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Oil
Energy
ADNOC’s offshore SARB field begins AI-enabled operations, raises capacity by 25 percent
Expansion supports ADNOC’s target to increase its production capacity to 5 million barrels of oil per day by 2027
Egypt
Egypt signs $342 million in agreements to boost oil, gas production
Cheiron Energy to increase natural gas production from the West Burullus offshore field development project
Energy
Oil prices slide to two-month low ahead of OPEC meeting, Fed policy decisions
Brent oil futures expiring in September fell 0.2 percent to $79.63 per barrel
Economy
UAE, Chile sign CEPA to boost non-oil trade through tariff cuts and eased barriers
The CEPA also seeks to establish new investment and cooperation pathways, allowing private sectors to build partnerships
Markets
Oil prices flat as demand outlook and supply glut concerns weigh
Brent oil futures expiring in September rose slightly by 0.2 percent to $81.25 a barrel
Markets
Oil prices steady on strong U.S. GDP, but headed for third weekly losses
Brent oil futures expiring in September were stable at $82.38 per barrel
Markets
Oil prices slip amid concerns over China’s demand, pending U.S. economic data
Brent crude futures for September delivery slipped 0.5 percent to $81.26 per barrel
Economy
Kuwait sees deficit of $5.23 billion in FY 2023/24 despite non-oil revenue growth
The country's total revenue in fiscal year 2023-2024 was KWD23.645 billion
Markets
Oil prices rebound after recent losses as industry data shows inventory drop, but surplus looms in 2025
Brent oil futures for September delivery rose 0.5 percent to $81.40 per barrel
Logistics
UAE’s ADNOC L&S invests $1.9 billion in supersize ethane carriers and ammonia vessels
The VLECs will be deployed on 20-year time charter contracts, generating an estimated $4 billion in revenue
Markets
Oil prices fall to 1.5-month low amid weak outlook and surplus concerns
Brent oil futures expiring in September fell 0.2 percent to $82.26 a barrel
Markets
Oil prices retreat amid doubts about China’s demand outlook, signaling weekly losses
Brent oil futures for September delivery shed 0.5 percent to $84.73 per barrel
Markets
Oil prices rise amid declining U.S. crude inventories, Fed rate cut expectations
Brent futures, the global oil benchmark, rose 32 cents, or 0.4 percent, to $85.40 per barrel
Economy
Oman’s GDP expands 1.7 percent in Q1 2024, reaching $24.77 billion
Crude petroleum activities declined by 3.3 percent, recording OMR2.55 billion
Markets
Oil prices stabilize amid declining U.S. reserves, slower China demand
Brent crude oil futures were down by 4 cents to $83.69 per barrel
Miscellaneous
ADNOC, Mubadala collaborate to cultivate Emirati talent for UAE’s sustainable future
The move aims to develop Emirati talent for crucial sectors through advanced training
Markets
Oil prices dip amidst Chinese economic slowdown, anticipation of Fed interest rate cuts
Brent crude futures fell 21 cents, or 0.25 percent, to $84.64 per barrel
Energy
Kuwait announces massive oil and gas discovery estimated at 3.2 billion barrels
This discovery has raised hopes of finding additional hydrocarbons to boost the country's energy resources
Energy
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
Markets
Oil prices steady amid strengthening dollar, concerns over weakening demand in China
Brent oil futures for September delivery recorded $85.10 per barrel
Economy
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
Markets
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
Markets
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
Energy
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
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