Oil prices surge to more than USD 80 as the Pound Sterling plummets
Oil prices surged to more than the USD 80 mark (GBP 59.05) per barrel on 28th ...
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UAE to make additional cuts to ease dwindling oil demand
In the event of announcing reductions in oil supply, energy minister of United Arab Emirates said ...
Saudi Arabia Boosts Crude Oil Supplies, Escalating Price War with Russia
On March 10, the energy titan Saudi Aramco announced to boost crude oil supplies to 12.3 million ...
Saudi Arabia Plans to Raise Nearly $12 bn in Aramco Share Sale
As part of its plan for economic change, Saudi Arabia has already lowered its goals for ...
Aramco Increases Dividend Payout by 30%, Despite Production Cuts
Being the world’s biggest crude oil exporter, Aramco is a major source of income for the ...
Saudi Aramco Ordered to Lower Production Capacity Target
Saudi Aramco was asked by the Ministry to step back to the previous target of 12 ...
COP28 Approves a Deal for “phase out” of Fossil Fuels
President Sultan Al-Jaber, the President of COP28, approved the central document for the global stocktake concerning ...
GCC Economy Projected to Expand 3.7% in 2025: World Bank
It was reported in the Gulf Economic Update, which also mentioned that the GCC would grow ...
Fed Cuts and China’s NPC in Focus as Investors Brace Pre-US Election Tension
Besides the US election, investors will also focus on the NPC of China standing committee meeting. ...
Adnoc’s Acquisition Of Fertiglobe Accelerates Global Low-Carbon Ammonia Production
On Tuesday, the Abu Dhabi-based energy company, Adnoc announced the completion of its acquisition of Netherlands-based ...
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