Oil

ADNOC Gas awards $550 million contracts to expand UAE gas infrastructure, increase customer reach

The contracts were awarded to NMDC Energy P.J.S.C and Galfar Engineering & Contracting W.L.L Emirates

Oil prices steady amid strengthening dollar, concerns over weakening demand in China

Brent oil futures for September delivery recorded $85.10 per barrel

Kuwait’s GDP falls 4.4 percent in Q4 2023 on oil sector contraction: Report

Kuwait maintained crude oil production at 2.55 million barrels per day in line with its OPEC+ production cut obligations

Oil prices rise on softer U.S. inflation, summer demand hopes

Brent oil futures for September delivery rose 0.1 percent to $85.52 per barrel

Oil prices rise on weaker dollar, tighter supply bets ahead of CPI data

Brent Oil Futures expiring in September rose 0.7 percent to $85.74 a barrel

Sheikh Khaled witnesses signing ceremony for international partners joining ADNOC’s Ruwais LNG project

His Highness met with heads of global energy companies to discuss the future of the sector

Egypt approves $200 million in energy projects with foreign, national companies

Agreements include a deal to search for and exploit gas and crude oil in the North Port Fouad offshore area in the Mediterranean

Oil prices stabilize as market monitors tropical storm Beryl, geopolitical developments

Brent oil futures for September delivery hovered around $85.72 per barrel

Oman’s Q1 2024 GDP rises to $27.15 billion driven by non-oil sector growth

This growth was driven by a surge in non-oil activities, which recorded a value of OMR7.18 billion

Oil prices steady amid storm threat and demand concerns

Brent crude futures for September delivery edged up 0.2 percent to $86.67 per barrel

Oil prices hold steady, on track for fourth straight week of gains as strong summer demand and supply concerns buoy market

Brent crude futures, which have risen 7 percent over the past four weeks, dipped slightly by 2 cents to $87.41 per barrel