IF Insights: AI props up war-hit world economy
The IMF has nudged 2026 growth back to 3.1%, but it rests on a handful of chipmaking economies while energy importers and the Gulf absorb the war's cost...
Tag : oil prices
Higher oil prices, Malaysia joint venture exit lift Aramco’s Q3 profit 34.5%
Aramco reported a net profit of USD 36.25 billion in the three months ended September 30 compared with USD 26.9 billion in the year-earlier period...
Saudi’s low inflation rate a lesson for G20 countries
The newest prediction from the IMF predicts that Saudi Arabia's GDP will rise 7.6% this year after accelerating by 3.2% last year...
Oil prices dip as OPEC+ agrees to gradual output hikes
Brent crude was down by 0.2%, at $71.43 a barrel on Thursday...
GCC economies to grow by 2.2% this year: World Bank
In 2020, the GCC countries saw a GDP contraction of 4.8% due to Covid-19 pandemic and lower oil prices...
Exxon makes new discovery at Whiptail in the Stabroek Block offshore Guyana
The Whiptail discovery is located approximately 4 miles southeast of the Uaru-1 discovery...
Will Kuwait push through the debt law?
If the Arab state overcomes the legislative gridlock—there still might be hope to access foreign debt markets and preserve its sovereign wealth assets...
China’s oil demand rebounds to 90% pre-Covid-19 levels
Demand is expected to reach 92% in May...
Oil price increases above Dh110 a barrel after reduced activity
Last month, Opec expected the sector to shrink 6.85 mn bpd...
IEA says no impact on oil market despite US-Iran row
Oil prices have fallen after leaping $4 per barrel...