Oil and gas
ADNOC Gas's inclusion follows a successful $2.8 billion share offering, expanding public share availability
Wildfires in Alberta temporarily shut down oil production, further heightening supply concerns
Public spending reached OMR12.241 billion, primarily driven by subsidies for oil and development projects
Low U.S. fuel inventories raise supply concerns as operational oil rigs decline to the lowest level since November 2021
Current production levels will remain in place through the end of December 2026, ensuring stability
Net oil revenue totaled OMR1,468 million at the end of Q1 2025, marking a 13 percent drop
Investors weigh supply risks after U.S. bars Chevron from exporting Venezuelan crude oil under new authorization
New jack-up rigs will integrate AI and digitalization for superior efficiency and performance
Market anticipates OPEC+ decision on increased crude oil output, affecting global prices
Crude oil flowed from the Wara reservoir in the North Wafra (Wara-Burgan-1) well at a rate exceeding 500 barrels per day
Each of the six companies showed strong financial results and progress on strategic priorities
