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    Exxon’s record-smashing Q3 profit nearly matches Apple’s

    Exxon’s record-smashing Q3 profit nearly matches Apple’s

    30 Oct 2022

    Exxon Mobil Corp on Friday smashed expectations as soaring energy prices fueled a record-breaking quarterly profit, nearly matching that of tech giant Apple. Its $19.66 billion third-quarter net profit far...

    EU leaders agree on roadmap to tackle rising energy prices

    EU leaders agree on roadmap to tackle rising energy prices

    22 Oct 2022

    Leaders of the European Union (EU) member states have agreed on a 'roadmap' of measures to protect European consumers from soaring energy prices. The agreement was reached after several...

    Adnoc Drilling delivers new world record for longest well

    Adnoc Drilling delivers new world record for longest well

    20 Oct 2022

    Abu Dhabi National Oil Company (Adnoc) announced on Thursday that a new world record for the longest oil and gas well has been set at its Upper Zakum Concession. Stretching...

    Oil markets are going through ‘great fluctuations’, says Opec

    Oil markets are going through ‘great fluctuations’, says Opec

    16 Oct 2022

    Opec Secretary General Haitham Al Ghais said on Sunday that “oil markets are going through a stage of great fluctuations” during his two-day visit to Algiers. Al Ghais added that...

    Sheikh Mohamed’s peace moves

    Sheikh Mohamed’s peace moves

    13 Oct 2022

    United Arab Emirates President His Highness Sheikh Mohamed Bin Zayed Al Nahyan in his talks with Russian President Vladimir Putin in St. Petersburg on Tuesday discussed the Ukrainian crisis and...

    Adnoc Drilling awarded contract to further unlock offshore resources

    Adnoc Drilling awarded contract to further unlock offshore resources

    13 Oct 2022

    Abu Dhabi National Oil Company (Adnoc) announced on Thursday the award of a contract worth $980 million (Dhs3.6 billion) to Adnoc Drilling to hire two jack-up offshore rigs and associated...

    Adnoc Drilling secures $1.53b contract to boost operations

    Adnoc Drilling secures $1.53b contract to boost operations

    10 Oct 2022

    Abu Dhabi National Oil Company (Adnoc) on Monday awarded a contract worth $1.53 billion (Dhs5.62 billion) to Adnoc Drilling. The award supports the expansion of Adnoc’s offshore operations and its...

    Rising food, crude prices and weak rupee fuel India’s inflation

    Rising food, crude prices and weak rupee fuel India’s inflation

    08 Oct 2022

    Inflation in India has been on the rise consistently for the past several months and various reasons can be attributed to it such as soaring food and oil prices, among...

    Opec+ cuts production in face of impending recession

    Opec+ cuts production in face of impending recession

    05 Oct 2022

    The Opec+ has decided in the meeting of its Joint Ministerial Monitoring Committee (JMMC) in Vienna on Wednesday to cut production by two million barrels per day. Opec+ sources said...

    Opec+ makes big oil cut to boost prices; pump costs may increase

    Opec+ makes big oil cut to boost prices; pump costs may increase

    05 Oct 2022

    The Opec+ alliance of oil-exporting countries on Wednesday decided to sharply cut production to support sagging oil prices. Energy ministers meeting at the Vienna headquarters of the Opec+ oil group...

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