According to Mubadala Petroleum, this achievement marked a 22 per cent increase in production from 2021
Borouge’s shares will start trading on June 3
The price of Super 98 has risen to Dhs4.15 per litre
Global benchmark Brent topped $122 a barrel, hitting a two-month high
Utico is the largest private utility provider in UAE and is one of the 27 companies forming part of the RMB Group
It provides its services to 3.5 million people who live in Dubai
China was the top destination of Qatar’s exports in April with close to QR6.6bn riyals
The facility would be powered by renewable energy and produce green energy products
West Texas Intermediate futures climbed toward $111 a barrel after rising 0.5 per cent on Wednesday
The policy will enable necessary investments into EV charging infrastructure in Abu Dhabi and encourage consumers to purchase and use EVs in the emirate
The Sharjah Waste to Energy plant will divert up to 300,000 tonnes of waste from landfills annually
ADNOC, BP and Masdar also agreed to explore the production of sustainable aviation fuels in the UAE
Oil markets remain in backwardation, a bullish pattern in which near-term prices trade above longer-dated ones
Some issues to be discussed at Davos 2022 include the Ukraine crisis, the lingering threat of the pandemic, inflation and the shifting geopolitical influence.
The compact station is equipped with eight dispensers, allowing for fuelling on both sides of the station
The IPO subscription period has commenced today, May 23, and will close for retail investors on May 28, 2022
Oil markets remain in backwardation, a bullish pattern that’s marked by near-term prices trading above longer-dated ones
ADNOC said that the new finds totalled 650 million barrels of oil
Investors have shunned equities and many commodities after Federal Reserve officials reaffirmed much tighter monetary policy lies ahead to cool an overheating economy and tame inflation
ACWA Power earned an operating income before impairment loss and other expenses of SAR517m, which was 19.5 per cent higher than the same period in 2021
Soaring demand ahead of the peak US driving season is sending refining margins to extraordinary heights
Sheikh Khalifa became President of the UAE on November 3, 2004, and remained in that role until his death on May 13, 2022
Oil has rallied by more than 50 per cent this year in extremely volatile trading
Aramco’s output averaged 10.2 million barrels a day between January and March, up 20 per cent year-on-year
Dubai’s main power and water company also reported a 15 per cent growth in Q1 2022 revenues to Dhs5.068bn
Oil is up more than 40 per cent this year as economies rebound from the pandemic
Demand for products from plastics to paint has soared in the past year with economies recovering from the coronavirus pandemic
Oil is up around 40 per cent this year following a strong economic rebound from the pandemic
Earlier this year, Apple boasted a market value of $3tn, about $1tn more than Aramco’s
Abu Dhabi already has two solar parks that will have a capacity of 3.2 GW when fully operational