Oil
The awards cover critical sectors, emphasizing ADNOC's commitment to prioritizing local suppliers in procurement
Both contracts saw a rise of over 1 percent after the U.S. and China paused tariffs
UAE energy investments in the U.S. expected to reach $440 billion by 2035 as part of strategy
GASTAT measures prices through a fixed basket of 490 goods and services paid by consumers
U.S. crude stockpiles rose by 3.5 million barrels to 441.8 million barrels in the week ended May 9
Expectations of a significant increase in U.S. oil inventories tempered optimism in the market for now
U.S. and China cut tariffs temporarily, boosting markets but leaving uncertainties unresolved.
EBITDA rose by 20 percent to $343.6 million, driven by robust performance across all business segments
Despite gains, oil prices have suffered significant losses in 2025 due to slowing demand and rising production
Crude stocks fell by 4.5 million barrels recently, with analysts expecting further declines in inventories
Net proceeds will support ADNOC Group for general corporate purposes and funding diversification
