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Banking & Finance
Italy’s Saipem secures $1 billion in two major offshore contracts with Saudi Aramco
Saipem will be responsible for the EPCI three production deck modules, 33 km of subsea pipelines, and 34 km of power cables
Energy
Oil prices decline amid potential return of Libyan supply to the market
Brent Oil Futures fell by 4.9 percent, closing at $73.75 per barrel
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
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