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Browsing: Oil & Gas
United Arab Emirates, Abu Dhabi, May 2024: The highly anticipated Middle East Asset Integrity Management…
ADNOC Gas has announced a 15% rise in revenues to $6.011B, with adjusted net income up by 21% to $1.19B for the quarter ending March 31st.
Oil futures rose during Monday’s morning trading following Saudi Arabia’s decision to increase June crude prices for most regions. The possibility of an immediate ceasefire in Gaza diminishing also contributed to the strengthening of crude prices.
The UAE’s non-oil private sector sustained growth in April, despite significant rainfall – the most severe since records began in 1949 – disrupting business operations and impacting sales.
OPEC has stated that there will be significant increases in global oil demand in both 2024 and 2025. The Organisation of the Petroleum Exporting Countries (OPEC) announced on Thursday that global oil demand is expected to increase by 2.25 million barrels per day.
The economy of Abu Dhabi’s private sector has expanded by 35 per cent to over $92B since 2016, reflecting the increasing significance of the emirate’s non-oil economy.
Bloomberg has unveiled a new Bloomberg Commodity Murban Crude Oil Index, designed to monitor the performance of rolling futures on Murban Crude Oil. This fresh addition serves as a subindex of the flagship Bloomberg Commodity Index (BCOM) and underscores the rapid global recognition and significance that Murban crude and its futures contract have gained, trading alongside renowned benchmarks like Brent and WTI.
Oilmeals exports surged by 9% in February to nearly 5.16 lakh tonnes, driven by increased outward shipments of soyabean meal, according to trade figures.
OPEC+ nations, spearheaded by Saudi Arabia and Russia, concurred on Sunday to prolong voluntary cuts in oil production by 2.2 million barrels per day (bpd) through the second quarter.
Adnoc Gas, renowned for possessing the world’s seventh-largest natural gas reserves, has entered into a…