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Economy Middle East Summit 2025
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Economy Middle East Summit 2025
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Oil
Energy
Crude oil prices edge down to $63.85 as OPEC+ meeting approaches
Market anticipates OPEC+ decision on increased crude oil output, affecting global prices
Banking & Finance
ADNOC’s listed companies report over $2.3 billion in Q1 2025 net profit
Each of the six companies showed strong financial results and progress on strategic priorities
Markets
Crude oil prices surge above $64.45 as U.S. extends EU trade talks deadline
Trump's deadline extension for EU trade talks aims to alleviate concerns about tariffs and fuel demand
Energy
Crude oil prices hit $66.4 amid fears of potential supply chain disruptions
Investors await upcoming U.S. oil stock data from the EIA later on Wednesday
Energy
Make it in the Emirates 2025: ADNOC, Tawazun Council partner to boost operational capabilities and national development goals
Both organizations will collaborate on petroleum services, operations, and maintenance for enhanced efficiency
Energy
Crude oil prices hold above $65.4 amid strong Asian demand, U.S. economic uncertainties
Moody's downgrade of U.S. credit rating raises concerns about economic outlook and oil prices
Energy
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
Energy
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
Energy
$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
Economy
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
Energy
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
Energy
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
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