Oil

UAE, Saudi Arabia venture into the U.S. LNG space

Gulf countries are expanding their overseas presence and creating partnerships as part of growth plans

Crude oil prices surpass $74.85 as Middle East tensions intensify

Concerns grow over potential disruptions in the Strait of Hormuz, impacting global oil supply

Egypt to launch two new oil wells this June, adding 5,400 barrels daily

Initiative aligns with Egypt's strategy to enhance local crude oil and gas production.

Crude oil prices dip yet stay above $66.75 as OPEC+ plans production increase

OPEC+ plans to increase oil production by 411,000 barrels per day starting in July

Saudi Arabia sees 3.1 percent increase in industrial production index for April 2025

Mining and quarrying sub-index grew by 0.2 percent while manufacturing surged by 7.4 percentĀ 

Crude oil prices climb above $67.2 as U.S.-China trade talks show promise

U.S. President Trump reported positive updates from London, enhancing hopes for a trade deal

Crude oil prices steady above $66.4 as market eyes U.S.-China trade discussions

China is set to release key economic data amidst worries about domestic demand strengthĀ 

UAE and Kuwait enhance partnerships in AI, energy, transportation through strategic MoUs

Key sectors include oil and gas, social development, and infrastructure to support mutual goalsĀ 

Crude oil prices fall to $65.40 as OPEC+ output rises despite concerns over Canadian supply

OECD revised down its global growth forecast due to the impacts of trump's trade war

ADNOC Gas becomes largest addition to MSCI Index in 2025 boosting market capitalization

ADNOC Gas's inclusion follows a successful $2.8 billion share offering, expanding public share availabilityĀ 

Crude oil prices rise above $64.85 driven by OPEC+ decision, supply fears

Wildfires in Alberta temporarily shut down oil production, further heightening supply concerns

Oman’s public revenues reach $33.2 billion in 2024 driven by hydrocarbon gains

Public spending reached OMR12.241 billion, primarily driven by subsidies for oil and development projects