Markets
A Western Oil Milestone: Exxon Sets Historic High with Record $56 Billion Profit
Exxon's results went above and beyond the earlier records reported in 2008, hitting $142 per barrel...
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Oil prices rise on stronger Chinese economic recovery.
Brent Crude prices rallied to $88.50 per barrel, an increase of 1 percent or 88 cents...
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Dubai Hosts The Inaugural MENA IPO Summit On January 23, 2023
The agenda of this MENA IPO summit is to discuss the up-and-coming prospects of Dubai's IPO...
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OPEC: China To Boost Oil Demand By Up To 500,000 BPD
OPEC Secretary General stated that the reopening of the Chinese economy after the covid restrictions will...
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Major Impetus In Black Sea Gas Reserves: A Step Closer To Energy Independence For Turkey
After a Cabinet meeting in Ankara's Presidential complex on Monday, December 27, 2022, Turkish President Recep...
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PETRONAS and ADNOC sign historic Abu Dhabi unconventional resource deal
PETRONAS will hold 100 percent equity and operatorship to explore and appraise unconventional oil in the...
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Trafigura secures $3 billion loan facility for German gas supply
Trafigura ensures the loan to supply natural gas to Sefe, which is the quasi-nationalized entity that...
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Oil price picks up over 2% after OPEC+ kept Output targets steady
The Organization of Petroleum Exporting Countries (OPEC) and allies including Russia, together called OPEC+ on Sunday...
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UAE’s ADNOC Board Approves ‘ADNOC Gas,’ Strives for Net-Zero Emissions by 2050
The new company will be a consolidated entity that will manage ADNOC Gas Processing and ADNOC...
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S&P Rating Boosts In Bahrain Consequent to Oil Price Hike and Policy Reforms
S&P Global Ratings has upgraded its outlook on Bahrain from ‘negative’ to ‘stable’ on Saturday in...
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