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Oil
Markets
Oil prices climb amid optimism for rate cuts, despite inventory build and demand concerns
Brent crude futures for August delivery rose 0.5 percent to $78.80 per barrel
Markets
Oil prices drop to 4-month low amid outsized increase in U.S. inventories
Brent crude futures for August delivery fell 0.1 percent to $77.44 a barrel
Economy
Kuwait’s non-oil private sector sees strongest growth in nearly 4 years, PMI reaches 52.4 in May: Report
The growth rates exceeded those of the post-COVID recovery in mid-2020
Markets
Oil prices tumble to 4-month low amid demand concerns, OPEC production outlook
Brent oil futures for August delivery fell 0.4 percent to $78.05 per barrel
Markets
Oil prices rise as OPEC+ maintains cuts, but demand concerns linger
Brent oil futures expiring in August gained 0.3 percent to $81.33 per barrel
Energy
OPEC+ extends voluntary production cut of 2.2 million barrels of crude oil a day into 2025
This extension builds upon previously agreed reductions of 3.66 million barrels per day announced in 2022 and 2023
Markets
Oil prices extend losses as U.S. product stockpiles grow, China activity slows
Brent oil futures expiring in July dropped 0.3 percent to $81.61 per barrel
Markets
Oil prices steady amid caution over rate decision and inflation despite significant inventory decline
Brent oil futures for July delivery held steady at $83.61 per barrel
Markets
Oil prices climb on demand optimism, OPEC+ cuts eyed
Brent crude futures for July delivery rose 0.3 percent to $84.51 per barrel
Economy
Saudi Arabia’s non-oil sector projected to grow 4.8 percent in 2024, 5.2 percent in 2025: Report
The Kingdom's GDP is expected to expand by 2.3 percent in 2024 and accelerate to 5.8 percent in 2025, the report said
Markets
Oil prices maintain stability following recovery from 3-month low, investors await inflation data
Brent crude oil futures expiring in July edged 0.1 percent lower to $83.04 per barrel
Industry
Make it in the Emirates: UAE’s ADNOC expands in-country value program, aims for $24.5 billion in local manufacturing by 2030
This is up from the previous target of $19 billion by 2027
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