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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...

Adnoc launches innovative programme

08 May 2021

The Abu Dhabi National Oil Company (Adnoc) announced recently that it has successfully implemented an innovative initiative to drive efficiencies in its tendering process. This programme supports Adnoc’s ongoing efforts...

Oil prices fall on India’s demand concerns

30 Apr 2021

Gulf Today Report Oil prices declined on Friday on worries of wider lockdowns in India and Brazil to control the COVID-19 pandemic. Brent crude fell 31 cents, or 0.5%,...

Oil prices climb on optimistic demand outlook

28 Apr 2021

Gulf Today Report Oil prices rose on Wednesday on the forecast of recovery in global fuel demand, however, the surge in coronavirus cases in India and the unexpected build...

Oil rises as Opec+ seen sticking to policy despite India COVID surge

27 Apr 2021

Oil prices rose on Tuesday as Opec+ sources said the producer group would stick to existing plans to boost oil output slightly from May 1, suggesting they do not...

Oil prices rebound on fuel demand worries in India

27 Apr 2021

Gulf Today Report Oil prices bounce back on Tuesday amid worries surrounding fuel demand in Indian as coronavirus cases continue to surge. Brent crude was up 40 cents, or...

Adnoc partners with A-MAP to facilitate lubes and greases

26 Apr 2021

Inayat-ur-Rahman , Gulf Today Adnoc Distribution, the UAE’s largest fuel and convenience store retailer, announced that it has entered a five-year partnership with Al Muqarram Auto Spare Parts Trading (A-MAP),...

Oil prices drop on soaring coronavirus cases in India

26 Apr 2021

Gulf Today Report Oil prices dropped on Monday due to concerns of surging COVID-19 cases in India likely to drag down fuel demand and investors gearing up for the...

Oil prices rise on demand recovery hope

23 Apr 2021

Gulf Today Report Oil prices advanced on Friday on hope for demand recovery following the ease of lockdown and economic growth, however, the surge in India’s COVID-19 cases capped...

Global markets gain on growth hopes; oil down on virus fears

22 Apr 2021

Global stocks ground higher while oil ebbed on Thursday as investors diverged over whether to bet on economic recovery in the United States and other developed markets or worry...

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