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Brent was down 2 percent so far this week, while WTI was 2.7 percent lower
Crude inventories rose by 1.3 million barrels to 443.2 million barrels in the week ended May 16, the EIA said
Subscription eligibility will be limited to shareholders registered with Edaa as of the deadline
Investors await upcoming U.S. oil stock data from the EIA later on Wednesday
UAE invested in renewable energy projects across 70 countries to support global energy justice
Both organizations will collaborate on petroleum services, operations, and maintenance for enhanced efficiency
Moody's downgrade of U.S. credit rating raises concerns about economic outlook and oil prices
Agreement grants ADNOC perpetual and exclusive rights to utilize Tubacex’s Sentinel Prime premium tubular joint connection technology
The awards cover critical sectors, emphasizing ADNOC's commitment to prioritizing local suppliers in procurement
Both contracts saw a rise of over 1 percent after the U.S. and China paused tariffs
UAE energy investments in the U.S. expected to reach $440 billion by 2035 as part of strategy
The United States is expected to invest $60 billion in UAE energy projects
Both Brent and WTI were up 1 percent so far this week after a surge earlier in the week
The bond was issued in two equal tranches of $500 million with competitive coupon rates
The International Energy Agency (IEA) expects global oil stocks to rise by over 700,000 b/d across the year
Abu Dhabi’s Masdar targets a clean energy portfolio of 25GW in the U.S. over the next decade
The group faced a decline in EBITDA, which fell by 6.7 percent to $1.4 billion
Agreements cover keys sectors including LNG, fuels, chemicals, emission-reduction technologies and AI
U.S. crude stockpiles rose by 3.5 million barrels to 441.8 million barrels in the week ended May 9
Expectations of a significant increase in U.S. oil inventories tempered optimism in the market for now
U.S. and China cut tariffs temporarily, boosting markets but leaving uncertainties unresolved.
Company posted $135.5 million in net profit during the quarter
Chinese Vice Premier He Lifeng said a U.S.-China joint statement would be released on Monday
Despite signs of easing tensions, analysts cautioned that the recent tariff-driven volatility in the oil market was not over yet
