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Oil
Energy
Global energy demand reaches new high in 2023, fossil fuels maintain dominant share: Report
Energy transition stalls as global primary energy demand rises to 620 Exajoules in 2023
Markets
Oil prices poised for second consecutive weekly gain on improving demand, inventory declines
Brent crude futures for August delivery dipped slightly by 15 cents to $85.56 per barrel
Markets
Oil prices hover slightly below recent highs as traders monitor Middle East, await U.S. inventory report
Brent crude for August delivery rose 6 cents to $85.13 per barrel
Markets
Oil prices hover around $85 amid global tensions, inventory shifts
Brent crude futures edged up 2 cents to $85.35 per barrel
Markets
Oil prices decline but remain on course for weekly gains amid OPEC optimism
Brent oil futures expiring in August fell 0.6 percent to $82.22 a barrel
Markets
Oil prices dip amid rising U.S. inventories as Fed keeps interest rates steady
Brent oil futures expiring in August fell 0.5 percent to $82.24 a barrel
Energy
OPEC maintains forecast for 2.25 million bpd global oil demand growth in 2024, 1.85 million bpd in 2025
The organization forecasted 2.3 million bpd rise in world oil demand in the second half of 2024
Markets
Oil prices edge higher on declining U.S. inventories; investors await Fed announcement and inflation data
Brent crude futures for August delivery gained 0.2 percent to $82.09 per barrel
Logistics
Oman posts $6.7 billion trade surplus, merchandise exports reach $16.88 billion by end of March 2024
Total value of merchandise imports to the Sultanate amounted to $10.1 billion
Markets
Oil prices dip ahead of key Fed meeting, U.S. inflation data release
Brent crude futures fell 11 cents, or 0.13 percent, to $81.52 per barrel
Energy
ADNOC pays $1.19 billion to ADNOC Distribution bondholders to redeem U.S. dollar denominated bonds
Following the redemption, ADNOC Distribution’s free float remains unchanged at 23 percent
Economy
Kuwait’s robust financial assets, projected at 418 percent of GDP, underpin ‘A+’ sovereign rating, stable outlook: Report
The report highlighted the ongoing structural and financial reforms in the country
Markets
Oil prices stabilize as traders await OPEC meeting, Fed cues
Brent crude oil futures for August delivery rose 0.2 percent to $79.77 per barrel
Markets
Key factors influencing gold, crude oil performance in H1 2024
From economic signals to policies and developments in the Fed
Energy
Kuwait new energy strategy takes off but oil still dominates
Revival of projects in the energy sector key to the country’s development
Energy
OPEC oil output rises in May, reaching 26.63 million barrels per day
This represents an increase of 145,000 bpd from April
Energy
Upstream oil and gas investment needs to rise 22 percent by 2030 to meet surging demand, $4.3 trillion required: Report
Global upstream oil and gas capital expenditure is expected to grow by $24 billion this yearÂ
Logistics
Oman’s foreign trade exchange surges 12.8 percent in Q1 2024, transactions reach $26.7 billion
Oman's trade balance rose 35 percent to $6.75 billion in the same quarter
Markets
Oil prices climb amid optimism for rate cuts, despite inventory build and demand concerns
Brent crude futures for August delivery rose 0.5 percent to $78.80 per barrel
Markets
Oil prices drop to 4-month low amid outsized increase in U.S. inventories
Brent crude futures for August delivery fell 0.1 percent to $77.44 a barrel
Economy
Kuwait’s non-oil private sector sees strongest growth in nearly 4 years, PMI reaches 52.4 in May: Report
The growth rates exceeded those of the post-COVID recovery in mid-2020
Markets
Oil prices tumble to 4-month low amid demand concerns, OPEC production outlook
Brent oil futures for August delivery fell 0.4 percent to $78.05 per barrel
Markets
Oil prices rise as OPEC+ maintains cuts, but demand concerns linger
Brent oil futures expiring in August gained 0.3 percent to $81.33 per barrel
Energy
OPEC+ extends voluntary production cut of 2.2 million barrels of crude oil a day into 2025
This extension builds upon previously agreed reductions of 3.66 million barrels per day announced in 2022 and 2023
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