Articles
Opec production at lowest level in nearly three decades
Members of the group cut output by 1.93 million barrels per day to 22.69m bpd in June
Adnoc Distribution opens 400th fuel station in the UAE
The fuel retailer operates in the UAE, Saudi Arabia and has expressed interest in expanding to Egypt
Oil markets 'not out of the woods', Opec secretary general says
The markets would have headed to a 'total crush' if the global available storage capacity was allowed to exhaust, Mohammad Barkindo says
Adnoc shuts largest onshore field for planned maintenance
The Bab field, which produces the flagship Murban crude, will be offline for four weeks
BP to sell petchems business to Ineos for $5bn
Ineos previously acquired BP's chemical assets in 2005
Oil slides as coronavirus infections pass 10 million mark
US states such as Texas reimpose lockdowns as cases rise above 2.5 million across the country
Brent likely to average $50 per barrel in 2021, BofA says
Lender also revised its forecast for WTI up to $47 per barrel for 2021, anticipating a tighter market for oil supply and demand
Global oil markets in healthier place, says Adnoc Group CEO
The $20.7bn gas pipelines deal signed this week is one of 'many opportunities that will go on stream in the very near future'
Demand for battery raw materials to increase amid shift to electric vehicles
Global electric vehicles could account for 7% of all passenger car sales by 2025, according to UNCTAD
Siemens signs substation contract with Iraq's electricity ministry
The German firm plans to build 13 substations as part of its roadmap for the rehabilitation of the Iraqi electricity sector
Global solar capacity addition to more than double over the next decade
China will remain the biggest driver of solar power generation growth, Fitch Solutions says
Record $20.7bn investment deal for Adnoc's gas pipelines
Six global names pay $10.1bn upfront for 49% share of leasing rights to Abu Dhabi energy infrastructure assets for 20 years
Etihad Credit Insurance signs partnership to promote Sharia-compliant exports
The federal export credit agency has signed a preliminary agreement with Dubai Islamic Economy Development Centre to boost export credit solutions
UAE and US to pursue new trade and investment opportunities
The US had a $15.6bn trade surplus with the UAE in 2019 – its third largest globally
Migration has positive impact on advanced economies, IMF says
Movement of workers boosts global output, raising world gross domestic product
