Oil

Saudi Arabia’s construction output hits $148 billion in 2024, forecasted to reach $191 billion by 2029

Vision 2030 drives $215.4 billion in construction contracts across the Kingdom

Crude oil prices fall 0.35 percent to $68 as OPEC+ surprises markets with 548,000 bpd output hike

Saudi Arabia raised August prices for Arab Light crude to a four-month high for Asia 

Crude oil prices steady above $68.55 amid Trump’s tariff announcements, job market resilience

Trump's letters detail tariff rates ranging from 20 percent to 30 percent for 10 countries simultaneously

Saudi Arabia boosts crude oil exports to highest in over a year ahed of OPEC meeting

The Kingdom's oil exports rose by 450,000 bpd in June, reaching 6.33 million bpd

BlackRock releases 2025 Midyear Global Outlook amid market uncertainty

BlackRock believes this era offers better opportunities than the relatively static conditions of the past decade

Crude oil prices climb 2 cents to $67.15 as OPEC+ supply decision looms

Saudi Arabia's shipments increased by 450,000 bpd in June, marking the highest levels in over a year

Crude oil prices dip over 0.2 percent, settle above $66.45 amid OPEC+ and tariff concerns

OPEC+ plans to increase output by 411,000 barrels per day starting in August

How UAE is balancing oil production growth with renewable energy ambitions

Key investments of AED150 to AED200 billion target a significant increase in renewable energy capacity 

UAE fuel prices for July 2025 reveal increases in petrol and diesel rates

Super 98 petrol will now cost AED2.70 per litre, increasing from AED2.58 in June

Crude oil prices fall 0.19 percent above $67.6 as Middle East tensions ease, OPEC+ plans increase

The market has largely eliminated the geopolitical risk premium after the ceasefire announcement

How fiscal policy, increased public spending are shaping GCC economic resilience in 2025

Total public spending in GCC countries is projected to reach $542.1 billion in 2025 

Crude oil prices surge over 1 percent to above $67 amid Middle East stability

Concerns rise over the Strait of Hormuz, through which nearly a fifth of global oil flows