Oil

UAE’s ADNOC awards $17.9 billion in contracts to 400 local companies in H1 2025

The awards cover critical sectors, emphasizing ADNOC's commitment to prioritizing local suppliers in procurement

Crude oil prices hold steady at $65.36 amid trade tensions, economic data from China

Both contracts saw a rise of over 1 percent after the U.S. and China paused tariffs

$60 billion in U.S. investments secured by ADNOC during UAE-U.S. business dialogue

UAE energy investments in the U.S. expected to reach $440 billion by 2035 as part of strategy

Saudi Arabia’s inflation reaches 2.3 percent in April 2025, among lowest in G20 nations

GASTAT measures prices through a fixed basket of 490 goods and services paid by consumers

Oil prices fall over $1 on oversupply risks as U.S. stockpiles build

U.S. crude stockpiles rose by 3.5 million barrels to 441.8 million barrels in the week ended May 9

Crude oil prices dip to $66.24, near two-week highs amid U.S.-China tariff optimism

Expectations of a significant increase in U.S. oil inventories tempered optimism in the market for now

Crude oil prices drop to $64.83 amid supply concerns, U.S.-China trade deal

U.S. and China cut tariffs temporarily, boosting markets but leaving uncertainties unresolved.

ADNOC L&S reports $1.181 billion Q1 2025 revenue — 41 percent surge led by logistics and shipping gains

EBITDA rose by 20 percent to $343.6 million, driven by robust performance across all business segments

Crude oil prices surge to $61.41 on trade deal hint, demand concerns

Despite gains, oil prices have suffered significant losses in 2025 due to slowing demand and rising production

Crude oil prices climb to $62.73 as market focuses on U.S.-China trade talks

Crude stocks fell by 4.5 million barrels recently, with analysts expecting further declines in inventories

UAE’s ADNOC raises $1.5 billion through debut sukuk

Net proceeds will support ADNOC Group for general corporate purposes and funding diversification