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Brent crude futures gained $1.29, or 1.3 per cent, to $98.69 a barrel by 1348GMT, while US West Texas Intermediate crude futures rose $1.45, or 1.6 per cent, to $93.38
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World demand growth to slow to 3.1 million bpd in 2022; Opec July output rises 162,000bpd, less than pledged; Sees slightly higher US shale growth in 2023
The company’s revenue increased 31 per cent to Dh1.041 billion as compared to Dh792 million in first half of 2021 while its operating costs dropped 16 per cent
The five-year contract was awarded by Adnoc Offshore to Adnoc Logistics and Services (Adnoc L&S) and underpins the world-class capabilities within Adnoc’s group companies
Transneft restarts oil flows via Druzhba; US crude inventories up more than 5 million barrels per day; US inflation data softer than expected, but Fed hike expected
Revenue increased by 15 per cent to Dh25.4 billion primarily due to higher commodity prices within the oil and gas segment
Erasing earlier gains, Brent crude futures were down $1.54, or 1.6 per cent, at $93.38 a barrel by 1128GMT. US West Texas Intermediate crude was at $87.63 a barrel, down 41.38, or 1.6 per cent
The utility’s preventive maintenance work for its energy transmission network makes its grid the best worldwide
Company implementing all options to ensure uninterrupted export of Murban crude oil
The demand outlook remains clouded by increasing worries about an economic slump in the United States and Europe, debt distress in emerging market economies, and a strict zero Covid-19 policy in China