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    Oil attains new high near $75 on demand rise, falling inventories

    Oil attains new high near $75 on demand rise, falling inventories

    16 Jun 2021

    Oil gained for a fifth day on Wednesday, climbing towards $75 a barrel to its highest since April 2019, supported by a recovery in demand from the pandemic and a...

    Oil trades at multi-year highs; US retail sales drop 1.3% in May

    Oil trades at multi-year highs; US retail sales drop 1.3% in May

    15 Jun 2021

    Oil prices reached their highest in more than two years on Tuesday, buoyed by expectations demand will recover rapidly in the second half of 2021. Brent crude rose 77...

    Opec chief upbeat on oil outlook, sees crude stocks to fall further

    Opec chief upbeat on oil outlook, sees crude stocks to fall further

    07 Jun 2021

    Opec and its allies expect oil inventories to fall further in the coming months, Opec’s secretary general said on Monday, suggesting efforts by the producers to support the market...

    Opec confirms plans to increase oil output as global economy recovers

    Opec confirms plans to increase oil output as global economy recovers

    01 Jun 2021

    The Opec and allied producing countries have confirmed plans to restore 2.1 million barrels of crude per day of oil output, balancing fears that continuing COVID-19 outbreaks in some...

    Adnoc and Taqa to develop world class utilities at TA’ZIZ in Ruwais

    Adnoc and Taqa to develop world class utilities at TA’ZIZ in Ruwais

    01 Jun 2021

    Abu Dhabi National Oil Company (Adnoc) and Abu Dhabi National Energy Company (Taqa) have signed an agreement to construct the utilities facility for TA’ZIZ, the new world-scale chemicals production...

    UAE fuel prices for June announced

    UAE fuel prices for June announced

    30 May 2021

    Staff Reporter, Gulf Today The UAE has announced a slight increase in fuel prices during the month of June, according to the new petrol and diesel prices announced on Sunday...

    Adnoc clears Dhs2.73 billion deal for Belbazem Offshore Block

    Adnoc clears Dhs2.73 billion deal for Belbazem Offshore Block

    25 May 2021

    The Abu Dhabi National Oil Company (Adnoc) on Tuesday announced the award of a Dhs2.73 billion ($744 million) contract for the full field development of the Belbazem Offshore Block,...

    Adnoc invests $318 million to connect smart wells at Bu Hasa

    Adnoc invests $318 million to connect smart wells at Bu Hasa

    18 May 2021

    The Abu Dhabi National Oil Company (Adnoc), announced on Tuesday an investment of up to $318 million (Dhs1.16 billion) to connect newly drilled smart wells to the main production facilities...

    Oil prices increase on solid demand outlook as market awaits fresh cues

    Oil prices increase on solid demand outlook as market awaits fresh cues

    12 May 2021

    Oil prices rose on Wednesday after a drop in US crude inventories reinforced Opec’s robust demand outlook, while the market awaited fresh updates on the Colonial Pipeline outage. US West...

    Adnoc Distribution posts net profit of Dhs631 million in first quarter

    Adnoc Distribution posts net profit of Dhs631 million in first quarter

    10 May 2021

    Adnoc Distribution on Monday reported its first-quarter 2021 financial results, recording an underlying EBITDA of Dhs740 million with a net profit of Dhs631 million for the quarter, while cash flow...

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