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Oil prices rise, tight supply back in focus

25 Sep 2023

Oil prices rose on Monday as investors focused on a tighter supply outlook after Moscow issued a temporary ban on fuel exports while remaining wary of further rate hikes...

UAE economy set to remain on growth path

12 Sep 2023

The Organisation of the Petroleum Exporting Countries (Opec) has confirmed that the UAE’s economy grew by 3.8 per cent in the first quarter of 2023. In its September 2023 report,...

Opec sticks to oil demand growth forecast citing resilient economies

12 Sep 2023

Opec on Tuesday stuck to its forecasts for robust growth in global oil demand in 2023 and 2024 citing signs that major economies are faring better than expected despite headwinds...

Adnoc plays vital role in economic growth and diversification of UAE

15 Aug 2023

His Highness Sheikh Khaled Bin Mohamed Bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of Abu Dhabi Executive Council, on Tuesday received Sheikh Tahnoun Bin Mohammed Al...

Opec+ made no changes to the group’s current oil output policy

04 Aug 2023

An Opec+ ministerial panel which met on Friday made no changes to the group’s current oil output policy after a Saudi decision to extend its voluntary production cut into September...

UAE sees current Opec+ actions sufficient for now, says minister

21 Jul 2023

Current actions by Opec+ to support the oil market are sufficient for now, UAE Energy Minister Suhail Al Mazrouei said on Friday, and the group is “only a phone call...

Global energy demand to rise 23% by 2045, says Opec chief

11 Jul 2023

Global demand for all forms of energy is forecast to rise by 23% through 2045, Opec Secretary General Haitham Al Ghais told a Nigerian oil and gas conference on...

Adnoc L&S attracts highest IPO subscription

25 May 2023

Adnoc announced the successful completion of the bookbuild and public subscription process for the initial public offering (IPO) of Adnoc Logistics & Services (Adnoc L&S), a mission-critical global energy maritime...

Adnoc announces increase in total number of shares

22 May 2023

Abu Dhabi National Oil Company (Adnoc) on Monday announced that, as selling shareholder, it has exercised its right set out in the UAE Prospectus to increase the number of ordinary...

Adnoc Distribution reports Dhs551m net profit in Q1

13 May 2023

Adnoc Distribution announced its first quarter 2023 results, reporting a 5.5 per cent year-on-year and 19.4 per cent Quarter-on-Quarter increase in net profit excluding inventory movements to Dhs551 million, driven...

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