United States
Both Brent and WTI were up 1 percent so far this week after a surge earlier in the week
Bullion has lost 3.3 percent so far this week and is set for its worst weekly performance since November 2024
The International Energy Agency (IEA) expects global oil stocks to rise by over 700,000 b/d across the year
The satellite mission aims to localize space technologies and boost local content in industries
Abu Dhabi’s Masdar targets a clean energy portfolio of 25GW in the U.S. over the next decade
Agreements cover keys sectors including LNG, fuels, chemicals, emission-reduction technologies and AI
Cooperation will expand in key areas such as technology, energy, and innovation between the nations
Al Marri said the visit embodies the vision of the UAE's leadership to strengthen partnership bridges and promote economic openness
The U.S. is the UAE’s 6th largest trade partner, accounting for 4 percent of non-oil trade
U.S. crude stockpiles rose by 3.5 million barrels to 441.8 million barrels in the week ended May 9
Market focus is now on the U.S. producer price index data, due at 12:30 GMT, following the softer-than-expected consumer data
