The IEA on Friday boosted its forecast for supply growth this year, while also trimming its outlook for growth in demand
The initiative is designed to boost operational efficiency, reliability, and service quality
Trump’s tariffs have prompted uncertainty across the market and concerns they could have a negative effect on the global economy and, consequently, on oil demand
The country also increased the prices for all crude grades it sells to refiners in Northwest Europe and the Mediterranean by $1.40 a barrel
Lootah has more than 30 years of leadership experience in the oil and gas sector
OPEC+ will likely agreed to raise their output by 411,000 barrels per day (bpd)
Oil’s gains were kept in check by expectations that the OPEC+ group will boost its August crude oil output
The price for Super 98 petrol will be priced at Dh 2.70 per litre, up from Dh 2.58 in June
Brent crude futures LCOc1 fell 13 cents, or 0.19 per cent, to $67.64 a barrel by 0344 GMT, ahead of the August contract’s expiry later on Monday
The Abu Dhabi Fund for Development signed the financing agreement with the Gulf Cooperation Council Interconnection Authority to facilitate power exchange between the UAE and GCC nations
To bridge the funding gap, the commission urges a blended financing model that leverages both public and private capital, coupled with risk-mitigation mechanisms to improve investor confidence
The International Energy Agency revised its world oil demand estimate downwards by 20,000 bpd from last month’s forecast, and increased the supply estimate by 200,000 bpd to 1.8 million bpd
Santos shares rose 15 per cent in early trading Monday
Friday’s gains were the largest intraday moves for both contracts since 2022 after Russia invaded Ukraine
The project also reinforces ADNOC Gas’ long-term growth strategy and commitment to In-Country Value (ICV), with plans to create hundreds of new technical roles by 2029
According to Aramco, the tranches include $1.5bn in senior notes maturing in 2030 with a coupon rate of 4.7 per cent
Super 98 petrol will cost Dhs2.58 a litre
ADNOC Gas Pipeline Assets holds usage rights over one of the UAE’s most critical energy assets
The plant plays a key role in meeting energy demands in a country experiencing rapid economic and population growth
The International Monetary Fund and economists estimate Riyadh needs oil prices of over $90 a barrel to balance its budget
The contract awards span key sectors including drilling, logistics, operational support services, and engineering, procurement and construction (EPC)
The new projects are part of a broader push to deepen UAE-US energy ties, with the enterprise value of UAE energy investments into the US projected to hit $440bn by 2035
US President Trump says, the deal will generate billions of dollars in business and accelerate efforts by the UAE, an oil power and regional economic power
Bunker volumes in April climbed 4.6 per cent from the previous month, while edging 4.8 per cent higher from the same month last year
GE Vernova has operated in Saudi Arabia for nearly 90 years, with a power generation installed base of over 50 gigawatts
The agreement grants XRG a 38 per cent participating interest in the offshore “Block I” gas and condensate fields located in Turkmenistan’s Caspian Sea region
The world’s biggest oil exporter reported a net profit of $26.01bn for the first three months of 2025
The United States and China had ended trade talks on a positive note on Sunday, with US officials touting a “deal” to reduce the US trade deficit
The partnership leverages ANPR technology, already deployed by Salik at over 25 parking locations and soon expanding to 127 locations, to offer contactless payments at ENOC’s retail and service network
OPEC+ shocked oil markets in April by agreeing a bigger-than-expected output hike for May despite weak prices and slowing demand