The state-owned Abu Dhabi National Oil Company (ADNOC) on Thursday announced multiple onshore oil discoveries in place, totalling 650 million...
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Oil rebounds after two-day drop as traders weigh products, China
Oil rebounded amid strength in product markets following a two-day slump that was driven by concerns over a global economic downturn. West...
Saudi Arabia posts $15bn surplus on soaring oil income
Saudi Arabia reported a SAR57.5bn ($15.3bn) budget surplus in the first quarter as officials kept spending restrained despite surging oil...
Oil extends advance above $100 as Ukraine crisis continues
Oil pushed higher after rallying back above $100 a barrel as Russian President Vladimir Putin vowed to continue the crisis in Ukraine, which...
Saudi Arabia hikes oil prices further into record territory
Saudi Arabia raised oil prices for customers in all regions as Ukrainian continues to reverberate through markets. State producer Saudi...
UAE raises fuel prices for April 2022
The UAE has revised its fuel prices for the month of April. From April 1, Super 98 petrol will cost Dhs3.74 a litre, a 15.78 per cent...
Oil retreats as US weighs reserves release to combat inflation
Oil retreated on signs the US is considering tapping its reserves in a potentially massive release to tackle rising inflation following...
OPEC+ still sees no need to change plan despite Russia crisis
OPEC and its allies signalled that they still see no need to adapt their oil-supply plans even as the Russia-Ukraine conflict threatens the...
OPEC+ is an alliance to stay, says UAE Energy Minister
OPEC and its allies signalled that they still see no need to adapt their oil-supply plans even as the Russia-Ukraine conflict threatens the...