Oil

Oil prices surge as China’s fiscal stimulus, Canadian wildfires threaten supply

Brent oil futures, set to expire in July, rose by 0.3 percent to reach $83.59 per barrel

UAE’s ADNOC Drilling reports record revenue of $886 million in Q1 2024

The net profit for the quarter amounted to $275 million, reflecting a substantial 26 percent year-on-year increase

ADNOC Drilling lands $1.7 billion deal to tap UAE’s world-class unconventional energy reserves

Under the contract, Turnwell will be responsible for delivering 144 unconventional oil and gas wells

Oil prices inch lower on concerns about Chinese imports, U.S. inflation

Brent oil futures expiring in July fell 0.3 percent to $83.53 per barrel

UAE’s SNOC signs deal with Eni to explore oil in Ras Al Khaimah

Under the terms of the deal, Eni retains a 60 percent ownership stake and assumes the role of the operator

Oil prices rise on strong Chinese demand, weakening U.S. labor market

Brent oil futures, expiring in July, advanced by 0.5 percent to reach $84.33 per barrel

ADNOC Distribution’s earnings grow 18 percent to $248 million in Q1 2024

Excluding the corporate tax impact, net profit saw a robust 13 percent year-on-year increase to $165 million

Oil prices rise on mixed Chinese trade data, Middle East tensions

Brent oil futures, set to expire in July, saw a 0.4 percent rise to reach $83.93 per barrel

ADNOC L&S reports $193.8 million in net profit for Q1 2024

This represents a 34 percent increase compared to the net profit of $145.1 million achieved during the same period last year

Saudi Aramco reports Q1 2024 net income of $27.2 billion

Cash flow from operating activities stands at $33.59 billion

Oil prices slide as U.S. inventories surge, demand weakens

Brent crude oil futures dropped by 30 cents or 0.36 percent, settling at $82.86 per barrel

ADNOC Gas net income surges 21 percent in Q1 2024 at $1.18 billion

Domestic gas net income unit margin saw a 20 percent Y-o-Y improvement