Oil
Low U.S. fuel inventories raise supply concerns as operational oil rigs decline to the lowest level since November 2021
Special 95 petrol is steady at AED2.47 per litre, mirroring May’s pricing for motorists
Current production levels will remain in place through the end of December 2026, ensuring stability
Net oil revenue totaled OMR1,468 million at the end of Q1 2025, marking a 13 percent drop
Investors weigh supply risks after U.S. bars Chevron from exporting Venezuelan crude oil under new authorization
New jack-up rigs will integrate AI and digitalization for superior efficiency and performance
Market anticipates OPEC+ decision on increased crude oil output, affecting global prices
Each of the six companies showed strong financial results and progress on strategic priorities
Trump's deadline extension for EU trade talks aims to alleviate concerns about tariffs and fuel demand
Investors await upcoming U.S. oil stock data from the EIA later on Wednesday
Both organizations will collaborate on petroleum services, operations, and maintenance for enhanced efficiency
