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oil
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Abu Dhabi’s Non-Oil Economy Surges by 12.3% in Q2, Reaches $42 Billion: SCAD
Abu Dhabi’s non-oil economy witnessed remarkable growth, surging by 12.3% in the second quarter of 2023, accompanied by…
OPEC Secretary-General Urges Continued Investment in Oil and Gas Industry for Energy Security
The Organization of the Petroleum Exporting Countries (OPEC) remains optimistic about global oil demand and emphasizes the critical…
Oman’s Q2 GDP Contracts by 9.5% to $26.3 Billion Amidst Decline in Oil Activities
Riyadh, September 24, 2023 – Oman’s gross domestic product (GDP) experienced a notable 9.5 percent decline in the…
Saudi Oil Minister Rebuts Blame for Soaring Prices Amid Production Cuts
Saudi Arabia’s oil minister has firmly rejected the notion that the kingdom’s recent production cuts are aimed at…
Kuwait Crude Oil Sees Solid Gains, Climbing 74 Cents to Reach $95.18 per Barrel
Kuwait’s crude oil market experienced a notable uptick on Tuesday, with prices surging by 74 cents to reach…
UAE’s Non-Oil Trade with G20 Nations Surges to $341 Billion: Minister of State for Foreign Trade
Dr. Thani bin Ahmed Al Zeyoudi, the Minister of State for Foreign Trade, has emphasized the strengthening trade…
DP World’s Jebel Ali Port and Free Zone Act as Trade Catalyst in Boosting UAE-India Non-Oil Trade
Access to DP World’s global portfolio for end-to-end logistics and supply chain solutions have enhanced Jafza’s attractiveness for Indian businesses.
Dubai Financial Market Emerges as Global IPO Hotspot Amidst Market Turmoil
Despite several international stock markets experiencing their worst declines in almost a decade, the Dubai Financial Market (DFM) stood out as one of the most vibrant and active markets globally for initial public offerings (IPOs) and listings in 2022.
Suhail Al Mazrouei emphasizes OPEC+’s commitment to maintaining oil market stability by closely monitoring various variables.
Suhail bin Mohammed Al Mazrouei, the Minister of Energy and Infrastructure, has emphasized the commitment of the Organisation of the Petroleum Exporting Countries (OPEC) and its allies in OPEC+ to maintain market balance and stability.
The price of Kuwait crude oil has experienced a significant increase, rising by $2.07 to reach $77.11 per barrel.
In a significant development, the price of Kuwait crude oil experienced a notable increase, rising by $2.07 to reach $77.11 per barrel.