation disappoints

Crude oil WTI futures for March delivery increased by 0.6 percent to $71.13 per barrel

Oil prices fall 0.1 percent to $76.13 amid U.S.-China tariff tensions

Crude oil WTI futures for March delivery rose by 0.1 percent, reaching $72.44 a barrel

Saudi Fund for Development, Pakistan finalize $1.2 billion financing agreement for oil derivatives

Saudi Arabia's SFD has provided $6.7 billion in oil derivatives support to Pakistan since 2019

OPEC+ sticks to oil production plan, ditches U.S. EIA from oversight sources

EIA was removed due to inadequate communication, not because of political motivations or pressures, OPEC said

Oil prices drop 0.7 percent to $75.47 following Trump’s delay of tariffs on Canada and Mexico

Crude oil WTI futures expiring in March dropped 1 percent to $71.70 a barrel.

Oil prices rise 0.6 percent to $76.13 amid potential disruptions from Trump’s tariffs

The focus on oil prices increase highlights concerns over potential supply disruptions from Canada and Mexico

Oil prices rise 0.4 percent to $77.21, head for weekly losses with focus on Trump tariffs and PCE data

Attention focused on key U.S. PCE inflation data later today for clues on interest rates

UAE announces increase in petrol prices for February 2025

In December, UAE petrol and diesel prices hit their lowest for 2024, continuing into 2025