Oil

WGS 2024: Transition to clean energy should not conflict with relying on oil, says Haitham Al Ghais

Dispensing oil for other energy sources is unrealistic, says OPEC secretary general.

Oil prices record marginal gains ahead of new economic data

Brent and WTI futures increased by 0.1 percent

WGS 2024: UAE committed to ensuring global oil market stability with OPEC+

Commitment to sustainability and global oil market stability takes center stage

Oil prices dip as geopolitical tensions ease

Putting an end to last week’s five-day rally

Oil ends week with some gains

Development in Middle East situation reflect on volatility of prices

OECD raises global growth outlook to 2.9 percent in 2024

Shipping and energy supply disruption are currently the most threatening factors to the global economy

Oil prices tick up on optimism of steady U.S. output

Production to surpass record high in 2025, EIA reports

Duqm refinery, a $9 billion joint venture between Oman and Kuwait to launch tomorrow

New refinery boasts a daily refining capacity of 230,000 barrels of crude oil

Saudi Arabia’s non-oil sector grew 4.6 percent in 2023

Report highlights economic diversification efforts and the impact of OPEC+ decisions on GDP