UAE economy grew 4.3% in 2023 Q4
As one of the top oil exporters in the world, the UAE has expedited plans to diversify its economy away from hydrocarbons and attract international investment...
Tag : oil
OPEC predicts increase in global oil demand, IEA differs
OPEC declared that it would no longer publish the estimate of global demand for its own crude, which is used as a gauge of market strength, and instead concentrate on OPEC+'s oil demand...
Oil might rise to USD 100 in Middle East due to conflict, warns World Bank
The World Bank's index of commodity prices hasn't changed significantly since the middle of 2023...
Ports in Oman show strong growth in 2023-2024
The number of cruise ship visitors at the ports of Sultan Qaboos, Salalah, and Khasab rose significantly...
Iran’s new oil deals: All you need to know
Iran can produce about 31.8 million barrels of crude oil per day, according to the IEA's most recent estimate...
Aramco CEO Amin Nasser calls for ‘new, practical pathway’ for energy transition
Aramco CEO Amin Nasser said that the transition from coal to gas is responsible for two-thirds of the reductions in carbon emissions in the US...
Oil price volatility continues amid geopolitical concerns, interest rate worries
A stronger dollar makes oil expensive for buyers with other currencies...
Saudi Arabia occupies third position in Global Retail Development Index
Saudi Arabia’s retail sector is contributing 23% to the non-oil economy, and is aiming to exceed SR460 billion by 2024 end...
The eight most volatile sectors in 21st century economy
S&P Global's fourth most volatile sector was technology, with a 14.8% standard deviation...
Dragon Oil announces plans to drill seven more wells in Egypt
Dragon Oil said it will spend USD 200 million to develop the Al Wasl oil field. By 2026, the company hopes to have drilled more wells and more than doubled the daily production...